At the end of each academic year, each employee will be entitled to an Annual Bonus equivalent to the gross monthly salary. This will be paid at the end of the calendar year. All teachers who work from August till the end of the academic year will be eligible for this bonus. For teachers who join during the year, Annual Bonus will be given according to the number of months they have worked. For e.g. a teacher who joins in the beginning of January will receive an Annual Bonus equivalent to monthly gross salary divided into 6 (six) months (January to July).