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Longevity Bonus Sample Clauses

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.
Longevity Bonus. A. Upon completion of the following years of employment, Employer shall pay eligible employees an annual longevity bonus, the amounts which follow: After 5 through 9 years service 1.0% of annual salary on anniversary date After 10 through 14 years service 1.5% of annual salary on anniversary date After 15 through 19 years service 2.0% of annual salary on anniversary date After 20+ years service 2.5% of annual salary on anniversary date B. The above longevity bonus will be considered earned as of the anniversary date of employment. In the event that an eligible employee terminates employment for any reason prior to the date the above longevity bonus is earned, the employee shall receive a longevity bonus in a prorated amount, which is computed as follows: The number of months between the employee's anniversary date and termination date shall be divided by twelve (12), and the result multiplied with the appropriate annual longevity bonus. The longevity bonus may be paid in the month of or the month following the employee’s anniversary date. C. The longevity bonus shall be based upon continuous employment, exclusive of those periods wherein an employee is placed upon a leave without pay status; provided, when an employee is laid off and rehired, and the separation does not exceed twelve (12) months, the longevity bonus shall be computed from the employee’s most recent continuous service date excluding the lay-off period; provided further, when an employee separates from employment and is subsequently rehired, the longevity bonus shall be computed from the date of re- employment; except the longevity bonus shall be computed from the date of employee’s most recent continuous service date excluding the period of separation, if the period of separation does not exceed thirty (30) days. D. Regular full-time or part-time employees hired on or after January 1, 2014 shall not be eligible for the longevity bonus. None of the provisions contained in this article shall apply to employees hired on or after January 1, 2014.‌
Longevity BonusUpon retirement, Unit Members will be compensated with a longevity bonus for years of service in the District: 20 – 24 years $2,000 25 – 29 years $2,500 30 or more years $3,000
Longevity Bonus. After three years of employment, employees shall receive a retention bonus of three hundred dollars ($300) on the payday following their anniversary date. After 5 years of employment, employees shall receive a retention bonus of five hundred dollars ($500) on the payday following their anniversary date. After 10 years of employment, employees shall receive a retention bonus of seven hundred and fifty dollars ($750) on the payday following their anniversary date. After 20 years of employment, employees shall receive a retention bonus of one thousand dollars ($1,000) on the payday following their anniversary date.
Longevity Bonus. The Longevity Bonuses in effect on April 1, 2010, shall remain in effect except as modified below. (a) Effective April 1, 2017, an employee who has at least 20 years of continuous service in the Unified Court System and who has served the equivalent of 120 workdays in each fiscal year for which eligibility is being determined, shall receive an annual payment of $1,950 (prorated for employees working less than full time at the time of payment) which payment shall not be added to basic annual salary but which shall be pensionable. For the purpose of this Section, a break in continuous service shall not include a leave of absence without pay nor shall it include a resignation followed by re­employment within one year. (b) Effective April 1, 2017, an employee who has at least 25 years of continuous service in the Unified Court System and who has served the equivalent of 120 workdays in each fiscal year for which eligibility is being determined, shall receive an annual payment of $2,050 (prorated for employees working less than full time at the time of payment) which payment shall not be added to basic annual salary but which shall be pensionable. For the purpose of this Section, a break in continuous service shall not include a leave of absence without pay nor shall it include a resignation followed by re­employment within one year. (c) Effective April 1, 2017, an employee who has at least 30 years of continuous service in the Unified Court System and who has served the equivalent of 120 workdays in each fiscal year for which eligibility is being determined, shall receive an annual payment of $2,150 (prorated for employees working less than full time at the time of payment) which payment shall not be added to basic annual salary but which shall be pensionable. For the purpose of this Section, a break in continuous service shall not include a leave of absence without pay nor shall it include a resignation followed by re­employment within one year. (d) Effective April 1, 2018, an employee who has at least 20 years of continuous service in the Unified Court System and who has served the equivalent of 120 workdays in each fiscal year for which eligibility is being determined, shall receive an annual payment of $2,000 (prorated for employees working less than full time at the time of payment) which payment shall not be added to basic annual salary but which shall be pensionable. For the purpose of this Section, a break in continuous service shall not include a leav...
Longevity BonusEmployees with fifteen (15) years of continuous full-time service shall receive a longevity bonus on their anniversary date and each year thereafter. Deferment for authorized leave of absence shall be deductible and not considered as a break in service. The annual longevity bonus payments will be in accordance with the following schedule: Years of Completed Full-Time Continuous Percentage Payment County Service of Base Salary 15 1.5% 16 1.6% 17 1.7% 18 1.8% 19 1.9% 20 2.0% 21 2.1% 22 2.2% 23 2.3% 24 2.4% 25 2.5% 26 ` 2.6% 27 2.7% 28 2.8% 29 2.9% 30 3.0% 31 3.1% 32 3.2% 33 3.3% 34 3.4% 35 or more 3.5%
Longevity Bonus. After completion of a minimum of twenty (20) years of employment in U.S.D. No. 108, and upon resigning their current teaching position, a teacher shall be eligible to receive payment for up to one-half of unused, accumulated sick leave days (if teacher is employed in either U.S.D. No. 221 or U.S.D. No. 222 during the 2005-2006 school year, the years accumulated in that district will count towards total for years of employment). Said teacher(s) will be reimbursed for up to one-half of any unused accumulated sick leave days at the substitute teacher pay rate. Payments for accumulated sick leave shall be paid to the teacher by June 30th of the year in which the teacher resigns. (Negotiated and agreed to in 2018)
Longevity Bonus. A. An annual longevity bonus will be paid to benefit eligible pharmacists who have reached 15 or more years of longevity credit based on the following criteria: (1) Hired before January 1, 2003: the longevity credit equals experience credit granted at date of hire, plus years worked since date of hire in current bargaining unit pharmacist position. (2) Hired on or after January 1, 2003: the longevity credit equals continuous years of service at Allina as a bargaining unit pharmacist. Experience credit is not applicable to longevity credit in this scenario. (3) Non-benefit eligible pharmacists: years of service will be credited towards eligibility for the longevity bonus in the event the employee later becomes benefit eligible. B. Methodology and timing of longevity bonus: (1) 15 – 19 years of longevity credit Bonus equals: [FTE* x 2080] x .75% x hourly rate of pay (2) 20 – 24 years of longevity credit Bonus equals: [FTE* x 2080] x 1.5% x hourly rate of pay (3) 25 plus years of longevity credit Bonus equals: [FTE* x 2080] x 2.0% x hourly rate of pay * FTE appointment at anniversary date
Longevity BonusEmployees with at least fifteen (15) years of continuous service with MainePERS, but less than twenty (20) years, shall receive longevity pay of thirty cents ($.30) per hour of base compensation. Employees with at least twenty (20) years but less than twenty-five (25) years of continuous service with MainePERS shall receive longevity pay of forty cents ($.40) per hour of base compensation. Employees with at least twenty-five (25) years of continuous service with MainePERS shall receive longevity pay of fifty cents ($.50) per hour of base compensation. For purposes of this Article, continuous service with MainePERS shall include State service performed by former State employees who have "Transferred Employee" status (as defined in the Agreement Definitions Article) and State service performed by former State employees who have moved or move directly from State service to employment at MainePERS by June 30, 1995. For purposes of this Article, an authorized leave of absence of less than six (6) months shall not constitute a break in continuous service.