Section 9: Types of Bonus and Period of Distribution Thereof

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1) The bonus to be distributed pursuant to this Act shall be paid in cash.

2) The bonus shall have to be distributed within a period of eight months from the close of the fiscal year.

3) If an application, specifying reasons of not being able to distribute the bonus within the period of Section 2 is submitted to the Labour Office by any Management, the Labour Office may, if the reasons are found genuine, extend the time for a period of three months at maximum for distribution of bonus or may allow to distribute the bonuses of two years at a time in the next fiscal year.

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Section 9: Types of Bonus and Period of Distribution Thereof

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