Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesNational Textile Bargaining Council: Extension to Non-parties of the Main Collective AgreementPart 2AnnexuresAnnexure G: Manufactured Fibres SubsectorSchedule 1B. Remuneration7. Annual Bonus |
| 7.1 | Every employer must pay each employee an annual bonus equivalent to one month's basic pay, calculated on the actual basic hourly rate. |
| 7.2 | An employee who has not completed a full year's service by the time the annual bonus is paid shall be paid a pro rata share of the annual bonus. |
| 7.3 | An employee whose service is terminated shall be paid a pro rata of his annual bonus, calculated at the time of the termination of his service. |
| 7.4 | Where an employee's grade changes during the term of this Agreement, such employee's annual bonus shall be paid on a pro rata basis according to the period spent in each grade. |
| 7.5 | Employees employed on a temporary basis in the employ of a Company as at December each year shall be entitled to a pro rata bonus for all periods of employment during that year. |
| 7.6 | Annual Bonus is to be paid in one payment on the normal payment date (plant level) and as per normal annual bonus rules. |
[Part 2 Annexure G Schedule 1 (B)(7)(7.6) inserted by Notice No. R. 1398, GG44029, dated 24 December 2020]