The bank’s $2.2 billion bonus will be distributed on December 30, 2017, with a minimum payout of $2,000 per $1,000 of assets in 2018, according to a bank statement.
The bonus will apply to those employees who were on the job for 12 months or more in 2017, and those employees eligible for the $500,000 annual bonus.
It will also apply to employees who joined the bank’s bank branch branch or office in 2018.
In 2018, those eligible for bonus cash can expect to receive a total of $3,000 for a total $2 million bonus.
In 2019, bonus cash recipients can expect an additional $1 million in bonus cash.
In 2020, bonus Cash recipients will receive $1.2 million, the bank said.
A bonus will also be distributed for employees who completed their first two years of training or whose employees completed training for two years or more.
The bank said employees who have already completed training will receive a bonus of $1 per $5,000 in gross earnings for the year, up to a maximum of $5.6 million.
The bank also released a statement this week outlining the bank is extending its holiday bonus for employees with a three-year commitment.
The Christmas bonus program is part of a broader bank holiday incentive program, which the bank has been rolling out over the last few years.