Annual Longevity Pay Sample Clauses

Annual Longevity Pay. 1. All eligible employees covered by this Agreement who are on the Employer's active payroll as of the effective date of this Agreement shall be entitled to receive Longevity pay based on their length of continuous service as of their anniversary date with the Employer according to the following rules and schedules of payment. Eligible employees shall be deemed to be employees with sixty (60) months of continuous service, as of their anniversary date. a. At the beginning of the 61st month through the 120th month of service, two percent (2%) of the gross income will be paid, per year. b. At the beginning of the 121st month through the 180th month of service, four percent (4%) of the gross income will be paid, per year. c. At the beginning of the 181st month through the 240th month of service, six percent (6%) of the gross income will be paid, per year. d. At the beginning of the 241st month through the 299th month of service, eight percent (8%) of the gross income will be paid, per year. e. At the beginning of the 300th month of service through the 359th month of service, ten percent (10%) of the gross income will be paid, per year. f. At the beginning of the 360th month of service through the 419th month of service, twelve percent (12%) of the gross income will be paid, per year. g. At the beginning of the 420th month of service through the 479th month of service, fourteen percent (14%) of the gross income will be paid, per year. h. At the beginning of the 480th month of service, sixteen percent (16%) of the gross income will be paid, per year. 2. Longevity pay shall be computed as a percentage of the employee's hourly rate. 3. For purposes of this section, continuous service means service calculated from the employee's last hiring date as a regular employee and shall be broken by Quit-Discharge. 4. Employees shall not suffer a break in continuous service if they are absent from work due to layoff, physical disability or authorized leave of absence.
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Annual Longevity Pay. 1. All eligible employees covered by this Agreement who are on the Employer's active payroll as of the effective date of this Agreement shall be entitled to receive Longevity pay based on their length of continuous service as of their anniversary date with the Employer according to the following rules and schedules of payment. Eligible employees shall be deemed to be employees with sixty (60) months of continuous service, as of their anniversary date. a. At the beginning of the 61st month through the 120th month of service, two percent (2%) of the gross income will be paid, per year. b. At the beginning of the 121st month through the 180th month of service, four percent (4%) of the gross income will be paid, per year. c. At the beginning of the 181st month through the 240th month of service, six percent (6%) of the gross income will be paid, per year. d. At the beginning of the 241st month of service, eight percent (8%) of the gross income will be paid, per year. 2. Longevity pay shall be computed as a percentage of the employee's hourly rate. 3. For purposes of this section, continuous service means service calculated from the employee's last hiring date as a regular employee and shall be broken by Quit-Discharge. 4. Employees shall not suffer a break in continuous service if they are absent from work due to layoff, physical disability or authorized leave of absence.
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Annual Longevity Pay. An annual longevity pay shall be paid to all bargaining unit members the first (1st) pay period of every December with the following seniority:
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Annual Longevity Pay. An annual longevity pay shall be paid to all bargaining unit members the first (1st) pay period of every December with the following seniority: Twenty-five (25) or more Years $600.00 Twenty (20) Years to Twenty-five (25) $500.00 Fifteen (15) to Nineteen (19) Years $400.00 Ten (10) to Fourteen (14) Years $300.00
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Related to Annual Longevity Pay

  • Longevity Pay If an employee leaves State Classified employment and later is rehired, he/she shall receive no longevity pay. However, once such a rehired employee has been in pay status for five (5) years, all previous service time shall be credited for longevity pay. The only exception shall be for employees rehired who repay severance pay received. (See Article 22, Section Q.)

  • Longevity Payments (a) Longevity payments as set out in the salary schedule in Appendix A-1 (Interest Arbitration ineligible employees) and Appendix A-2 (Interest Arbitration eligible employees) will be provided to eligible employees upon completion of 10, 15, 20 and 25 years of continuous service. Continuous service shall mean time in a title or combination of titles which have existed and/or presently exist in the Security Services Unit, Agency Police Services Unit or Security Supervisors Unit. Such payment will be added to base pay effective on the payroll period which next begins following the actual completion of 10, 15, 20 and 25 years of continuous service. (b) In no event may an employee's basic annual salary exceed the longevity maximum of the salary grade as the result of the longevity payment or adjustment. (c) Employees whose basic annual salary after the application of the general increase and implementation of the new salary schedule is above the job rate will be considered to have received longevity payments in the amount by which their basic annual salary exceeds the job rate for their grade. (d) Such longevity payments will be added to and considered part of base pay for all purposes except for determining an employee's change in salary upon movement to a different salary grade and his potential for movement to the job rate of the new grade, after which determination the appropriate longevity payments will be restored. (e) The longevity amount for all employees will be adjusted to reflect the longevity payments which are appropriate to their current salary grade.

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Annual Allowance The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date an amount equal to two times the annual allowance to which the Executive is entitled as of the date of the Date of Termination (or, if higher, as of immediately prior to the Effective Date).

  • Mileage Allowance The state agrees to seek continued funding to provide for the payment of a mileage allowance for the use of privately owned vehicles for official travel at the rate provided in section 112.061(7)(d)1., F.S.

  • Service Core Allowance The company shall pay $0.95 per hour for all work carried out in construction of service core. This allowance will be adjusted annually (effective from 1 June) in accordance with CPI movements (All Groups, Melbourne) for the preceding 12 months to March (increases to be rounded to the nearest 5 cents).

  • Education Allowance Provisions in existing Collective Agreements providing for educational allowances shall be continued in effect.

  • Training Allowance Operators who are required by the Employer to provide training to a specified level and to certify to the competency of the employees so trained shall receive twelve dollars ($12) per day while training. In such cases, the most senior qualified operator with the capability to provide training in the required class of equipment shall be given the opportunity to provide such training.

  • Vacation Earnings for Partial Years (1) During the first partial year of service a new employee will earn vacation at the rate of three and two-thirds (32/3) days for each month for which the employee earns ten (10) days pay. (2) Subject to Clause 17.8, any unused vacation earned during the first (1st) partial year will be paid to the employee at December 31st of that year. (b) During the first (1st) and subsequent vacation years an employee will earn one-twelfth (1/12) of the annual entitlement for each month in which the employee has received at least ten (10) days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.

  • Educational Allowance Special Preparation Bonuses Per Month Per Shift (Full-time) (Part-time) (1) A.C.L.S. Course (2) Special Courses or Introduction to Nursing Management or 6 months post-graduate O.R. $10.00 0.06 course $15.00 0.09 (3) One year University Diploma $40.00 0.25 (4) Bachelor's Degree $80.00 0.49 (5) Master's Degree $120.00 0.74 These bonuses shall be paid only when, in the judgement of the Hospital, the position of the nurse requires the educational qualifications set out above.

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