Variable salary component definition
Variable salary component here means:
Variable salary component here means: • Commission, bonus or similar variable salary components, • Premium pay and compensation for staggered hours, duty or standby compensation or similar variable salary components, if not included in the monthly salary. “Commission, bonus and similar” here means such variable salary components as are directly linked to the employee’s individual work performance. For each calendar day (whole or in part) of absence that entitles the employee to vacation pay, an average daily income of variable salary components is added to “the sum of the variable salary components that have been paid during the earning year”. This is calculated using the following formula: Compensation for staggered hours and for duty and standby hours or similar shall not be included in the above average calculation if the employee has received such compensation for a maximum of 60 days during the earning year.
Variable salary component here means: For information: The number of days of employment is defined in Section 7 of the Annual Leave Act. For information: Overtime compensation, compensation per extra hour in the case of part-time employment, and compensation for travelling time are not included in the calculation of vacation supplement (see Section 5 Item 3:1, Section 5 Item 4:1 and Section 6 Item 3 respectively).