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%).
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Samples: Memorandum of Understanding, 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 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
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