Housing Development Agency Act, 2008
R 385
Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesNational Textile Bargaining CouncilCollective AgreementPart 2AnnexuresAnnexure D: Blanket SectionB. Remuneration7. Annual Bonus |
| 7.1 | Every employer must pay each category of employee listed below an annual bonus based on the employee's actual basic earnings per annum, calculated on the actual basic hourly rate: |
| 7.1.1 | With effect from coming into operation of this Agreement, permanent employees will receive an annual bonus of 5.0% of actual basic earnings per annum. |
| 7.1.2 | With effect from coming into operation of this Agreement, ex-fixed term contract employees employed prior and up to 31 December 2014 will receive an annual bonus of 5% of actual basic earnings per annum |
| 7.1.3 | With effect from coming into operation of this Agreement, new employees who joined the Blanket Industry as from 01 January 2015, irrespective how long they have been in the industry, will receive an annual bonus of 5% of actual basic earnings per annum. |
| 7.2 | The annual bonus is paid not later than a week before Christmas Day in December each year. |
| 7.3 | The annual bonus is based on a full year of service commencing on 1 November of the preceding year and ending on 31 October of the year in which the annual bonus is paid. |
| 7.4 | If an employee starts employment on or after 1 November, that employee is entitled to a pro-rata amount of the annual bonus for the period worked up to 31 October. |
| 7.5 | Where the bonus is payable annually in December of each year, an employee whose employment is terminated— |
| 7.5.1 | before 1 November, is not entitled to any annual bonus; or |
| 7.5.2 | on or after 1 November but before the actual date of payment of this bonus, must be paid the annual bonus on the date of termination. |
| 7.6 | The annual bonus is to be paid annually in December each year, |
