Payment of Stipends. The annual longevity stipend will be paid with the first pay in October each year. Employees shall receive payment for the stipends in this section in the first pay in June except as noted above. An employee must have worked in active pay status a minimum of 120 days (July 1 through June 30) to receive a stipend. A team will explore options to make sure all of the classified stipends are in compliance with the Fair Labor Standards Act. Current stipends will not be reduced. Any changes made will not result in a loss of stipends.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement