Common use of Annual Service Increment Clause in Contracts

Annual Service Increment. An annual service increment of $500.00 shall be granted to those eligible employees who have completed ten (10) years of continuous service within the School District. An additional $500.00 annual service increment shall be granted to those employees who have completed fifteen (15) years of continuous service, and an additional $500.00 annual service increment shall be granted to those employees who have completed twenty (20) years of continuous service, and an additional $500.00 annual service increment shall be granted to those employees who have completed twenty-five (25) years of continuous service within the School District. Service increments will be effective July 1 of the year in which the employee completes the 10th, 15th, 20th, or 25th year. Benefits provided in this section shall apply only to eligible employees who are regularly employed at least nine (9) months per year and thirty (30) hours per week, or a minimum of 1,044 hours.

Annual Service Increment. An annual service increment of $500.00 500 shall be granted to those eligible employees who have completed ten (10) years of continuous service within the School District. An additional $500.00 500 annual service increment shall be granted to those employees who have completed fifteen (15) years of continuous service, and an additional $500.00 500 annual service increment shall be granted to those employees who have completed twenty (20) years of continuous service, service and an additional $500.00 500 annual service increment shall be granted to those employees who have completed twenty-five (25) years of continuous service within the School District. Service increments will be effective July 1 of the year in which the employee completes the 10th, 15th, 20th, or 25th year. Benefits provided in this section shall apply only to eligible employees who are regularly employed at least nine (9) months per year and thirty (30) hours per week, or a minimum of 1,044 hours.