Longevity Incentive Pay Sample Clauses

Longevity Incentive Pay. Effective July 1, 2021, employees shall receive Longevity Incentive Pay based upon their years of service with the Issaquah Police Department. Longevity Incentive Pay shall be as follows (as a percentage of base pay): After 5th year: 3% After 10th year: 4.5% After 15th year: 5.5% After 20th year: 6.5% After 25th year: 8% APPENDIX B: DRUG & ALCOHOL TESTING
Sample 1Sample 2
AutoNDA by SimpleDocs
Longevity Incentive Pay. The University will adjust a Local 6070 bargaining unit members base rate of pay for the following years of staff service for the University, with a cap of one retroactive step if the milestone year was reached prior to this agreement for current staff. Local 6070 bargaining unit members at the top step of the salary schedule are ineligible for the step increase for this incentive. ● 5 years – 1 step increase on anniversary date ● 10 years – 1 step increase on anniversary date ● 15 years – 1 step increase on anniversary date ● 20 years – 1 step increase on anniversary date ● 25 years – 1 step increase on anniversary date ● 30 years – 1 step increase on anniversary date
Sample 1Sample 2
Longevity Incentive Pay. 29.2.2.1. Employees who have ten (10) years of uninterrupted continuous County service shall be eligible for an increase in compensation of ten (10) salary ranges (approximately 5%), effective the first pay period following completion of the ten years.
Sample 1
Longevity Incentive Pay. Effective July 1, 2023, employees with ten (10) years of service with the City shall be eligible for two- and one-half percent (2.5%) Longevity Incentive Pay.
Sample 1
Longevity Incentive Pay. Employees shall be compensated for their time in service with the District at the following rates:
Sample 1
Longevity Incentive Pay. Beginning January 1, 2021, the Service Pay referenced in A.10 will be replaced with Longevity Premium Pay as follows (as a percentage of base pay): After 5th year: 3% After 10th year: 4.5% After 15th year: 5.5% After 20th year: 6.5% After 25th year: 8%
Sample 1
Longevity Incentive Pay a) Effective July 1, 2018, employees shall be eligible for Longevity Incentive Pay for the following years of service
Sample 1
AutoNDA by SimpleDocs
Longevity Incentive Pay. An employee who has ten (10) years of uninterrupted continuous County or Court service shall be eligible for an increase in compensation of 5%. Employees with twenty (20) years uninterrupted continuous County or Court service shall be eligible for an increase in compensation of 5%. Effective November 16, 2015, employees with twenty-five (25) years uninterrupted continuous County or Court Service shall be eligible for an increase in compensation of 5%. Longevity is a cumulative benefit calculated on an employee’s base wage and any prior longevity. Longevity calculations shall be counted from the initial date of probationary appointment (preparatory to a Regular appointment), or temporary appointment and there was no break in service, as long as there has been no separation from County or Court service. Time spent in layoff status (prior to the effective date of this MOU), on medical leave or any unpaid leave greater than 30 calendar days shall not count as time worked for longevity calculations. Subsequent to the effective date of this MOU, should an employee be separated from Court employment due to layoff, and then return to Court employment while in layoff status their calculation for longevity purposes shall be based on their initial date of hire into a position prior to the date of layoff minus any time spent on such layoff, medical leave or any unpaid leave greater than 30 calendar days.
Sample 1
Longevity Incentive Pay. The City will provide a one-time lump sum Longevity Incentive Pay (LIP) to all SBEA-MSU on their milestone anniversary (based on permanent hire date) with the City as listed below. LIP shall be paid on the pay date which includes the SBEA-MSU member's anniversary date within the pay period. LIP is not retroactive. Pays under this section will be paid and reported as set forth by CalPERS and its Special Compensation regulations. • 10-year anniversary - $500 • 15-year anniversary - $1,000 • 20-year anniversary - $1,500 • 25-year anniversary - $1,750 • 30-year anniversary - $2,000
Sample 1

Related to Longevity Incentive Pay

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Education Incentive Pay An employee shall be entitled to receive educational incentive pay as follows:

  • Longevity Bonus Upon retirement, Unit Members will be compensated with a longevity bonus for years of service in the District: 20 – 24 years $2,000 25 – 29 years $2,500 30 or more years $3,000

  • Educational Incentive Pay Effective January 1, 2022, the current Education Incentive Differential (EID) rates from the pre-existing salary schedules shall be eliminated and, in their place, the following Educational Incentive Pay program will be applied. The salary schedules contained in Addendum B reflect the new Educational Incentive pay allowances. Upon successful completion of field training and promotion to the rank of Police Officer, an officer who has received or obtains one of the degrees set forth below from an accredited college or university shall receive an annual incentive allowance added to their hourly rate, as follows: • $1,500 for associate’s degree ($0.723/hour) • $3,000 for bachelor’s degree ($1.446/hour) • $4,500 for master’s degree and above ($2.169/hour) Educational incentives are not cumulative, but rather the employee will be entitled to the highest incentive based on the degree(s) obtained. In the event an employee obtains a new or higher degree during employment, the employee will submit to the Department proof of degree attainment. Upon verification and approval by the Department, within thirty (30) days of submission, the employee’s pay will be adjusted effective on the first day of the pay period following the date of submission by the employee. Any current employee with an EID classification will be adjusted to the non-EID rate, but will receive the annual incentive allowance as part of their hourly rate, spread over twenty-six (26) pay periods. The hourly rate will be calculated by dividing the annual educational incentive by 2,074 hours. Educational incentive pay will be included in the regular rate for overtime purposes. In addition, it will be counted as part of the employee’s annual salary for pension purposes, consistent with the prevailing Fire & Police Employees Retirement System regulations, and reflected on the salary schedules.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

Time is Money Join Law Insider Premium to draft better contracts faster.