Common use of Longevity Schedule Clause in Contracts

Longevity Schedule. Effective July 1, 2012, Officers will be granted longevity payment, in addition to established salary, as follows: After 10 years $ 800 After 15 years $1,000 After 20 years $1,200 After 25 years $1,500 Longevity payments shall be made in a lump sum at the end of the first payroll period after each officer’s anniversary date. An employee who for any reason terminates employment with the City prior to the employee’s eligible anniversary date shall receive longevity pay on a prorated time basis for the calendar months served.

Appears in 1 contract

Samples: Agreement

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Longevity Schedule. Effective July 1, 2012, Officers officers will be granted longevity payment, payments in addition to established salary, as follows: After 10 years $ 800 After $1,000 15 years $1,000 After 1,200 20 years $1,200 After 1,500 25 years $1,500 2,000 Longevity payments shall be made in a lump sum at the end of the first payroll period after each officer’s anniversary date. An employee who for any reason terminates employment with the City prior to the employee’s eligible anniversary date shall receive longevity pay on a prorated time basis for the calendar months served.

Appears in 1 contract

Samples: Agreement

Longevity Schedule. Effective July 1, 2012, Officers officers will be granted longevity payment, payments in addition to established salary, as follows: After 10 years $ $800 After 15 years $1,000 1000 After 20 years $1,200 After 25 years $1,500 1200 Longevity payments shall be made in a lump sum at the end of the first payroll period after each officer’s anniversary date. An employee who for any reason terminates employment with the City prior to the employee’s eligible anniversary date shall receive longevity pay on a prorated time basis for the calendar months served.

Appears in 1 contract

Samples: Agreement

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Longevity Schedule. Effective July 1, 2012, Officers officers will be granted longevity payment, payments in addition to established salary, as follows: After 10 years $ $800 After 15 years $1,000 After 20 years $1,200 After 25 years $1,500 Longevity payments shall be made in a lump sum at the end of the first payroll period after each officer’s anniversary date. An employee who for any reason terminates employment with the City prior to the employee’s eligible anniversary date shall receive longevity pay on a prorated time basis for the calendar months served.

Appears in 1 contract

Samples: Agreement

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