Longevity Bonus Payment. At the time of retirement, bargaining-unit members shall be entitled to a longevity bonus payment in the amount of l.5 day's pay for each year of service, including all paid leaves.
Longevity Bonus Payment Sample Clauses
Related to Longevity Bonus Payment
Longevity Bonus Effective 2005, twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700.00) per year, payable in one lump sum by the second pay period following the employee's anniversary date.
