Anniversary Pay Sample Clauses

Anniversary Pay. Extra Day’s Pay After completing one year of driving with the district each Employee shall receive one extra day’s pay in the paycheck immediately following the first anniversary of their employment and all subsequent anniversaries. After three (3) years, the employee will receive two (2) extra days pay following their third (3rd) anniversary and subsequent anniversaries. After five (5) years, the employee will receive three (3) extra days pay following their fifth (5th) anniversary and subsequent anniversaries. After ten (10) years, the employee will receive four (4) extra days pay following their tenth (10th) anniversary and subsequent anniversaries. After fifteen (15) years, the employee will receive five (5) extra days pay following their fifteenth (15th) anniversary and subsequent anniversaries. After twenty (20) years, the employee will receive six (6) extra days pay following their twentieth (20th) anniversary and subsequent anniversaries. One anniversary day is the equivalent to the contractual minimum daily guarantee at the employee’s regular hourly rate of pay. Holiday Pay Beginning July 1, 2015 all employees will receive nine (9) paid holidays. The following holidays comprise the nine: Labor Day, Veterans Day, Thanksgiving Day, Christmas Eve, Christmas Day, New Year’s Eve, New Year’s Day, Xxxxxx Xxxxxx Xxxx Day and Presidents Day. In order for the employee to be eligible for holiday pay they must work their entire schedule the business day before and after the holiday. The only exceptions to the holiday pay eligibility requirements are verified bereavement, jury duty, or court date. If an employee is scheduled to work any of these listed paid holidays the work will be completed at the regular straight time rate for that work and an alternate day off will be provided at a mutually acceptable preplanned date. Eligibility rules for holiday pay and personal days will apply. Job Related Requirements Employees will be reimbursed for job related requirements including educational courses (equivalent to current cost of district-scheduled courses) related to school bus transportation. Drivers will receive three (3) hours pay for court attendance for stop arm violations. Employees shall be paid actual time for attendance to job related courses, such as, first aid, defensive driving, safety meetings, etc. Employee’s failure to pass all required training and tests by the District and State will disqualify applicant trainee from employment. EXHIBIT B PRETRIP...
Sample 1
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Anniversary Pay. Anniversary pay is to be based on an employee's anniversary date, as follows: An employee hired subsequent to May 31st in any year will be eligible to receive anniversary pay equal to 2 percent of their earnings from the date of their employment to the following May 31st. This amount shall be calculated for the employee on May 31st following their first anniversary date and shall be in addition to the regular vacation pay. In like manner, an employee will be eligible to receive anniversary pay equal to 2 percent of their earnings from their second anniversary to the following May 31st, and this amount shall be calculated on May 31st following their third anniversary. An employee will be eligible also to receive anniversary pay equal to 2 percent of their earnings from their sixth anniversary date to the following May 31st, and this amount shall be calculated on May 31st following their seventh anniversary. An employee will be eligible also to receive anniversary pay equal to 1 percent of their earnings from their eleventh anniversary date to the following May 31st, and this amount shall be calculated on May 31st following their twelfth anniversary. An employee also will be eligible to receive anniversary pay equal to 1 percent of their earnings from their fifteenth anniversary date to the following May 31st and this amount shall be calculated on May 31st, following their sixteenth anniversary. An employee also will be eligible to receive anniversary pay equal to 2 percent of their earnings from their twenty-first anniversary date to the following May 31st and this amount shall be calculated on May 31st following their twenty-second anniversary. An employee also will be eligible to receive anniversary pay equal to 2 percent of their earnings from their twenty-ninth anniversary date to the following May 31st, and this amount shall be calculated on May 31st following their thirtieth anniversary. An employee retired under the Pension Plan or on leave or laid off and maintaining or accumulating service on the payable date above referred to will be paid their anniversary pay for which they are eligible. Employees retiring with less than 5 years of service will be eligible for accumulated vacation pay. The estate or the heirs of an employee who is eligible and who dies before the payable date will be paid their anniversary pay. An employee who quits or is discharged prior to the payable dates will be paid anniversary pay, or regular vacation pay. An employee who ...
Sample 1

Related to Anniversary Pay

  • Anniversary Fee A fully earned, non-refundable fee of $33,750, on the first anniversary of the Effective Date; and if this Agreement is terminated prior to the first anniversary of the Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

  • Over-Allowance Amount The amount that is equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the TI Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the Cost Proposal Delivery Date that is not otherwise included within the Cost Proposal) shall be referred to herein as the "Over-Allowance Amount." Tenant shall pay to Landlord (a) one-half (1/2) of such Over-Allowance Amount no later than ten (10) days after the Cost Proposal Delivery Date and (b) the other one-half (1/2) of such Over-Allowance Amount within ten (10) days after Landlord gives Tenant written notice that the construction of the Tenant Improvements is completed. The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any then remaining portion of the TI Allowance, and such disbursement shall be pursuant to the same procedure as the TI Allowance. In the event that after the Cost Proposal Delivery Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Tenant Improvements, any additional costs which arise in connection with such revisions, changes or substitutions shall be paid by Tenant to Landlord as an addition to the Over-Allowance Amount as follows: (1) one-half (1/2) of such additional amount within five (5) days after Landlord's invoice therefor and (2) the remaining one-half (1/2) of such additional amount within five (5) days following Tenant's receipt of Landlord's written notice that the work to which the change order applies is complete. In addition, upon Landlord's determination of the actual costs incurred by or on behalf of Landlord for the TI Allowance Items, Tenant shall pay Landlord the amount, if any, by which such actual costs exceed the sum of the TI Allowance and the Over-Allowance Amount within fifteen (15) days after being billed therefor, or Landlord may, at its election, require that Tenant deposit with Landlord the full amount of such excess prior to Landlord's delivery of the Expansion Space to Tenant. No portion of the TI Allowance shall be used to pay Tenant or Tenant's agents, contractors or employees, unless and until Landlord's contractors and any other persons and entities employed by or under contract with Landlord have been paid in full.

  • CONTRACT ANNIVERSARY An anniversary of the Contract Date.

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • Term Commencement Date The term of this Agreement shall commence on , 2020 (the “Commencement Date”) and, unless earlier terminated in accordance with the terms of this Agreement, shall end on June 30, 2055 (the “Term”).

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

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