Longevity Bonus. A. At the start of the following years of employment, Employer shall pay eligible employees a longevity bonus. This longevity bonus shall be paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment as follows: 5th through 9th years’ service 1.0% of base hourly rate 10th through 14th years’ service 1.5% of base hourly rate 15th through 19th years’ service 2.0% of base hourly rate 20th+ year service 2.5% of base hourly rate In order to implement the transition from annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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. B. 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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Longevity Bonus. A. At the start 1. Upon completion of the following years of employment, Employer shall pay eligible employees a hired on or before January 1, 1998, an annual longevity bonus. This longevity , the amounts which follow, at the pay period which follows the anniversary date of employment: After 5 through 9 years service 1.5% of annual salary on anniversary date After 10 through 14 years service 2% of annual salary on anniversary date After 15 through 19 years service 2.5% of annual salary on anniversary date After 20+ years service 3% of annual salary on anniversary date Longevity bonus pay for employees hired after January 1, 1998, and prior to January 1, 2014, shall be paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment as follows: 5th After 5 through 9th years’ 9 years service 1.0% of base hourly rate 10th annual salary on anniversary date After 10 through 14th years’ 14 years service 1.5% of base hourly rate 15th annual salary on anniversary date After 15 through 19th years’ 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
2. In order to implement the transition from event that an eligible employee terminates employment for any reason, the employee shall receive a longevity bonus in a pro-rated amount, which is computed as follows: The number of months between the employee's anniversary date and termination date shall be divided by twelve, and the result multiplied with the appropriate annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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.
B. 3. 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.
4. 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 Section C above shall apply to these employees, effective January 1, 2014.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Longevity Bonus. A. At the start Upon completion of the following years of employment, Employer shall pay eligible employees a an annual longevity bonus. This longevity bonus shall be paid to each employee in each pay period. The longevity amount is paid based on , the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment as followsamounts which follow: 5th After 5 through 9th years’ 9 years service 1.0% of base hourly rate 10th annual salary on anniversary date After 10 through 14th years’ 14 years service 1.5% of base hourly rate 15th annual salary on anniversary date After 15 through 19th years’ 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
B. The above longevity bonus will be considered earned as of the anniversary date of employment. In order the event that an eligible employee terminates employment for any reason prior to implement the transition from 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 to bonus. The longevity included bonus may be paid in the month of or the month following the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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, 2014anniversary date.
B. 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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Longevity Bonus. A. At the start Upon completion of the following years of employment, Employer shall pay eligible employees a an annual longevity bonus. This longevity bonus shall be paid to each employee in each pay period. The longevity amount is paid based on , the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment as followsamounts which follow: 5th After 5 through 9th years’ 9 years service 1.0% of base hourly rate 10th annual salary on anniversary date After 10 through 14th years’ 14 years service 1.5% of base hourly rate 15th annual salary on anniversary date After 15 through 19th years’ 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
B. The above longevity bonus will be considered earned as of the anniversary date of employment. In order the event that an eligible employee terminates employment for any reason prior to implement the transition from 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 to bonus. The longevity included bonus may be paid in the month of or the month following the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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, 2014anniversary date.
B. 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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Longevity Bonus. A. At the start 1. Upon completion of the following years of employment, Employer shall pay eligible employees a hired on or before January 1, 1998 an annual longevity bonus, the amounts which follow, at the pay period which follows the anniversary date of employment: After 5 thru 9 years service 1.5% of annual salary on anniversary date. This longevity After 10 thru 14 years service 2.0% of annual salary on anniversary date. After 15 thru 19 years service 2.5% of annual salary on anniversary date. 20+ years service 3.0% of annual salary on anniversary date. Longevity bonus pay for employees hired after January 1, 1998, shall be paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment earned as follows: 5th through 9th years’ After 5 thru 9 years service 1.0% of base hourly rate 10th through 14th years’ annual salary on anniversary date After 10 thru 14 years service 1.5% of base hourly rate 15th through 19th years’ annual salary on anniversary date After 15 thru 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
2. In order to implement the transition from event that an eligible employee terminates employment for any reason, 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, and the result multiplied with the appropriate annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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.
B. 3. 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- re-employment; except the longevity bonus shall be computed from the date of employee’s most recent continuous service date excluding the period of separationservice, if the period of separation does not exceed thirty (30) days, excluding the time of separation.
4. Regular full-time or part-time employees hired on or after January 1, 2013, shall not be eligible for the longevity bonus. None of the provisions contained in this section shall apply to these employees.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Longevity Bonus. A. At the start 1. Upon completion of the following years of employment, Employer shall pay eligible employees a hired on or before January 1, 1998 an annual longevity bonus, the amounts which follow, at the pay period which follows the anniversary date of employment: After 5 thru 9 years service 1.5% of annual salary on anniversary date. This longevity After 10 thru 14 years service 2.0% of annual salary on anniversary date. After 15 thru 19 years service 2.5% of annual salary on anniversary date. 20+ years service 3.0% of annual salary on anniversary date. Longevity bonus pay for employees hired after January 1, 1998, shall be paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment earned as follows: 5th through 9th years’ After 5 thru 9 years service 1.0% of base hourly rate 10th through 14th years’ annual salary on anniversary date After 10 thru 14 years service 1.5% of base hourly rate 15th through 19th years’ annual salary on anniversary date After 15 thru 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
2. In order to implement the transition from event that an eligible employee terminates employment for any reason, 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, and the result multiplied with the appropriate annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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.
B. 3. 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- re-employment; except the longevity bonus shall be computed from the date of employee’s most recent continuous service date excluding the period of separationservice, if the period of separation does not exceed thirty (30) days, excluding the time of separation.
4. Regular full-time or part-time employees hired on or after January 1, 2013, shall not be eligible for the longevity bonus. None of the provisions contained in Section C above shall apply to these employees, effective January 1, 2013.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Longevity Bonus. A. At the start 1. Upon completion of the following years of employment, Employer shall pay eligible employees a hired on or before January 1, 1998, an annual longevity bonus. This longevity , the amounts which follow, at the pay period which follows the anniversary date of employment: After 5 through 9 years service 1.5% of annual salary on anniversary date After 10 through 14 years service 2% of annual salary on anniversary date After 15 through 19 years service 2.5% of annual salary on anniversary date After 20+ years service 3% of annual salary on anniversary date Longevity bonus pay for employees hired after January 1, 1998, and prior to January 1, 2014, shall be paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment as follows: 5th After 5 through 9th years’ 9 years service 1.0% of base hourly rate 10th annual salary on anniversary date After 10 through 14th years’ 14 years service 1.5% of base hourly rate 15th annual salary on anniversary date After 15 through 19th years’ 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
2. In order to implement the transition from event that an eligible employee terminates employment for any reason, the employee shall receive a longevity bonus in a pro-rated amount, which is computed as follows: The number of months between the employee's anniversary date and termination date shall be divided by twelve, and the result multiplied with the appropriate annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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.
B. 3. 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.
4. 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 sectionshall apply to these employees.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Longevity Bonus. A. At All regular full time employees covered hereby shall be entitled to receive a longevity bonus for length of service with the start of City according to the following years rules and schedule of employment, Employer shall pay eligible employees a longevity bonus. This longevity payment:
A. Longevity bonus shall be computed as a percentage of employees’ regular annual base salary or wage. Base salary or wage shall be that salary or wage which an employee is being paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and first regularly scheduled pay period of the fiscal year in which a longevity bonus is paid out based on the base hourly rate at the time of payment as follows: 5th through 9th years’ service 1.0% of base hourly rate 10th through 14th years’ service 1.5% of base hourly rate 15th through 19th years’ service 2.0% of base hourly rate 20th+ year service 2.5% of base hourly rate In order to implement the transition from annual longevity to longevity included in the employee’s hourly rate of due. Base salary or wage shall not include overtime pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevitypremium pay or uniform allowance. 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.
