Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesNational Textile Bargaining Council: Extension to Non-parties of the Main Collective AgreementPart 2AnnexuresAnnexure L: Woven, Crochet & Knitted Narrow Fabric SubsectorB. Remuneration7. Annual Bonus |
| 7.1 | Every employer must pay each employee an annual bonus of 5.0% of his/her gross annual earnings calculated in terms of clause 7.2 (below) prior to the annual shutdown and no later than a week before Christmas Day. |
| 7.2 | With effect from 01 July 2023, every employer must pay each employee an annual bonus of 5.5% of his/her gross annual earnings calculated in terms of clause 7.2 (below) prior to the an nual shutdown and no later than a week before Christmas Day. |
| 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 | An employee whose employment is terminated— |
| (a) | before 1 November is not entitled to any annual bonus; or |
| (b) | on or after 1 November, must be paid the annual bonus on the date of termination. |
[Part 2 Annexure L B(7) substituted by Notice No. 1343, GG47302, dated 14 October 2022]