Common use of Career Commitment Clause in Contracts

Career Commitment. Longevity payments will be effective for teachers’ years of experience as outlined in this Section at the beginning of the 2015-2016 school year and beyond. The parties agree that there will be no retroactive or cumulative payments for longevity benchmarks reached prior to the enactment of the July 1, 2015 through June 20, 2017 Agreement. The District will make said contribution no later than the June 30 pay period. (1) An employee credited at the beginning of the school year with 15 years of service in the Orono School District shall receive a onetime contibution of $750 to employee’s 403(b)/457 account. (2) An employee credited at the beginning of the school year with a least 20 years of service in the Orono School District shall receive a onetime contribution of $1000 to employee’s 403(b)/457 account. (3) An employee credited at the beginning of the school year with at least 25 years of service in the Orono School District shall receive a onetime contribution of $1250 to emplyess’s 403(b)/457 account. (4) An employee credited at the beginning of the school year with at least 30 years of service in the Orono School District shall receive a onetime contribution of $1500 to employee’s 403(b)/457 account. (5) An employee credited at the beginning of the school year with at least 35 years of service in the Orono School District shall receive a onetime contribution of $2000 to the employee’s 403(b)/457 account.

Career Commitment. Longevity Matching payments will be effective for teachers’ years of experience as outlined in this Section at the beginning of the 2015-2016 school year and beyond. The parties agree that there will be no retroactive or cumulative payments for longevity benchmarks reached prior to the enactment of the July 1, 2015 through June 20, 2017 Agreement. The District will make said contribution no later than the June 30 pay period. (1) An employee credited at the beginning of the school year with 15 years of service in the Orono School District shall receive a onetime contibution of $750 to employee’s 403(b)/457 account. (2) An employee credited at the beginning of the school year with a least 20 years of service in the Orono School District shall receive a onetime contribution of $1000 to employee’s 403(b)/457 account. (3) An employee credited at the beginning of the school year with at least 25 years of service in the Orono School District shall receive a onetime contribution of $1250 to emplyessemplyees’s 403(b)/457 account. (4) An employee credited at the beginning of the school year with at least 30 years of service in the Orono School District shall receive a onetime contribution of $1500 to employee’s 403(b)/457 account. (5) An employee credited at the beginning of the school year with at least 35 years of service in the Orono School District shall receive a onetime contribution of $2000 to the employee’s 403(b)/457 account. (6) An employee credited at the beginning of the school year with at least 40 years of service in the Orono School District shall receive a onetime contribution of $2500 to the employee’s 403(b)/457 account.