Longevity Pay/Eligibility Clause Samples
The Longevity Pay/Eligibility clause defines the criteria and process by which employees become eligible for additional compensation based on their length of service with an organization. Typically, this clause outlines the minimum years of continuous employment required to qualify for longevity pay and may specify the incremental increases or schedule for such payments. Its core practical function is to reward employee loyalty and incentivize long-term retention by providing financial recognition for extended service.
Longevity Pay/Eligibility. Full-time employees who have completed three (3) years of service with the Greene County Sheriff's Office shall receive $30.00 per year of service. When an employee's anniversary date occurs prior to November 01 of a payment year, he shall receive full payment. The above payments shall be paid in a lump sum on the first pay day of November each year. For purposes of calculating continuous service, only full years of service shall be used and there will be no pro-ration of years of service.
Longevity Pay/Eligibility. All employees having completed five (5) years of service at any time during the term of this Agreement with the City of Watertown shall receive longevity pay in addition to their regular salary on the following schedule. Longevity pay will be $5.75 per month for each year of service, e.g.: An employee with ten (10) years of service shall receive $57.50 per month longevity pay.