Holiday Bonus. Each employee shall be paid a Holiday Bonus in December of each calendar year as follows: Less than one (1) year: $75.00 One (1) but less than five (5) years: $250.00 Five (5) but less than ten (10) years: $300.00 Ten (10) but less than fifteen (15) years: $350.00 Fifteen (15) but less than twenty (20) years: $400.00 Twenty (20) plus years: $425.00
Holiday Bonus. The holiday bonus for each holiday reference year (1 May to 30 April), based on full-time employment, is to be as follows: For the reference year beginning on 1 May 2015: ISK 42,000 For the reference year beginning on 1 May 2016: ISK 44,500 For the reference year beginning on 1 May 2017: ISK 46,500 For the reference year beginning on 1 May 2018: ISK 48,000 A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation). The bonus shall be paid before 1 June, based on the employee’s job proportion and length of employment during the holiday reference year, to all employees who have been in continuous employment for the same employer for 12 weeks during the previous 12 months as of 30 April or are employed during the first week of May. The holiday bonus includes holiday (vacation) pay, and it is a fixed sum that is not subject to change according to other provisions. Accrued holiday bonus shall be settled upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
Holiday Bonus. The employees shall receive a holiday bonus in the amount of the basic monthly salary to which they are entitled at the time of payment not later than by the 30th day of June of each year.
Holiday Bonus. 9.2.1 Holiday bonus and its payment Unless otherwise agreed locally, a holiday bonus of 50 % of the senior salaried employee’s annual holiday pay shall be paid not lat- er than in connection with the next regular salary payment after the end of the annual leave.
Holiday Bonus. No changes.
Holiday Bonus. The holiday bonus for each holiday reference year (1 May to 30 April), based on full-time employment, is to be as follows: In the holiday reference year beginning on 1 May 2019: ISK 50,000. In the holiday-reference year beginning on 1 May 2020: ISK 51,000. In the holiday reference year beginning on 1 May 2021: ISK 52,000. In the holiday reference year beginning on 1 May 2022: ISK 53,000. One time special premium on holiday bonuses 2019 A special supplement, ISK 26,000, to the holiday bonus is paid in 2019. The holiday bonus in 2019 shall be paid not later than 2 May. A full year’s employment, in this context, is 45 worked weeks or more, excluding holiday time (annual vacation), or 1,687.5 hours for office workers and 1,777.5 hours for shop assistants. As of 1 January 2020, the aforementioned figures will be based on a 45-minute shorter work week, i.e. 1,653.75 for office workers and 1,743.75 hours for shop assistants. The bonus shall be paid 1 June, based on the employee’s job proportion and length of employment during the holiday reference year, to all employees who have been in continuous employment for the same employer for 12 weeks during the previous 12 months as of 30 April or are employed during the first week of May. The holiday bonus includes holiday (vacation) pay, and it is a fixed sum that is not subject to change according to other provisions. Accrued holiday bonus shall be settled upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
Holiday Bonus. The holiday bonus for each holiday reference year (1 May to 30 April), based on full-time employment, is to be as follows: In the holiday reference year beginning on 1 May 2019: ISK 50,000. In the holiday reference year beginning on 1 May 2020: ISK 51,000. In the holiday reference year beginning on 1 May 2021: ISK 52,000. In the holiday reference year beginning on 1 May 2022: ISK 53,000. Lump sum: special premium on holiday bonuses 2019 A special supplement, ISK 26,000, is paid on the holiday bonus in 2019. The 2019 holiday bonus shall be paid not later than 2 May. The bonus shall be paid 1 June, based on the employee’s job proportion and length of employment during the holiday reference year, to all employees who have been in continuous employment for the same employer for 12 weeks during the previous 12 months as of 30 April or are employed during the first week of May. A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation), or 1,631.25 hours. From 1 January 2020, the above figure will be based on a 45-minute shortening of the working week, or 1,597.5 hours. The holiday bonus includes holiday (vacation) pay, and it is a fixed sum that is not subject to change according to other provisions. Accrued holiday bonus shall be settled upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
Holiday Bonus. (1) Every employee who has completed 12 consecutive months of employment with the same employer when the establishment closes for the annual leave period, shall be entitled to payment of a holiday bonus equal to one weeks’ remuneration.
Holiday Bonus. The holiday bonus for each holiday reference year (1 May to 30 April), based on full-time employment, is: • In the holiday reference year beginning on 1 May 2023: ISK 56,000. A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation) or 1,653.75 hours for office workers and 1,743.75 hours for shop assistants. The bonus shall be paid before 1 June, based on the employee’s job proportion and length of employment during the holiday reference year, to all employees who have been in continuous employment for the same employer for 12 weeks during the previous 12 months as of 30 April or are employed during the first week of May. The holiday allowance bonus includes holiday allowance, and it is a fixed amount that is not subject to alterations according to other provisions. Accrued holiday bonus shall be settled upon termination of employment in the event that such termination occurs prior to the due date for the bonus. Notes: In cases where an agreement has been reached that the holiday allowance bonus is included in the monthly wages, the parties agree that a special increase in the holiday bonus is not automatically included in the monthly wage. A special payment may therefore be paid separately in June according to the rules that the collective wage agreements contain, or they may be paid as a certain ISK increase of the monthly wage. (Protocol 2014 on Holiday and Desember supplements that are paid out simultaneously with monthly wages)
Holiday Bonus. A holiday bonus will be paid only to employees who have been employed by the district for at least ninety (90) days. The holiday bonus shall be paid the last payday before holiday based on the following: 0 – 10 hours per week -$ 100 11 -20 hours per week -$ 150 21 hours or more per week -$ 200
