Common use of LONG SERVICE PAY Clause in Contracts

LONG SERVICE PAY. After 5 years - 1% of annual pay After 10 years - 1.5% of annual pay After 15 years - 2% of annual pay After 20 years - 2.5% of annual pay After 25 years - 3% of annual pay The Long Service Pay shall be paid once a year and not later than the 15th of December. Employees commencing employment on and after January 1, 1995, shall not be eligible to earn Long Service Pay.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

LONG SERVICE PAY. After 5 years - 1% of annual pay After 10 years - 1.5% of annual pay After 15 years - 2% of annual pay After 20 years - 2.5% of annual pay After 25 years - 3% of annual pay The Long Service Pay pay shall be paid once a year and not later than the 15th of December. Employees commencing employment on and after January 1, 1995, 1995 shall not be eligible to earn Long Service Pay.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!