Common use of CHRISTMAS BONUS Clause in Contracts

CHRISTMAS BONUS. 29.1 The Company will provide a Christmas bonus for all eligible employees, in accordance with the following schedule. This bonus is payable on the last pay period prior to the Christmas holidays. Eligible employees are those active employees who have worked sometime during the 30 calendar day period preceding the 1st day of the Christmas holiday period with the exception of employees who have been laid off in a reduction of force and then they must have worked sometime during the two (2) weeks preceding the week in which the first paid Christmas holiday falls. Years of Service Amount of Bonus More than 6 months but Less than one (1) year Twenty (20) hours straight time base rate. One (1) year but less Than three (3) years Thirty (30) hours straight time base rate. Three (3) years or more Forty (40) hours straight time base rate

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

CHRISTMAS BONUS. 29.1 The Company will provide a Christmas bonus for all eligible employees, in accordance with the following schedule. This bonus is payable on the last pay period prior to the Christmas holidays. Eligible employees are those active employees who have worked sometime during the 30 calendar day period preceding the 1st day of the Christmas holiday period with the exception of employees who have been laid off in a reduction of force and then they must have worked sometime during the two (2) weeks preceding the week in which the first paid Christmas holiday falls. Years of Service Amount of Bonus More than 6 months but Less less than one (1) year Twenty (20) hours straight time base rate. One (1) year but less Than than three (3) years Thirty (30) hours straight time base rate. Three (3) years or more Forty (40) hours straight time base rate. ARTICLE

Appears in 1 contract

Samples: Agreement

CHRISTMAS BONUS. 29.1 The Company will provide a Christmas bonus for all eligible employees, in accordance with the following schedule. This bonus is payable on the last pay period prior to the Christmas holidays. Eligible employees are those active employees who have worked sometime during the 30 calendar day period preceding the 1st day of the Christmas holiday period with the exception of employees who have been laid off in a reduction of force and then they must have worked sometime during the two (2) weeks preceding the week in which the first first paid Christmas holiday falls. Years of Service Amount of Bonus More than 6 months but Less than one (1) year Twenty (20) hours straight time base rate. One (1) year but less Than three (3) years Thirty (30) hours straight time base rate. Three (3) years or more Forty (40) hours straight time base rate

Appears in 1 contract

Samples: Agreement

CHRISTMAS BONUS. 29.1 The Company will provide a Christmas bonus for all eligible employees, in accordance with the following schedule. This bonus is payable on the last pay period prior to the Christmas holidays. Eligible employees are those active employees who have worked sometime during the 30 calendar day period preceding the 1st day of the Christmas holiday period with the exception of employees who have been laid off in a reduction of force and then they must have worked sometime during the two (2) weeks preceding the week in which the first paid Christmas holiday falls. Years of Service Amount of Bonus More than 6 months but Less less than one (1) year Twenty (20) hours straight time base rate. One (1) year but less Than than three (3) years Thirty (30) hours straight time base rate. Three (3) years or more Forty (40) hours straight time base rate. ARTICLE

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

CHRISTMAS BONUS. 29.1 The Company will provide a Christmas bonus for all eligible employees, in accordance with the following schedule. This bonus is payable on the last pay period prior to the Christmas holidays. Eligible employees are those active employees who have worked sometime during the 30 calendar day period preceding the 1st day of the Christmas holiday period with the exception of employees who have been laid off in a reduction of force and then they must have worked sometime during the two (2) weeks preceding the week in which the first paid Christmas holiday falls. Years of Service Amount of Bonus More than 6 months but Less than one (1) year Twenty (20) hours straight time base rate. One (1) year but less Than three (3) years Thirty (30) hours straight time base rate. Three (3) years or more Forty (40) hours straight Straight time base rate

Appears in 1 contract

Samples: Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.