Common use of Longevity Bonus Clause in Contracts

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. 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. 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. For any current employee who has already met the year milestone above, the bonus of the most recent tenure will be paid the payday following ratification of the contract. For example, a 9-year employee would receive the 5-year bonus of $500.00.