Common use of CHRISTMAS BONUS Clause in Contracts

CHRISTMAS BONUS. 1. Entitlement and due date All employees shall be entitled to a Christmas bonus once every calendar year, payable by 30 November at the latest and amounting to one monthly salary/wage plus the monthly remuneration components listed in Item 2 of Section 14 above. Employees entering the company at a later date shall be paid the Christmas bonus at the end of the year. Employees entering the company during the year shall be entitled to the pro rata share of the Christmas bonus. Employees leaving the company during the year shall be entitled to the pro rata share of the Christmas bonus payable at the latest upon termination of their employment relationship.

Appears in 8 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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