Common use of LONGEVITY PLAN Clause in Contracts

LONGEVITY PLAN. Long Service employees shall be compensated in the following manner: 1. After ten (10) calendar years service, add $60.00 per month to employee's base monthly salary. 2. After fifteen (15) calendar years service, add $70.00 per month to employee's base monthly salary. 3. After twenty (20) calendar years service, add $80.00 per month to employee's base monthly salary. 4. After twenty-five (25) calendar year’s service, add $90.00per month to employee's base monthly salary. 5. After thirty (30) calendar years service, add $100.00 per month to employee’s base monthly salary. 6. After thirty-five (35) calendar years of service, add $110.00 per month to employee’s base monthly salary. 7. After forty (40) calendar years of service, add $120.00 per month to employee’s base monthly salary.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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LONGEVITY PLAN. Long Service employees shall be compensated in the following manner: 1. After ten (10) calendar years of service, add $60.00 per month to employee's base monthly salary. 2. After fifteen (15) calendar years of service, add $70.00 per month to employee's base monthly salary. 3. After twenty (20) calendar years of service, add $80.00 per month to employee's base monthly salary. 4. After twenty-five (25) calendar year’s years of service, add $90.00per month to employee's base monthly salary. 5. After thirty (30) calendar years of service, add $100.00 per month to employee’s base monthly salary. 6. After thirty-five (35) calendar years of service, add $110.00 per month to employee’s base monthly salary. 7. After forty (40) calendar years of service, add $120.00 per month to employee’s base monthly salary.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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LONGEVITY PLAN. Long Service employees shall be compensated in the following manner: 1. After ten (10) calendar years service, add $60.00 per month to employee's base monthly salary. 2. After fifteen (15) calendar years service, add $70.00 per month to employee's base monthly salary. 3. After twenty (20) calendar years service, add $80.00 per month to employee's base monthly salary. 4. After twenty-five (25) calendar year’s service, add $90.00per month to employee's base monthly salary. 5. After thirty (30) calendar years service, add $100.00 per month to employee’s base monthly salary. 6. After thirty-five (35) calendar years of service, add $110.00 per month to employee’s base monthly salary. 7. After forty (40) calendar years of service, add $120.00 per month to employee’s base monthly salary. Employees working less than eight (8) hours a day will be granted longevity pay prorated on the relationship that the daily hours worked is to eight hours.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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