Common use of - Longevity - C and M Clause in Contracts

- Longevity - C and M. Employees, in addition to their regular pay or any pay increases that may be provided, shall receive an additional four dollars and fifty cents ($4.50) per week beginning with the first pay day after the completion of the 5th year of service and thereafter, after each five (5) years of service. Such longevity pay increases shall be included in the weekly pay of the employees. There shall be six (6) such adjustments of two dollars and twenty five cents ($2.25), with the final longevity pay increase occurring on the completion of thirty (30) years of service. Any employee hired prior to the signing of this 2007–2010 Agreement shall, in addition to his/her regular pay or any pay increases, receive an additional two dollars and twenty five cents ($2.25) per week beginning with the first payday of the 13th month until the completion of the 5th year of service. Thereafter he/she shall receive longevity at the same rate as other employees. Employees who receive longevity pay shall receive a separate check of $150.00 payable on the pay day prior to December 25, 1999 and annually thereafter on the pay day prior to December 25th in a separate check. Anyone hired after July 1, 2014 will not receive the longevity benefit.

Appears in 2 contracts

Samples: resources.finalsite.net, p16cdn4static.sharpschool.com

AutoNDA by SimpleDocs

- Longevity - C and M. Employees, in addition to their regular pay or any pay increases that may be provided, shall receive an additional four dollars and fifty cents ($4.50) per week beginning with the first pay day after the completion of the 5th year of service and thereafter, after each five (5) years of service. Such longevity pay increases shall be included in the weekly pay of the employees. There shall be six (6) such adjustments of two dollars and twenty five cents ($2.25), with the final longevity pay increase occurring on the completion of thirty (30) years of service. Any employee hired prior to the signing of this 2007–2010 Agreement shall, in addition to his/her regular pay or any pay increases, receive an additional two dollars and twenty five cents ($2.25) per week beginning with the first payday of the 13th month until the completion of the 5th year of service. Thereafter he/she shall receive longevity at the same rate as other employees. Employees Effective July 1, 1999, employees who receive longevity pay shall receive a separate check of $150.00 payable on the pay day prior to December 25, 1999 and annually thereafter on the pay day prior to December 25th in a separate check. Anyone hired after July 1, 2014 will not receive the longevity benefit.

Appears in 2 contracts

Samples: www.torrington.org, p16cdn4static.sharpschool.com

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!