Common use of CAREER INCENTIVE Clause in Contracts

CAREER INCENTIVE. All employees covered hereunder who have completed a total of five (5) years or more of full-time service with the District shall be entitled to annual longevity pay at the rate of one half percent (.50%) of the base pay for each year of continuous service with the District up to a maximum payment of ten percent (10%) or ten thousand dollars ($10,000), whichever is less. An employee’s eligibility for longevity pay shall be reviewed as of June 1st and December 1st of each year with payment to be affected in equal semiannual installments payable on the first payday of June and December immediately following a determination of eligibility. For qualified employees retiring or resigning before the due date of any semi-annual payment, the amount of payment shall be prorated.

CAREER INCENTIVE. All employees covered hereunder who have completed a total of five eight (5) 8) years or more of full-time service with the District shall be entitled to annual longevity pay at the rate of one half percent .25% (.50%.0025) of the base pay for each year of continuous service with the District up to a maximum payment of ten percent 6.25% (10%.0625) for twenty-five (25) years or ten thousand dollars ($10,000), whichever is lessmore of service. An employee’s eligibility for longevity pay shall be reviewed as of June 1st 1 and December 1st 1 of each year with payment to be affected effected in equal semiannual installments payable on the first payday of June and December immediately following a determination of eligibility. For qualified employees retiring or resigning before the due date of any semi-annual payment, the amount of payment shall be prorated.

CAREER INCENTIVE. All employees covered hereunder who have completed a total of five eight (5) 8) years or more of full-time service with the District shall be entitled to annual longevity pay at the rate of one half percent .25% (.50%.0025) of the base pay for each year of continuous service with the District up to a maximum payment of ten percent 6.25% (10%.0625) for twenty-five (25) years or ten thousand dollars ($10,000), whichever is lessmore of service. An employee’s eligibility for longevity pay shall be reviewed as of June 1st 1 and December 1st 1 of each year with payment to be affected effected in equal semiannual installments payable on the first payday of June and December immediately following a determination of eligibility. For qualified employees retiring or resigning before the due date of any semi-annual semiannual payment, the amount of payment shall be prorated.

CAREER INCENTIVE. ‌ All employees covered hereunder who have completed a total of five eight (5) 8) years or more of full-time service with the District shall be entitled to annual longevity pay at the rate of one half percent .25% (.50%.0025) of the base pay for each year of continuous service with the District up to a maximum payment of ten percent 6.25% (10%.0625) for twenty-five (25) years or ten thousand dollars ($10,000), whichever is lessmore of service. An employee’s eligibility for longevity pay shall be reviewed as of June 1st 1 and December 1st 1 of each year with payment to be affected effected in equal semiannual installments payable on the first payday of June and December immediately following a determination of eligibility. For qualified employees retiring or resigning before the due date of any semi-annual payment, the amount of payment shall be prorated.

CAREER INCENTIVE. All employees covered hereunder who have completed a total of five (5) years or more of full-time service with the District shall be entitled to annual longevity pay at the rate of one one-half percent (.50.1/2 %) of the base pay for each year of continuous service with the District up to a maximum payment of ten percent (10%) or ten not to exceed fifteen thousand dollars ($10,00015,000), whichever is less. An employee’s eligibility for longevity pay shall be reviewed as of June 1st and December 1st of each year with payment to be affected in equal semiannual installments payable on the first payday of June and December immediately following a determination of eligibility. For qualified employees retiring or resigning before the due date of any semi-annual semiannual payment, the amount of payment shall be prorated.