Long-Term Service Premium Sample Clauses

Long-Term Service Premium. Employees shall be paid an hourly premium based upon their length of service with the Company as per the following: (i) $0.25 per hour, if the employee has been continuously employed for more than 3 years but less than 5 years. (ii) $0.60 per hour, if the employee has been continuously employed for more than 5 years but less than 10 years. (iii) $1.00 per hour, if the employee has been continuously employed for more than 10 years but less than 15 years. (iv) $1.50 per hour, if the employee has been continuously employed for more than 15 years but less than 20 years. (v) $2.50 per hour, if the employee has been continuously employed for more than 20 years but less than 25 years. (vi) $2.75 per hour, if the employee has been continuously employed for more than 25 years.
Sample 1
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Long-Term Service Premium. Upon the completion of ten (10) years of service with the Company, an employee will be paid a premium of sixty-five ($0.65) cents per hour for each hour worked. Tier 1 Warehouse Current September 1st, 2022 September 1st, 2023 12 months $23.99 $24.63 $25.37 36 months $27.95 $28.69 $29.55 Tier 2 (Employees hired after June 22nd, 2009) Warehouse Current September 1st, 2022 September 1st, 2023 Start $22.15 $22.74 $23.42 3 months $22.55 $23.15 $23.84 12 months $23.05 $23.66 $24.37 24 months $23.55 $24.17 $24.90 36 months $24.05 $24.69 $25.43 48 months $24.55 $25.20 $25.96 60 months $25.05 $25.71 $26.48 Part-time (Employees hired after June 22nd, 2009) Warehouse Current September 1st, 2022 September 1st, 2023 Start $21.10 $21.66 $22.31 3 months $21.70 $22.28 $22.95 12 months $22.55 $23.15 $23.84
Sample 1
Long-Term Service Premium. Upon the completion of ten (10) years of service with the Company, an employee will be paid a premium of sixty-five ($0.65) cents per hour for each hour worked. Warehouse Current September 1st, 2018 September 1st, 2019 September 1st, 2020 12 months $22.99 $22.99 $23.99 $23.99 36 months $26.95 $26.95 $27.95 $27.95 Tier 2 (Employees hired after June 22nd, 2009) Warehouse Current September 1st, 2018 September 1st, 2019 September 1st, 2020 Start $21.15 $21.15 $22.15 $22.15 3 months $21.55 $21.55 $22.55 $22.55 12 months $22.05 $22.05 $23.05 $23.05 24 months $22.55 $22.55 $23.55 $23.55 36 months $23.05 $23.05 $24.05 $24.05 48 months $23.55 $23.55 $24.55 $24.55 60 months $24.05 $24.05 $25.05 $25.05 Part-time (Employees hired after June 22nd, 2009) Warehouse Current September 1st, 2018 September 1st, 2019 September 1st, 2020 Start $20.10 $20.10 $21.10 $21.10 3 months $20.70 $20.70 $21.70 $21.70 12 months $21.55 $21.55 $22.55 $22.55 Class 1 Drivers Current September 1st, 2018 September 1st, 2019 September 1st, 2020 Start $26.35 $26.35 $27.35 $27.35 3 months $27.65 $27.65 $28.65 $28.65 12 months $28.00 $28.00 $29.00 $29.00 36 months $29.00 $29.00 $30.00 $30.00 48 months $29.50 $29.50 $30.50 $30.50 60 months $29.85 $29.85 $30.85 $30.85 Class 3/5 Drivers Current September 1st, 2018 September 1st, 2019 September 1st, 2020 Start $23.25 $23.25 $24.25 $24.25 3 months $24.30 $24.30 $25.30 $25.30 12 months $24.70 $24.70 $25.70 $25.70 36 months $25.65 $25.65 $26.65 $26.65 48 months $26.30 $26.30 $27.30 $27.30 60 months $26.85 $26.85 $27.85 $27.85
Sample 1
Long-Term Service Premium. Effective April 1, 2018 employees who have or who achieve degrees or diplomas as outlined in Appendix A – 1.02, shall receive a long-term service premium of twenty-eight (28¢) cents per hour after completing five (5) years of service. Effective April 1, 2018 employees who do not have a degree or diploma as outlined in Appendix A – 1.02 shall receive a long-term service premium of twenty-eight (28¢) cents per hour after completing six (6) years of service.
Sample 1
Long-Term Service Premium. Upon the completion of ten (10) years of service with the Company, an employee will be paid a premium of sixty-five cents ($0.65) per hour for each hour worked. Provided available employees are not seeing a reduction in regular weekly hours, the Company may continue to use individuals obtained from a staffing service to perform work not normally performed by bargaining unit employees. Examples of such work include sweeping, unloading trucks, painting, etc.
Sample 1

Related to Long-Term Service Premium

  • Service Pay ‌ All regular employees shall be granted service pay in the amount of ten cents (10c/ ) per calendar day for each five (5) years of continuous service completed. After the first five (5) years of service, ten cents (10c/ ); after five (5) further years of service, an additional ten cents (10c/ ); and a like increase for each additional five (5) years of service completed.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Compensation Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long Term Leave Any employee who declines a reappointment as a Teaching Assistant in order to interrupt his/her program of graduate study for a period not to exceed one (1) year will not jeopardize his/her consideration for reappointment under Article l3.03.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

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