VARIABLE BONUS. (1) The variable bonus shall be determined on a yearly basis. The quantum will be based on the performance of the Institution, the Singapore economy and the staff and determined in consultation with the Union. (2) Staff who have not served the full Qualifying Period applicable to the variable bonus shall have their bonus pro-rated based on the number of calendar days of service rendered during the Qualifying Period. (3) Staff on part-time employment shall also have their variable bonus pro-rated based on part-time working hours rendered during the Qualifying Period.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement