Holiday Bonus Sample Clauses

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. 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. 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. 9.2.1 Holiday bonus and its payment

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. (2) An employee who has not completed 12 consecutive months with the same employer when the establishment closes for the annual leave period, shall be entitled to payment of one twelfth of the holiday bonus for every month of employment. (3) For the purpose of calculation of the period of employment, an employee shall be deemed to have 12 consecutive months employment if his employment commenced when the establishment re-opened after the annual leave period and if he is still in employment when the establishment closes for the next annual leave period. (4) Employment for 15 consecutive calendar days shall be considered employment for a full month for the purpose of calculating the holiday bonus. (5) The holiday bonus shall be paid to employees by no later than one day prior to the commencement of the annual leave period.

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. 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. No changes.

Holiday Bonus. The holiday bonus for each holiday year (May 1 to April 30) based on full-time employment is: For the holiday year starting May 1, 2024: ISK 58,000 For the holiday year starting May 1, 2025: ISK 60,000 For the holiday year starting May 1, 2026: ISK 62,000 For the holiday year starting May 1, 2027: ISK 64,000

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 in December before the holiday based on the following: 0 – 10 hours per week -$ 200 11 -20 hours per week -$ 250 21 hours or more per week -$ 300

Holiday Bonus. Employees shall receive a Holiday Bonus with the first regularly scheduled pay date of November, annually. The bonus amount shall be calculated by multiplying eight (8) by the number of Recognized Holidays listed in Section 10.1 by their base hourly pay rate. The base hourly pay rate used in the calculation shall be the rate in effect at the time of the Holiday Bonus payment. Employees may receive the bonus in pay, compensatory time, or a combination of both. Employees must notify the employer before October 1 annually to request all or a portion of the bonus as compensatory time. Lack of notification to the employer before October 1 will result in the bonus being fully paid.