Christmas bonus

April 4, 2018

Christmas bonus is amounting a total monthly salary and are entitled employees worked from 1st May to 31st December. If the working relationship regards a shorter period then Christmas bonus is paid on pro rata basis.

The Christmas bonus is calculated based on the actual salary paid as of December 10th of each year. The actual salary includes any other benefit in kind and in cash (such as food, housing, etc.) provided that these benefits are paid regularly each month or periodically at certain times of the year. Travel expenses compensation, is calculated in the Christmas bonus, as well (conditions apply) if they are paid regularly each month.