Employee Referral Bonus Progam

General Insurance – Terms and Conditions

Eligibility

1. Eligible Referrers:
   • All current full-time and permanent part-time employees are eligible to participate in the referral program.
   • HR personnel and hiring managers are excluded from participation.
2. Eligible Referrals:
   • Referral bonuses are applicable only for specific positions listed in our job openings.
   • Temporary positions and internships are excluded from the program.

Referral Submission Process

1. Referral Method:
   • Referrals must be submitted through our internal referral portal.
   • Required information includes the candidate’s name and contact details.
2. Referral Timing:
   • Referrals must be submitted before the candidate applies for the position.

Bonus Payment

1. Bonus Amount:
   • Bonus amounts are payable in monthly payroll & subject to taxation
   • Bonus amounts will vary depending on the role being advertised.
     • General Insurance/Personal Lines Agents and/or Team Leads: Bonus amount of €1000 is payable in 2 x €500 instalments.
2. Payment Conditions:
   • The fist bonus instalment is paid after the referred candidate successfully completes 3 months with the company and a second bonus instalment after the referred candidate successfully completes 6 months with the company
   • Payment will be made in the payroll after each of the above periods.

Candidate Eligibility

1. Candidate Criteria:
   • Referred candidates must meet the minimum qualifications for the position.
   • Candidates who have applied or interviewed within the last 12 months are not eligible.
2. Internal Candidates:
   • Current employees and former employees are not eligible to be referred.

Validity Period

1. Referral Validity:
   • Referrals are valid for 12 months from the date of submission.

Duplicate Referrals

1. Handling Duplicate Referrals:
   • In case of duplicate referrals, the first referrer will receive the bonus.

Referral Ownership

1. Assignment of Ownership:
   • Ownership of a referral is determined by the timestamp of the referral submission.

Program Changes and Termination

1. Right to Modify:
   • We reserve the right to modify or terminate the referral program at any time, with or without notice.
2. Notification of Changes:
   • Changes to the program will be communicated to employees through company email and the internal portal.

Legal and Tax Implications

1. Tax Liability:
   • Referrers are responsible for any tax liabilities associated with the referral bonus.
2. Compliance with Laws:
   • The program complies with all relevant labour and employment laws.

General Conditions

1. No Guarantee of Hire:
   • Referring a candidate does not guarantee their hiring.
2. Good Faith:
   • Referrals must be made in good faith, with honest intentions.
3. Dispute Resolution:
   • Any disputes related to the referral program will be resolved through our HR department.
4. Non-Transferability:
   • Referral bonuses are non-transferable.

Confidentiality

1. Confidential Information:
   • Referrers must maintain confidentiality regarding the referral and recruitment process.

By adhering to these terms and conditions, we aim to maintain a transparent and fair employee referral bonus program that benefits both our employees and our organisation.