Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesNational Textile Bargaining Council: Extension to Non-parties of the Main Collective AgreementPart 2AnnexuresAnnexure K: Woven Cotton Textile Products SubsectorB. Remuneration7. Annual Bonus |
7.1 | With effect from the coming into operation of this Agreement, Employees shall be paid annual bonus in December of each year, based on the basic Woven Cotton Council rates of pay as follows: |
7.1.1 | Employees with less than 12 months service = 2 (two) weeks basic rates of pay per grade pro-rated. |
7.1.2 | Employees with greater than 12 months but less than 36 months service = 3.5 (three and a half) weeks basic rate of pay per grade; |
7.1.3 | Employees with greater than 36 months service = 4 (four) weeks basic rate of pay per grade; |
7.2 | The annual bonus is to be paid no later than the end of December of the relevant year. |
7.3 | An employee whose employment is terminated before 31st December is not entitled to any annual bonus. |
7.4 | Temporary employees in the employ of a company as at 31st December each year shall be entitled to a pro rata annual bonus for all periods of employment during that year. |
[Part 2 Annexure K (B)(7) substituted by Notice No. 1343, GG47302, dated 14 October 2022]