Holiday pay bonus. The holiday pay bonus for each holiday pay year (1 May to 30 April) based on full employment is: ISK 42,000 for the holiday year which commences 1 May 2015, ISK 44,500 for the holiday year which commences 01 May 2016, ISK 46,500 for the holiday year which commences 01 May 2017, ISK 48,000 for the holiday year which commences 01 May 2018. A full year’s work in this case is considered to be 45 worked weeks or more, not including holiday. The bonus is paid no later than 1 December each year, according to job percentage and length of employment, to all workers who have been in continuous employment with the employer for 12 weeks during the last 12 months', as of 30 April or that are in work in the first week of May. The December bonus includes holiday pay, is a fixed amount and does not change in line with other provisions. Accrued holiday pay bonus shall be settled on termination of employment should this take place prior to the due day for the bonus.
Holiday pay bonus. The holiday pay bonus for each holiday pay year (1 May to 30 April) based on full employment is: For holiday pay year commencing 1 May 2023, holiday pay, bonus will be ISK 56,000. A full year’s work in this case is considered to be 45 worked weeks or more, not including holiday. The bonus is paid no later than 1 December each year, according to job percentage and length of service, to all workers who have been in continuous employment with the employer for 12 weeks during the last 12 months', as of 30 April or that are in work in the first week of May. The December bonus includes holiday pay, is a fixed amount and does not change in line with other provisions. Accrued holiday pay bonus shall be settled on termination of employment should this take place prior to the due day for the bonus.
