Common use of Long Service Payment Clause in Contracts

Long Service Payment. If the principal has twenty-five years service or more he/she shall be paid a lump sum of six months ordinary pay (taxable salary) plus one weeks ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year. PROVIDED that if the principal, following closure, begins permanent employment in the education service before the expiry of the period of weeks for which a long service payment has been made, the principal shall refund the portion of the long service payment which represents the difference between the period for which the payment was made and the number of weeks without employment.

Long Service Payment. If the principal Principal has twenty-five years service or more he/she shall be paid a lump sum of six months ordinary pay (taxable salary) plus one weeks week’s ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year. PROVIDED that if the principalPrincipal, following closure, begins permanent employment in the education service Education Service before the expiry of the period of weeks for which a long service payment has been made, the principal Principal shall refund the portion of the long service payment which represents the difference between the period for which the payment was made and the number of weeks without employment.

Long Service Payment. If the principal Principal has twenty-five years years’ service or more he/she shall be paid a lump sum of six months ordinary pay (taxable salary) plus one weeks week’s ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year. PROVIDED that if the principalPrincipal, following closure, begins permanent employment in the education service Education Service before the expiry of the period of weeks for which a long service payment has been made, the principal Principal shall refund the portion of the long service payment which represents the difference between the period for which the payment was made and the number of weeks without employment.

Long Service Payment. If the principal Principal has twenty-five years years’ service or more he/she shethey shall be paid a lump sum of six months ordinary pay (taxable salary) plus one weeks week’s ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year. PROVIDED that if the principalPrincipal, following closure, begins permanent employment in the education service Education Service before the expiry of the period of weeks for which a long service payment has been made, the principal Principal shall refund the portion of the long service payment which represents the difference between the period for which the payment was made and the number of weeks without employment.

Long Service Payment. If the principal has twenty-five years years’ service or more he/she they shall be paid a lump sum of six months ordinary pay (taxable salary) plus one weeks ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year. PROVIDED that if the principal, following closure, begins permanent employment in the education service before the expiry of the period of weeks for which a long service payment has been made, the principal shall refund the portion of the long service payment which represents the difference between the period for which the payment was made and the number of weeks without employment.

Long Service Payment. If the principal has twenty-five years years’ service or more he/she shall be paid a lump sum of six months ordinary pay (taxable salary) plus one weeks ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year. PROVIDED that if the principal, following closure, begins permanent employment in the education service before the expiry of the period of weeks for which a long service payment has been made, the principal shall refund the portion of the long service payment which represents the difference between the period for which the payment was made and the number of weeks without employment.

Long Service Payment. If the principal Principal has twenty-five years years’ service or more he/she they shall be paid a lump sum of six months ordinary pay (taxable salary) plus one weeks week’s ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year. PROVIDED that if the principalPrincipal, following closure, begins permanent employment in the education service Education Service before the expiry of the period of weeks for which a long service payment has been made, the principal Principal shall refund the portion of the long service payment which represents the difference between the period for which the payment was made and the number of weeks without employment.