LONG SERVICE PAY. In recognition of the principle that a long service employee is of increased value to the employer through his/her acquired knowledge and experience, the employer agrees to long service pay in accordance with the following table: One (1) to five (5) years of service - $10 per year For each additional year of service - $15 is to be added to the employee’s previous accumulation of money and paid to such employee on the second week in April of each year and only to those employees who have worked an average of twenty (20) hours per week over the six (6) month period preceding April 1st.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
LONG SERVICE PAY. In recognition of the principle that a long service employee Employee is of increased value to the employer Employer through his/her acquired knowledge and experience, the employer Employer agrees to long service pay Long Service Pay in accordance with the following table: One (1) to After five (5) years of service - employment $10 1.00 per year For week for each additional year of service - service, and $15 is to be added to the employee’s previous accumulation of money and paid to such employee on the second week in April of each year and only to those employees who have worked an average of twenty (20) hours 1.00 per week over the six (6) month period preceding April 1stfor every year thereafter: After 5 years $260 6 years 312 7 years 364 8 years 416 9 years 468 10 years 520, etc.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
LONG SERVICE PAY. In recognition of the principle that a long service term employee is of increased value to the employer Employer through his/her acquired knowledge and experience, the employer Employer agrees to long service pay Long Service Pay in accordance with the following table: One . At ten (1) to five (510) years of service - $10 per year For each additional year of service - 250.00 At fifteen (15) years $15 is to be added to the employee’s previous accumulation of money and paid to such employee on the second week in April of each year and only to those employees who have worked an average of 500.00 At twenty (20) hours per week over the six years $1,000.00 At twenty-five (625) month period preceding April 1st.years $1,500.00 At thirty (30) years $2,000.00
Appears in 1 contract
Samples: Collective Agreement
LONG SERVICE PAY. In recognition of the principle that a long service employee is of increased value to the employer through his/her acquired knowledge and experience, the employer agrees to long service pay in accordance with the following table: One (1) to five (5) years of service - $10 per year For each additional year of service - $15 is to be added to the employee’s previous accumulation of money and paid to such employee on the second week in April of each year and only to those employees who have worked an average of twenty (20) hours per week over the six (6) month period preceding April 1st. The Employer agrees that the twenty (20) hour per week qualifying provision for Long Service Pay shall only apply to employees hired after the date of the signing of this Agreement.
Appears in 1 contract
Samples: Collective Agreement
LONG SERVICE PAY. In recognition of the principle that a The Employer will pay to each full-time employee long service employee is pay, in a lump sum on the first pay date in January, for each five years of increased value to the employer through his/her acquired knowledge service and experienceprovide a like increase each five years thereafter, the employer agrees to long service pay based in accordance with the following table: One (1) to five (5) After 5 years of service - $10 325 per year For each additional year After 10 years of service - $475 per year After 15 is to be added to the employee’s previous accumulation years of money and paid to such employee on the second week in April service $625per year After 20 years of each service $775 per year and only to those employees who have worked an average After 25 years of twenty (20) hours service $925 per week over the six (6) month period preceding April 1st.year After 30 years of service $1,075 per year After 35 years of service $1,225 per year
Appears in 1 contract
Samples: Collective Agreement