Common use of Long Service Allowance Clause in Contracts

Long Service Allowance. 47.01 An employee shall be eligible for an annual Long Service Allowance (LSA) of $3,000 per year provided the employee has: (a) completed seven (7) years of current, continuous service; and (b) been paid at the maximum salary during the immediately preceding period of two (2) years; and (c) received in the two (2) prior years and continues to receive a satisfactory performance review. The allowance shall be paid on the end of month pay in July. 47.02 Pursuant to 47.01, should an employee leave the Employer’s employment, a pro- rated amount will be deducted from the final pay. This deduction will equal $250 for each remaining month of the LSA year.

Long Service Allowance. 47.01 An 48.01 Effective July 1, 2008, an employee shall be eligible for an annual Long Service Allowance (LSA) of $3,000 per year provided the employee has: (a) completed seven (7) years of current, continuous service; and (b) been paid at the maximum salary during the immediately preceding period of two (2) years; and (c) received in the two (2) prior years and continues to receive a satisfactory performance review. The allowance shall be paid on the end of month pay in July. 47.02 48.02 Pursuant to 47.0148.01, should an employee leave the Employer’s employment, a pro- pro-rated amount will be deducted from the final pay. This deduction will equal $250 for each remaining month of the LSA year.