Longevity Service Pay Sample Clauses

Longevity Service Pay. Each employee covered by this Agreement shall be paid a longevity payment of $300.00 annually upon completion of his/her fifth year of continuous service, an additional $300.00 annually upon completion of his/her tenth year of continuous service, an additional $300.00 annually upon completion of his/her fifteenth year of continuous service, an additional $300.00 annually upon completion of his/her twentieth year of continuous service, and an additional $300.00 annually upon completion of his/her thirtieth year of continuous service. An authorized leave of absence without pay of one year or less shall not result in an interruption of said years of continuous service but shall in no event be used in computation of the said years of continuous ■service as set forth above. The longevity payment provided for in this Article shall be in lump sum payments on or about November 1 of each year.
AutoNDA by SimpleDocs
Longevity Service Pay. A. Employees in the bargaining unit will receive annual longevity payments based on their adjusted hire date according to the following schedule: 5 Years $150 10 Years $250 15 Years $350 20 Years $450 25 Years $550 30 Years $650 B. Method of Payment: Longevity payments shall be applied by adding said payments to the employee's weekly or bi-weekly paychecks, whichever is applicable, in the following manner:
Longevity Service Pay. Employees who have completed the following years of service shall receive the indicated longevity increase: Years of Service 5 $500 10 $600 15 $725 20 $1,200 Such longevity increments shall not be prorated. June 30 shall be the anniversary date for all longevity purposes. Eligible employees will be paid their longevity in a lump sum separate check.
Longevity Service Pay a. It shall be the practice of the Library to reward employees who have made municipal service their career by paying additional compensation for years of service.
Longevity Service Pay. 17.3.1 Each employee shall have added to his annual salary each year, payable on a weekly basis, the following sums after the completion of 5, 10, 15 and 20 years of service: Length of Service Amount 5 years $1,750 10 years $1,950 15 years $2,200 20 years $2,500 Longevity shall be paid on a weekly basis, but it shall not become part of base salary for the purpose of computing future raises, overtime, holiday pay, comp time or other premium pay allowances.
Longevity Service Pay. 1) All full-time employees will be paid longevity service adjustments as follows: Years Payment 6 - 9 $ 1,000 10 - 14 1,200 15 - 19 1,400 20 - 24 1,600 25 - 29 1,800 30+ 2,000 2) Payment shall be made, as close to November 1, of each year as is possible. The payment shall be made in a regular paycheck.
Longevity Service Pay. Each eligible employee shall receive, in addition to his/ her basic salary, a longevity service payment for the first year of : After five (5) continuous years $ 500.00 After ten (10) continuous years $ 800.00 After fifteen (15) continuous years $1100.00 After seventeen (17) continuous years and over $2500.00 For the second year : After five (5) years continuous years $ 700.00 After ten year (10) continuous years $1000.00 After fifteen (15) continuous years $1300.00 After seventeen (17) continuous years $2700.00 For the third year: After five (5) years continuous years $ 900.00 After ten (10) years continuous years $1200.00 After fifteen (15) continuous years $1500.00 After seventeen (17) continuous years $2900.00 Fourth year is the same as the third year. In lieu of adoption of provision 384(e) of the New York State and Local Police and Fire Retirement System. Payments will be made in a lump sum in June of each year. This payment will be treated as income for taxation purposes. In calculating consecutive service for the purpose of longevity pay, resignation, discharge, or other termination of employment of a duration in excess of one (1) year shall be considered as terminating consecutive service. No accumulation of consecutive service shall occur while an employee is on suspension, without pay, if such period is for two (2) weeks or more, or while on authorized leave of absence without pay in excess of one (1) year.
AutoNDA by SimpleDocs
Longevity Service Pay. 1. Effective September 1, 1984 the longevity system shall be as follows: Continuous Years of Service Annual Amount 5 to 9 $ 300 10 to 14 600 15 to 19 900 20 to R 1,200 Payments xxxx be made on or about November 1st each year for those employees who have completed the necessary amount of years in that calendar year. The payment shall be part of the regular paycheck, and a payroll factor shall be used for tax purposes. The above longevity shall apply to full-time regular employees and full-time adjuncts shall receive longevity service credit for continuous full-time service with no breaks.
Longevity Service Pay. 8.3.1 All employees covered by this Agreement who have given five (5) years continuous service based upon anniversary date of employment shall have their hourly rate increased by four percent (4%).
Longevity Service Pay. 13.4.1 Each employee shall receive in addition to his/her base rate of pay, longevity service pay as follows: Years of Continuous Service Amount 5-9 years $900 10-14 years $1,200 15-19 years $1,600 20 + years $1,850 Each employee hired after the ratification of this contract (6/16/16) shall receive in addition to his/her base rate of pay, longevity service pay as follows: Years of Continuous Service Amount 12-16 years $1,200 17-21 years $1,600 22 + years $1,850
Time is Money Join Law Insider Premium to draft better contracts faster.