B. The longevity Longevity bonus shall be based upon on full time, continuous employmentservice.
B. Following completion of five (5) years of continuous full time service by October 1 of any year and continuing in subsequent years of such service, exclusive of those periods wherein each employee shall receive annual longevity payments as provided in the schedule.
C. To be eligible for longevity payment subsequent to the first payment, an employee is placed upon must have completed continuous full time service equal to the service required for original eligibility plus a leave without pay status; providedminimum of one additional year of such service for each payment, when excepting that employees who retire between October 1st dates shall be eligible for a pro-rated payment as outlined under Subsection F below.
D. Payments to employees who become eligible by October 1 of any year shall be due the subsequent December 1.
E. Longevity Bonus Schedule: Continuous Service Annual Bonus 5 or more and less than 10 years 2% of annual wage 10 or more and less than 15 years 4% of annual wage 15 or more and less than 20 years 6% of annual wage 20 or more and less than 25 years 8% of annual wage 25 or more years 10% of annual wage
F. Employees who are eligible for longevity bonus payments and who retire on a service or disability retirement basis shall be paid a pro-rated longevity bonus. Such pro-rated payment shall be based on the number of calendar months of full time service credited to 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 preceding October to the date of re- employment; except retirement. An employee whose service with the City terminates for any reason, including retirement, between October 1 and December 1 of any year, shall be paid longevity bonus immediately upon termination or retirement. No longevity payment as above scheduled shall be computed from the date made for that portion of an employee’s most recent continuous service date excluding the period 's regular salary or wage which is in excess of separation, if the period of separation does not exceed thirty twenty five thousand dollars (30) days$25,000).
Appears in 1 contract
Samples: Collective Bargaining Agreement
Longevity Bonus. A. At the start 21.1. All employees hired prior to January 1, 2014, shall, upon completion of the following years of employment, Employer shall pay eligible employees a receive an annual longevity bonus. This longevity bonus shall be paid to each employee in each , the amounts which follow, on the second (2nd) pay period. The longevity amount is paid based on period of the employee’s continuous service date and is paid out based on the base hourly rate at the time anniversary month of payment as followsemployment: 5th through 9th years’ service 1.0% of base hourly rate 10th through 14th years’ After 5 thru 10 years service 1.5% of base hourly rate 15th through 19th years’ annual salary After 10 thru 15 years service 2.0% of base hourly rate 20th+ year annual salary After 15 thru 20 years service 2.5% of base hourly rate annual salary 21+ years service 3.0% of annual salary
21.2. In order to implement the transition from event that an eligible employee terminates employment for any reason, 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, and the result multiplied with the appropriate annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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.
B. 21.3. 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, rehired the longevity bonus shall be computed from the date of re- re-employment; except except, the longevity bonus shall be computed from the date of employee’s most recent continuous service date date, excluding the period of separation, if the period of separation does not exceed thirty (30) days. During the employee’s first year of re-hire, she/he shall receive a longevity bonus prorated based upon the service time completed from the date of rehire to their adjusted service date.
21.4. 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 those employees, effective January 1, 2014.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Longevity Bonus. A. At the start
1. Upon completion of the following years of employment, Employer shall pay eligible employees a hired on or before January 1, 1998, an annual longevity bonus. This longevity , the amounts which follow, at the pay period which follows the anniversary date of employment: After 5 through 9 years service 1.5% of annual salary on anniversary date After 10 through 14 years service 2% of annual salary on anniversary date After 15 through 19 years service 2.5% of annual salary on anniversary date After 20+ years service 3% of annual salary on anniversary date Longevity bonus pay for employees hired after January 1, 1998, and prior to January 1, 2014, shall be paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment as follows: 5th After 5 through 9th years’ 9 years service 1.0% of base hourly rate 10th annual salary on anniversary date After 10 through 14th years’ 14 years service 1.5% of base hourly rate 15th annual salary on anniversary date After 15 through 19th years’ 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
2. In order to implement the transition from event that an eligible employee terminates employment for any reason, the employee shall receive a longevity bonus in a pro-rated amount, which is computed as follows: The number of months between the employee's anniversary date and termination date shall be divided by twelve, and the result multiplied with the appropriate annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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.
