Longevity Schedule. Section 1 An annual longevity bonus shall be paid to each employee for completion of each year of continuous service with the City according to the following non-cumulative schedule: a) five (5) years up to ten (10) years $400 b) ten (10) years up to fifteen (15) years $800 c) fifteen (15) years up to twenty (20) years $1,200 d) twenty (20) yearsto 25 year $1,600 e) twenty five (25) years or more $2,000 Section 2 Longevity bonus payments for all employees shall be calculated and paid annually on the first full pay period in December of each year.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Longevity Schedule. Section 1 An annual longevity bonus shall be paid to each employee for completion of each year of continuous service with the City according to the following non-cumulative schedule:
a) five (5) years up to ten (10) years $400 b) ten (10) years up to fifteen (15) years $800 c) fifteen (15) years up to twenty (20) years $1,200 d) twenty (20) yearsto 25 year $1,600 e) twenty five (25) years or more $2,000 Section 2 Longevity bonus payments for all employees shall be calculated and paid annually on the first full pay period in December of each year.800
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Longevity Schedule. Section 1 An annual longevity bonus shall be paid to each employee for completion of each year of continuous service with the City according to the following non-cumulative schedule:
a) five (5) years up to ten (10) years $400 b) ten (10) years up to fifteen (15) years $800 c) fifteen (15) years up to twenty (20) years $1,200 d) twenty (20) yearsto 25 year $1,600 e) twenty five (25) years or more $2,000 1,600 Section 2 Longevity bonus payments for all employees shall be calculated and paid annually on the first full pay period in December of each year.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement