Amount and Form. a. In the case of Paragraph 2(b)(1) a single lump sum payment equal to one (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof. b. In the case of Paragraph 2(b)(2) above: (1) One (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof; plus (2) Two (2) weeks of pay at the Employee’s Vacation Rate of Pay for each year of service over 15 years of Continuous Service or portion thereof. c. The total of (1) plus (2) above may not exceed seventy-five thousand dollars ($75,000).
Appears in 6 contracts
Samples: Collective Bargaining Agreement, Basic Labor Agreement, Basic Labor Agreement
Amount and Form. a. In the case of Paragraph 2(b)(1) a single lump sum payment equal to one one
(1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof.
b. In the case of Paragraph 2(b)(2) above:
(1) One (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof; plus
(2) Two (2) weeks of pay at the Employee’s Vacation Rate of Pay for each year of service over 15 years of Continuous Service or portion thereof.
c. The total of (1) plus (2) a. and b. above may not exceed seventy-five seventy thousand dollars ($75,00070,000).
Appears in 2 contracts
Samples: Basic Labor Agreement, Basic Labor Agreement
Amount and Form. a. In the case of Paragraph 2(b)(1) a single lump sum payment equal to one (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof.
b. In the case of Paragraph 2(b)(2) above:
(1) One (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof; plus
(2) Two (2) weeks of pay at the Employee’s Vacation Rate of Pay for each year of service over 15 years of Continuous Service or portion thereof.
c. The total of (1) plus (2) a. and b. above may not exceed seventy-five sixty thousand dollars ($75,00060,000).
Appears in 1 contract
Samples: Basic Labor Agreement
Amount and Form. a. In the case of Paragraph 2(b)(1) a single lump sum payment equal to one one
(1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof.
b. In the case of Paragraph 2(b)(2) above:
(1) One (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof; plus
(2) Two (2) weeks of pay at the Employee’s Vacation Rate of Pay for each year of service over 15 years of Continuous Service or portion thereof.
c. The total of (1) plus (2) above may not exceed seventy-five thousand dollars ($75,000).
Appears in 1 contract
Samples: Basic Labor Agreement