Longevity Compensation. Effective August 1, 2017, each employee shall receive additional bi-weekly compensation at the rates and for the service periods set forth in the following table: % Payment Years of Continuous Service 5% of base salary Over 10 years to 20 years 10% of base salary Over 20 years For the purpose of this provision, service means service in any position and/or positions covered by this Agreement.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Longevity Compensation. Effective August 1, 2017, each Each employee shall receive additional bi-weekly monthly compensation at the rates and for the service periods set forth in the following table: % Payment Years of Continuous Service 52.7% of base salary Over 5 years to 10 years 7% of base salary Over 10 years to 20 15 years 1011.1% of base salary Over 15 years 14% of base salary Over 20 years For the purpose of this provision, service means service in any position and/or positions position(s) covered by this Agreement.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Longevity Compensation. Effective August 1, 2017, each Each employee shall receive additional bi-weekly compensation at the rates and for the service periods set forth in the following table: % Payment Years of Continuous Service 5% of base salary Over 10 years to 20 years 10% of base salary Over 20 years For the purpose of this provision, service means service in any position and/or positions covered by this Agreement.
Appears in 1 contract
Samples: Memorandum of Understanding
