Common use of INCENTIVE AND BONUS PROGRAMS Clause in Contracts

INCENTIVE AND BONUS PROGRAMS. 3 (1) Longevity Recognition: After completing fifteen (15) continuous years of employment, 4 excluding outside credit, an employee shall receive an additional supplement of $150.00 within 5 thirty days from the fifteenth anniversary date and on the first pay period for the employee each 6 fiscal year thereafter. After completing twenty (20) continuous years of employment, excluding 7 outside experience credit, an employee shall receive an additional supplement of $700.00 within 8 thirty days from the twentieth anniversary date and on the first pay period for the employee each 9 fiscal year thereafter. After completing twenty-five (25) continuous years of employment, 10 excluding outside experience credit, an employee shall receive an additional supplement of 11 $950.00 within thirty days from the twenty-fifth anniversary date and on the first pay period for 12 the employee each fiscal year thereafter.

INCENTIVE AND BONUS PROGRAMS. 3 (1) Longevity Recognition: After completing fifteen (15) continuous years of employment, 4 excluding outside credit, an employee shall receive an additional supplement of $150.00 within 5 thirty days from the fifteenth anniversary date and on the first pay period for the employee each 6 fiscal year thereafter. After completing twenty (20) continuous years of employment, excluding 7 outside experience credit, an employee shall receive an additional supplement of $700.00 within 8 thirty days from the twentieth anniversary date and on the first pay period for the employee each 9 fiscal year thereafter. After completing twenty-five (25) continuous years of employment, 10 excluding outside experience credit, an employee shall receive an additional supplement of 11 $950.00 within thirty days from the twenty-fifth anniversary date and on the first pay period for 12 the employee each fiscal year thereafter.

INCENTIVE AND BONUS PROGRAMS. 3 2 (1) Longevity Recognition: After completing fifteen (15) continuous years of employment, 4 3 excluding outside credit, an employee shall receive an additional supplement of $150.00 within 5 4 thirty days from the fifteenth anniversary date and on the first pay period for the employee each 6 5 fiscal year thereafter. After completing twenty (20) continuous years of employment, excluding 7 6 outside experience credit, an employee shall receive an additional supplement of $700.00 within 8 7 thirty days from the twentieth anniversary date and on the first pay period for the employee each 9 8 fiscal year thereafter. After completing twenty-five (25) continuous years of employment, 10 9 excluding outside experience credit, an employee shall receive an additional supplement of 11 10 $950.00 within thirty days from the twenty-fifth anniversary date and on the first pay period for 12 11 the employee each fiscal year thereafter.

INCENTIVE AND BONUS PROGRAMS. 3 (1) Longevity Recognition: After completing fifteen (15) continuous years of employment, 4 excluding outside credit, an employee shall receive an additional supplement of $150.00 within 5 thirty days from the fifteenth anniversary date and on the first pay period for the employee each 6 fiscal year thereafter. After completing twenty (20) continuous years of employment, excluding 7 outside experience credit, an employee shall receive an additional supplement of $700.00 within 8 thirty days from the twentieth anniversary date and on the first pay period for the employee each 9 fiscal year thereafter. After completing twenty-five (25) continuous years of employment, 10 excluding outside experience credit, an employee shall receive an additional supplement of 11 $950.00 within thirty days from the twenty-fifth anniversary date and on the first pay period for 12 the employee each fiscal year thereafter.