Common use of Paramedic Vesting Clause in Contracts

Paramedic Vesting. For employees who qualify for vesting, pay shall be frozen until such time as it, including paramedic premium pay, is equal to 5% above the pay of a Step 5 Firefighter. Thereafter, such employees shall continue to receive the 5% premium until termination or promotion to another rank. However, employees who are at the rank of Lieutenant or Captain shall have their pay frozen until such time as the regular pay for their rank equals the pay, including paramedic premium pay, they were last receiving as a Lieutenant/Paramedic or a Captain/Paramedic, whichever is applicable. The conditions and procedures which shall govern the processes by which paramedics may leave and claim the paramedic vesting provisions are as follows:

Appears in 4 contracts

Samples: Terms of Agreement, Terms of Agreement, Terms of Agreement

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