Common use of Anniversary Seniority Payment Clause in Contracts

Anniversary Seniority Payment. An employee who is not eligible for the Long Service Bonus under Clause 27.06 shall receive a lump sum payment, as follows: On Reaching 10 Years of Seniority - $2,000 On Reaching 15 Years of Seniority - $2,000 On Reaching 20 Years of Seniority - $2,000 On Reaching 25 years of Seniority - $2,500 An employee who is receiving the Long Service Bonus under Clause 27.06 is not eligible to receive payments under this clause.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Anniversary Seniority Payment. An employee who is not eligible for the Long Service Bonus under Clause 27.06 shall receive a lump sum payment, as follows: On Reaching 10 Years of Seniority - $2,000 On Reaching 15 Years of Seniority - $2,000 On Reaching 20 Years of Seniority - $2,000 On Reaching 25 years of Seniority - $2,500 An employee who is receiving the Long Service Bonus under Clause 27.06 is not eligible to receive payments under this clause.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!