Normal Payments - In General. 25 1. Such longevity pay shall be paid to each eligible employee in 26 January and July of each year and shall normally cover the six 27 (6) months preceding the month in which payment is made. 28 2. Longevity pay for each eligible employee shall be calculated by 29 multiplying the base pay of such employee for the month of 30 January or July next preceding the month in which such 31 longevity pay is to be paid by the number of months intervening 1 from the month preceding the month in which longevity pay 2 was last made to and including the month preceding the month 3 in which payment of longevity pay is to be made. The results 4 thus obtained shall then be multiplied by the applicable 5 percentage rate as shown in the schedule in Section 21.1 and 6 the result shall be the amount of longevity pay to be paid.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Normal Payments - In General. 25 31 1. Such longevity pay shall be paid to each eligible employee in 26 1 January and July of each year and shall normally cover the 2 six 27 (6) months preceding the month in which payment is 3 made.
28 4 2. Longevity pay for each eligible employee shall be calculated 5 by 29 multiplying the base pay of such employee for the month of 30 6 January or July next preceding the month in which such 31 7 longevity pay is to be paid by the number of months 8 intervening 1 from the month preceding the month in which 9 longevity pay 2 was last made to and including the month 10 preceding the month 3 in which payment of longevity pay is to 11 be made. The results 4 thus obtained shall then be multiplied 12 by the applicable 5 percentage rate as shown in the schedule in 13 Section 21.1 and 6 the result shall be the amount of longevity 14 pay to be paid.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Normal Payments - In General. 25 3 1. Such longevity pay shall be paid to each eligible employee in 26 4 January and July of each year and shall normally cover the 5 six 27 (6) months preceding the month in which payment is 6 made.
28 7 2. Longevity pay for each eligible employee shall be calculated 8 by 29 multiplying the base pay of such employee for the month of 30 9 January or July next preceding the month in which such 31 10 longevity pay is to be paid by the number of months 11 intervening 1 from the month preceding the month in which 12 longevity pay 2 was last made to and including the month 13 preceding the month 3 in which payment of longevity pay is to 14 be made. The results 4 thus obtained shall then be multiplied 15 by the applicable 5 percentage rate as shown in the schedule in 16 Section 21.1 and 6 the result shall be the amount of longevity 17 pay to be paid.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Normal Payments - In General. 25 31 1. Such longevity pay shall be paid to each eligible employee in 26 1 January and July of each year and shall normally cover the six 27 2 (6) months preceding the month in which payment is made.
28 3 2. Longevity pay for each eligible employee shall be calculated by 29 4 multiplying the base pay of such employee for the month of 30 5 January or July next preceding the month in which such 31 6 longevity pay is to be paid by the number of months intervening 1 7 from the month preceding the month in which longevity pay 2 8 was last made to and including the month preceding the month 3 9 in which payment of longevity pay is to be made. The results 4 10 thus obtained shall then be multiplied by the applicable 5 11 percentage rate as shown in the schedule in Section 21.1 and 6 12 the result shall be the amount of longevity pay to be paid.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Normal Payments - In General. 25 12 1. Such longevity pay shall be paid to each eligible employee in 26 13 January and July of each year and shall normally cover the 14 six 27 (6) months preceding the month in which payment is 15 made.
28 16 2. Longevity pay for each eligible employee shall be calculated 17 by 29 multiplying the base pay of such employee for the month of 30 18 January or July next preceding the month in which such 31 19 longevity pay is to be paid by the number of months 20 intervening 1 from the month preceding the month in which 21 longevity pay 2 was last made to and including the month 22 preceding the month 3 in which payment of longevity pay is to 23 be made. The results 4 thus obtained shall then be multiplied 24 by the applicable 5 percentage rate as shown in the schedule in 25 Section 21.1 and 6 the result shall be the amount of longevity 26 pay to be paid.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Normal Payments - In General. 25 17 1. Such longevity pay shall be paid to each eligible employee in 26 18 January and July of each year and shall normally cover the six 27 19 (6) months preceding the month in which payment is made.
28 20 2. Longevity pay for each eligible employee shall be calculated by 29 21 multiplying the base pay of such employee for the month of 30 22 January or July next preceding the month in which such 31 23 longevity pay is to be paid by the number of months intervening 1 24 from the month preceding the month in which longevity pay 2 25 was last made to and including the month preceding the month 3 26 in which payment of longevity pay is to be made. The results 4 27 thus obtained shall then be multiplied by the applicable 5 28 percentage rate as shown in the schedule in Section 21.1 and 6 29 the result shall be the amount of longevity pay to be paid.
Appears in 1 contract
Samples: Collective Bargaining Agreement