Common use of Longevity Incentive Clause in Contracts

Longevity Incentive. 3.3.1 To encourage and reward employee longevity, the City will provide the following longevity incentives upon employee permanent status anniversary date: • Completion of five (5) years of service to the City of Xxxxx: three percent (3%) of Base Salary. • Completion of ten (10) years of service to the City of Xxxxx: three percent (3%) of Base Salary. • Completion of fifteen (15) years of service to the City of Xxxxx: four percent (4%) of Base Salary. 3.3.2 The incentives are cumulative, not compounded, and cannot exceed ten percent (10%).

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Longevity Incentive. 3.3.1 To encourage and reward employee longevity, the City will provide the following longevity incentives upon employee permanent status anniversary date: Completion of five seven (57) years of service to the City of XxxxxDixon: three two percent (32%) of Base Salary. • base pay Completion of ten eleven (1011) years of service to the City of XxxxxDixon: three two percent (32%) of Base Salary. • base pay Completion of fifteen (15) years of service to the City of XxxxxDixon: four three percent (43%) of Base Salary.base pay Completion of twenty (20) years of service to the City of Xxxxx: one percent (1%) of base pay 3.3.2 The incentives are cumulative, not compounded, and cannot exceed ten eight percent (108%).

Appears in 1 contract

Samples: Memorandum of Understanding

Longevity Incentive. 3.3.1 To encourage and reward employee longevity, the City will provide the following longevity incentives upon employee permanent status anniversary date: • Completion of five (5) years of service to the City of XxxxxDixon: three percent (3%) of Base Salary. • Completion of ten (10) years of service to the City of XxxxxDixon: three percent (3%) of Base Salary. • Completion of fifteen (15) years of service to the City of XxxxxDixon: four percent (4%) of Base Salary. 3.3.2 The incentives are cumulative, not compounded, and cannot exceed ten percent (10%).

Appears in 1 contract

Samples: Memorandum of Understanding

Longevity Incentive. 3.3.1 To encourage and reward employee longevity, the City will provide the following longevity incentives upon employee permanent status anniversary date: Completion of five seven (57) years of service to the City of Xxxxx: two percent (2%) of base pay Completion of eleven (11) years of service to the City of Xxxxx: two percent (2%) of base pay Completion of fifteen (15) years of service to the City of Xxxxx: three percent (3%) of Base Salary. • base pay Completion of ten twenty (1020) years of service to the City of Xxxxx: three one percent (31%) of Base Salary. • Completion of fifteen (15) years of service to the City of Xxxxx: four percent (4%) of Base Salary.base pay 3.3.2 The incentives are cumulative, not compounded, and cannot exceed ten eight percent (108%).

Appears in 1 contract

Samples: Memorandum of Understanding

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Longevity Incentive. 3.3.1 To encourage and reward employee longevity, the City will provide the following longevity incentives upon employee permanent status anniversary date: • Completion of five (5) years of service to the City of Xxxxx: three percent (3%) of Base Salarybase pay. • Completion of ten (10) years of service to the City of Xxxxx: three percent (3%) of Base Salarybase pay. • Completion of fifteen (15) years of service to the City of Xxxxx: four percent (4%) of Base Salarybase pay. 3.3.2 The incentives are cumulative, not compounded, and cannot exceed ten percent (10%).

Appears in 1 contract

Samples: Memorandum of Understanding

Longevity Incentive. 3.3.1 To encourage and reward employee longevity, the City will provide the following longevity incentives upon employee permanent status anniversary date: • Completion of five (5) years of service to the City of Xxxxx: three percent (3%) of Base Salarybase pay. • Completion of ten (10) years of service to the City of Xxxxx: three percent (3%) of Base Salarybase pay. • Completion of fifteen (15) years of service to the City of XxxxxDixon: four percent (4%) of Base Salarybase pay. 3.3.2 The incentives are cumulative, not compounded, and cannot exceed ten percent (10%).

Appears in 1 contract

Samples: Memorandum of Understanding

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