B. 3. 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.
4. 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 sectionshall apply to these employees.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Longevity Bonus. A. At the start Upon completion of the following years of employment, Employer shall pay eligible employees a hired on or before January 1, 1998, an annual longevity bonus, the amounts which follow, at the pay period which follows the anniversary date of employment. This longevity After 5 through 9 years service 1.5% of annual salary on anniversary date After 10 through 14 years service 2.0% of annual salary on anniversary date After 15 through 19 years service 2.5% of annual salary on anniversary date After 20+ years service… 3.0% of annual salary on anniversary date
B. Longevity bonus pay for employees hired after January 1, 1998, shall be paid to each employee in each pay period. The longevity amount is paid based on the employee’s continuous service date and is paid out based on the base hourly rate at the time of payment as follows: 5th After 5 through 9th years’ 9 years service 1.0% of base hourly rate 10th annual salary on anniversary date After 10 through 14th years’ 14 years service 1.5% of base hourly rate 15th annual salary on anniversary date After 15 through 19th years’ 19 years service 2.0% of base hourly rate 20th+ year annual salary on anniversary date After 20+ years service 2.5% of base hourly rate annual salary on anniversary date
C. In order to implement the transition from annual event that an eligible employee terminates employment for any reason, the employee shall receive a longevity to longevity included bonus in a prorated amount, which is computed as follows: The number of months between the employee’s hourly rate of payanniversary date and termination date shall be divided by twelve, employees owed and the result multiplied with the appropriate annual longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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, 2014bonus percentage.
B. D. The longevity bonus shall be based upon continuous employment, exclusive of those periods wherein an employee is placed upon in a leave without pay status; providedProvided, 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 layoff period; provided 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.
E. Employees hired on, or after, January 1, 2015 shall not be eligible for the Longevity Bonus and none of the provisions contained in this Section 22 shall apply to these employees.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Longevity Bonus. A. At the start All employees hired prior to January 1, 2014, shall, upon completion of the following years of employment, Employer shall pay eligible employees a receive an annual longevity bonus. This longevity bonus shall be paid to each employee in each , the amounts which follow, on the second (2nd) pay period. The longevity amount is paid based on period of the employee’s continuous service date and is paid out based on the base hourly rate at the time anniversary month of payment as followsemployment: 5th through 9th years’ service 1.0% of base hourly rate 10th through 14th years’ After 5 thru 10 years service 1.5% of base hourly rate 15th through 19th years’ annual salary After 10 thru 15 years service 2.0% of base hourly rate 20th+ year annual salary After 15 thru 20 years service 2.5% of base hourly rate annual salary 21+ years service 3.0% of annual salary
B. In order to implement the transition from event that an eligible employee terminates employment for any reason, 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, and the result multiplied with the appropriate annual longevity to longevity included in the employee’s hourly rate of pay, employees owed longevity from their last longevity date through the date the hourly longevity is effective, will receive a lump sum equivalent payment no later than two (2) payroll cycles after implementation of the hourly longevity. 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.
B. 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, rehired the longevity bonus shall be computed from the date of re- re-employment; except except, the longevity bonus shall be computed from the date of employee’s most recent continuous service date date, excluding the period of separation, if the period of separation does not exceed thirty (30) days. During the employee’s first year of re-hire, she/he shall receive a longevity bonus prorated based upon the service time completed from the date of rehire to their adjusted service date.
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 those employees.
Appears in 1 contract
Samples: Collective Bargaining Agreement