Common use of Annual Payment of Longevity Clause in Contracts

Annual Payment of Longevity. Longevity payments shall be paid on the employee’s anniversary date. In order to be eligible for longevity, the employee must have completed the necessary minimum length of service for the appropriate amount prior to his anniversary date for such payment. Longevity payments shall be prorated on termination, resignation or retirement.

Appears in 2 contracts

Samples: An Agreement, An Agreement

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Annual Payment of Longevity. Longevity The above listed longevity payments shall be paid on 12 the employee’s anniversary date. In order to be eligible for longevityany of such payments, the employee 13 must have completed the necessary minimum length of service for the appropriate amount prior 14 to his anniversary date for such payment. Longevity payments shall be prorated on termination, 15 resignation or retirement.

Appears in 2 contracts

Samples: Agreement, An Agreement

Annual Payment of Longevity. Longevity The above listed longevity payments shall be paid on 40 the employee’s anniversary date. In order to be eligible for longevityany of such payments, the employee 41 must have completed the necessary minimum length of service for the appropriate amount prior 42 to his anniversary date for such payment. Longevity payments shall be prorated on termination, resignation or retirement.,

Appears in 2 contracts

Samples: Agreement, An Agreement

Annual Payment of Longevity. Longevity The above listed longevity payments shall be paid on 12 the employee’s anniversary date. In order to be eligible for longevityany of such payments, the employee 13 must have completed the necessary minimum length of service for the appropriate amount prior 14 to his anniversary date for such payment. Longevity payments shall be prorated on termination, resignation or retirement.,

Appears in 1 contract

Samples: An Agreement

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Annual Payment of Longevity. Longevity The above listed longevity payments shall be paid on 23 the employee’s anniversary date. In order to be eligible for longevityany of such payments, the employee 24 must have completed the necessary minimum length of service for the appropriate amount prior 25 to his anniversary date for such payment. Longevity payments shall be prorated on termination, resignation or retirement.,

Appears in 1 contract

Samples: Agreement

Annual Payment of Longevity. Longevity payments shall be paid on the employee’s 40 anniversary date. In order to be eligible for longevity, the employee must have completed the 41 necessary minimum length of service for the appropriate amount prior to his anniversary date for 42 such payment. Longevity payments shall be prorated on termination, resignation or retirement.. 43

Appears in 1 contract

Samples: An Agreement

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