Common use of Rate of Longevity Pay Clause in Contracts

Rate of Longevity Pay. During the first five (5) years of employment, an Employee accrues service time for determining future payments of longevity. After completion of the fifth year and ending with the tenth year of continuous service, an Employee shall be paid $2.00 per month for each year of service. EXAMPLE: Total Service Time Total Months Monthly Rate Longevity

Rate of Longevity Pay. During the first five (5) years of employment, an Employee employee accrues service time for determining future payments of longevity. After completion of the fifth year and ending with the tenth year of continuous service, an Employee employee shall be paid $2.00 per month for each year of service. EXAMPLE: Total Service Time Total Months Monthly Rate Longevity

Rate of Longevity Pay. During the first five (5) years of employment, an Employee employee accrues service time for determining future payments of longevity. After completion of the fifth year and ending with the tenth year of continuous service, an Employee employee shall be paid $2.00 per month for each year of service. EXAMPLE: Total Total Service Time Total Months Monthly Rate Longevity 5 yr. 1 mo. = 61 months x $2.00 = $122.00 After completion of the tenth year and ending with the fifteenth year of continuous service, an employee shall be paid $2.50 per month for each year of service. EXAMPLE: Total Total Service Time Total Months Monthly Rate Longevity

Rate of Longevity Pay. During the first five (5) years of employment, an Employee employee accrues service time for determining future payments of longevity. After completion of the fifth year and ending with the tenth year of continuous service, an Employee employee shall be paid $2.00 per month for each year of service. EXAMPLE: Total Total Service Time Total Months Monthly Rate Longevity 5 yr. 1 mo.= 61 months x $2.00 = $122.00 After completion of the tenth year and ending with the fifteenth year of continuous service, an employee shall be paid $2.50 per month for each year of service. EXAMPLE: Total Total Service Time Total Months Monthly Rate Longevity

Rate of Longevity Pay. During the first five (5) years of employment, an Employee employee accrues service time for determining future payments of longevity. After completion of the fifth year and ending with the tenth year of continuous service, an Employee employee shall be paid $2.00 per month for each year of service. EXAMPLE: Total Total Service Time Total Months Monthly Rate Longevity

Rate of Longevity Pay. During the first five (5) years of employment, an Employee employee accrues service time for determining future payments of longevity. After completion of the fifth (5th) year and ending with the tenth (10th) year of continuous service, an Employee employee shall be paid $2.00 per month for each year of service. EXAMPLE: Total Service Time Total Months Total Monthly Rate Total Longevity