Common use of Longevity Stipends Clause in Contracts

Longevity Stipends. An annual longevity stipend will be paid to bargaining unit members using the following guidelines. At the completion of: (effective 7/1/03) 10, 11, 12, 13, & 14 years of service said unit member receives $300. 15, 16, 17, 18, & 19 years of service said unit member receives $600. 20 + years of service said unit member receives $900.

Longevity Stipends. An annual longevity stipend will be paid to bargaining unit members using the following guidelines. At the completion of: (effective 7/1/03) 10, 11, 12, 13, & 14 years of service said unit member receives $300450. 15, 16, 17, 18, & 19 years of service said unit member receives $600900. 20 + years of service said unit member receives $9001350.