Common use of LONG SERVICE PAY Clause in Contracts

LONG SERVICE PAY. 25.01 The Corporation shall pay Long Service Pay to every employee on the first regular pay day after December 1st of each year, based upon continuous full time service as follows: Upon completion of five year’s and less than ten years’ service $ 65.00 annually Upon completion of ten years’ and less than fifteen years’ service $ 130.00 annually Upon completion of fifteen years’ service and less than twenty years’ service $ 195.00 annually Upon completion of twenty years’ service and less than twenty-five years’ service $ 260.00 annually Upon completion of twenty-five years’ service and over $ 325.00 annually When an employee who is qualified to receive Long Service Pay, completes his/her fifth, tenth, fifteenth, twentieth or twenty-fifth year of service within any calendar year, he/she shall be paid the rate applicable to his/her term of service in that year. Any employee who leaves the service after completing five years' service shall be entitled to receive a proportionate part of the Long Service Pay which would have been payable to him for the calendar year in which he/she terminates his/her employment; provided that if any employee leaves the service before December 31st, after receiving Long Service Pay for that calendar year, the Corporation shall have the right to recover from the employee the proportionate part of such Long Service Pay, paid in advance, for which he/she is no longer entitled.

Appears in 1 contract

Samples: Collective Agreement

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LONG SERVICE PAY. 25.01 The Corporation shall pay Long Service Pay to every employee on the first regular pay day after December 1st of each year, based upon continuous full time service as follows: Upon completion of five year’s years' and less than ten years' service $ 65.00 annually Upon completion of ten years' and less than fifteen years' service $ $130.00 annually Upon completion of fifteen years’ service ' and less than twenty years' service $ $195.00 annually Upon completion of twenty years’ service ' and less than twenty-five years' service $ $260.00 annually Upon completion of twenty-five years' service and over $ $325.00 annually When an employee who is qualified to receive Long Service Pay, completes his/her his fifth, tenth, fifteenth, twentieth or twenty-fifth year of service within any calendar year, he/she he shall be paid the rate applicable to his/her his term of service in that year. Any employee who leaves the service after completing five years' service shall be entitled to receive a proportionate part of the Long Service Pay which would have been payable to him for the calendar year in which he/she he terminates his/her his employment; provided that if any employee leaves the service before December 31st, after receiving Long Service Pay for that calendar year, the Corporation shall have the right to recover from the employee the proportionate part of such Long Service Pay, paid in advance, for which he/she he is no longer entitled.

Appears in 1 contract

Samples: Collective Agreement

LONG SERVICE PAY. 25.01 The Corporation shall pay Long Service Pay to every employee on the first regular pay day after December 1st of each year, based upon continuous full time service as follows: Upon completion of five year’s years' and less than ten years' service $ 65.00 annually Upon completion of ten years' and less than fifteen years' service $ $130.00 annually Upon completion of fifteen years’ service ' and less than twenty years' service $ $195.00 annually Upon completion of twenty years’ service ' and less than twenty-five years' service $ $260.00 annually Upon completion of twenty-five years' service and over $ $325.00 annually When an employee who is qualified to receive Long Service Pay, completes his/her fifth, tenth, fifteenth, twentieth or twenty-fifth year of service within any calendar year, he/she shall be paid the rate applicable to his/her term of service in that year. Any employee who leaves the service after completing five years' service shall be entitled to receive a proportionate part of the Long Service Pay which would have been payable to him for the calendar year in which he/she terminates his/her employment; provided that if any employee leaves the service before December 31st, after receiving Long Service Pay for that calendar year, the Corporation shall have the right to recover from the employee the proportionate part of such Long Service Pay, paid in advance, for which he/she is no longer entitled.

Appears in 1 contract

Samples: Collective Agreement

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LONG SERVICE PAY. 25.01 The Corporation shall pay Long Service Pay to every employee on the first regular pay day after December 1st of each year, based upon continuous full time service as follows: Upon completion of five year’s years’ and less than ten years’ service $ 65.00 annually Upon completion of ten years’ and less than fifteen years’ service $ 130.00 annually Upon completion of fifteen years’ service and less than twenty years’ service $ 195.00 annually Upon completion of twenty years’ service and less than twenty-five years’ service $ 260.00 annually Upon completion of twenty-five years’ service and over $ 325.00 annually When an employee who is qualified to receive Long Service Pay, completes his/her fifth, tenth, fifteenth, twentieth or twenty-fifth year of service within any calendar year, he/she shall be paid the rate applicable to his/her term of service in that year. Any employee who leaves the service after completing five years' service shall be entitled to receive a proportionate part of the Long Service Pay which would have been payable to him for the calendar year in which he/she terminates his/her employment; provided that if any employee leaves the service before December 31st, after receiving Long Service Pay for that calendar year, the Corporation shall have the right to recover from the employee the proportionate part of such Long Service Pay, paid in advance, for which he/she is no longer entitled.

Appears in 1 contract

Samples: Collective Agreement

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