Common use of Annual Service Credit Clause in Contracts

Annual Service Credit. A qualifying member shall receive an annual service credit payment based upon the member’s number of uninterrupted and continuous years of active, full-time service as a sworn, regular full-time officer, regardless of rank, in the Genoa Township Police Department, which service credit payment will be made in the following manner: A. After a member has completed five (5) years of continuous and uninterrupted active, full- time service, such member shall be eligible to receive an annual service credit payment in the amount of $450.00, plus $100.00 per year for each continuing and uninterrupted year of active, full-time service thereafter. B. Payment of the annual service credit shall be made in a lump sum in the first pay period in December. Payment shall be based upon the number of completed years of continuous active service as a full-time officer in the Genoa Township Police Department as of the date of payment. There shall be no prorated payments under this provision.

Annual Service Credit. A qualifying member shall receive an annual service credit payment based upon the member’s number of uninterrupted and continuous years of active, full-time service as a sworn, regular full-time police officer, regardless of rank, in the Genoa Township Police Department, which service credit payment will be made in the following manner: A. After a member has completed five (5) years of continuous and uninterrupted active, full- time service, such member shall be eligible to receive an annual service credit payment in the amount of $450.00, plus $100.00 per year for each continuing and uninterrupted year of active, full-time service thereafter. B. Payment of the annual service credit shall be made in a lump sum in the first pay period in December. Payment shall be based upon the number of completed years of continuous active service as a full-time officer in the Genoa Township Police Department as of the date of payment. There shall be no prorated payments under this provision.

Annual Service Credit. A qualifying member shall receive an annual service credit payment based upon the member’s number of uninterrupted and continuous years of active, full-time service as a sworn, regular full-time officeremployee, regardless of rank, in with the Genoa Township Police Fire Department, which service credit payment will be made in the following manner: A. After a member has completed five (5) years of continuous and uninterrupted active, full- time service, such member shall be eligible to receive an annual service credit payment in the amount of $450.00, 450.00 plus $100.00 per year for each continuing and uninterrupted year of active, full-time service thereafter. B. Payment of the annual service credit shall be made in a lump sum in the first pay period in December. Payment shall be based upon the number of completed years of continuous active service as a full-time officer in employee with the Genoa Township Police Fire Department as of the date of payment. There shall be no prorated payments under this provision.