Common use of Long Service Bonus Clause in Contracts

Long Service Bonus. (a) Effective January 1, 1991, an employee shall receive a Long Service Bonus of $1,000.00 upon completion of five (5) years of continuous employment and on each subsequent fifth anniversary date thereafter, except that employees who received a Long Service Bonus in 1978 shall begin to accumulate their next five years as of their anniversary date in 1978.

Long Service Bonus. (a) Effective January 1, 1991, an An employee shall receive a Long Service Bonus of $1,000.00 upon completion of five (5) years of continuous employment and on each subsequent fifth anniversary date thereafter, except that employees who received a Long Service Bonus in 1978 shall begin to accumulate their next five years as of their anniversary date in 1978.

Long Service Bonus. (a) Effective January 1, 1991, an employee shall receive a Long Service Bonus of $1,000.00 upon completion of five (5) years of continuous employment and on each subsequent fifth anniversary date thereafter, except that employees an employee who received a Long Service Bonus in 1978 shall begin to accumulate their his next five years as of their his anniversary date in 1978.