Common use of Longevity Pay Clause in Contracts

Longevity Pay. Employees with continuous service, including temporary, part-time, and/or full-time service, totaling 10 years shall receive a salary increase of 2.5% over and above their regular hourly rate. Employees with such continuous service totaling the equivalent of 15 years shall receive an additional salary increase of 2.5% over and above their regular hourly rate and the 2.5% longevity pay granted for their service over 10 years.

Appears in 11 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

AutoNDA by SimpleDocs

Longevity Pay. Employees with continuous service, including temporary, part-time, and/or full-time service, service totaling 10 years shall receive a salary increase of 2.5% over and above their regular hourly rate. Employees with such continuous service totaling the equivalent of 15 years shall receive an additional salary increase of 2.5% over and above their regular hourly rate and the 2.5% longevity pay granted for their service over 10 years.

Appears in 6 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

AutoNDA by SimpleDocs

Longevity Pay. Employees with continuous who complete ten (10) years of service shall be granted a one percent (1%) pay increase in addition to their normal hourly rate of pay; an additional one percent (1%) pay increase after completion of fifteen (15) years of service, including temporary, part-time, and/or full-time service, totaling 10 ; and an additional one percent (1%) for 20 years shall receive of service after completion of twenty (20) years of service (for a salary increase maximum total of 2.5% over and above three percent (3%) for 20 years of service in addition to their regular hourly rate. Employees with such continuous service totaling the equivalent of 15 years shall receive an additional salary increase of 2.5% over and above their regular hourly rate and the 2.5% longevity pay granted for their service over 10 years).

Appears in 1 contract

Samples: Collective Bargaining Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!