Retention / Longevity Pay Sample Clauses

Retention / Longevity Pay. Existing employees that have the following tenure with the County or other law enforcement public service shall receive additional compensation as follows: • Effective the first day of the pay period following the completion of the tenth year of service (10 years) -, five percent (5%) percent added to base salary. Employees with continuos full-time service to San Benito County are eligible for this differential. • Effective the first day of the pay period following the completion of the 15th year of service (15 years) , an additional fivepercent (5%) will be added to the base salary for a total of ten (10%) percent added to the base salary. Employees with continuous full-time service to San Benito County are eligble for this differential. • Effective the first day of the pay period following the completion of the 20th year of service (20 years) , an additional five percent (5%) will be added to base salary for a total of fifteen (15%) added to base salary. Employees with continuous full-time service to the San Benito County are eligible for the differential. YEARS PERCENT 10 5.0% 15 10.0% 20 15.0% • The pay period following the completion of 15 years of public service-5% • The pay period following the completion of 20 years of public service -5% • The pay period following the completion of 25 years of public service -5% For employees hired on or after October 1, 2008, only public service with the County of San Xxxxxx shall qualify for Retention/Longevity pay.
Sample 1
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Retention / Longevity Pay. Effective February 27, 2022, all AFCA member upon the satisfactory completion of ten (10) years of continuous service with the Alameda Fire Department, shall be paid an additional three percent (3.0%) calculated on their base annual salary plus the hourly equivalent of the Holiday Pay (as defined in Section 16: Holiday, Suppression Assignment). Upon the satisfactory completion of fifteen (15) years of continuous service with the Alameda Fire Department, the employee receives an additional four percent (4.0%) calculated on their base plus the hourly equivalent of the Holiday Pay plus the 10-year benefit. Upon the satisfactory completion of twenty (20) years of continuous service with the Alameda Fire Department, the employee receives an additional five percent (5.0%) calculated on their base plus the hourly equivalent of the Holiday Pay plus the 10-year benefit plus the 15-year benefit. Percentages shall be compounded.
Sample 1
Retention / Longevity Pay. Existing employees that have the following tenure with the County or other law enforcement public service shall receive additional compensation as follows: • The pay period following the completion of 15 years of public service-5% • The pay period following the completion of 20 years of public service -5% • The pay period following the completion of 25 years of public service -5% For employees hired on or after October 1, 2008, only public service with the County of San Xxxxxx shall qualify for Retention/Longevity pay.
Sample 1

Related to Retention / Longevity Pay

  • Longevity Pay If an employee leaves State Classified employment and later is rehired, he/she shall receive no longevity pay. However, once such a rehired employee has been in pay status for five (5) years, all previous service time shall be credited for longevity pay. The only exception shall be for employees rehired who repay severance pay received. (See Article 22, Section Q.)

  • Longevity Payments (a) Longevity payments as set out in the salary schedule in Appendix A-1 (Interest Arbitration ineligible employees) and Appendix A-2 (Interest Arbitration eligible employees) will be provided to eligible employees upon completion of 10, 15, 20 and 25 years of continuous service. Continuous service shall mean time in a title or combination of titles which have existed and/or presently exist in the Security Services Unit, Agency Police Services Unit or Security Supervisors Unit. Such payment will be added to base pay effective on the payroll period which next begins following the actual completion of 10, 15, 20 and 25 years of continuous service. (b) In no event may an employee's basic annual salary exceed the longevity maximum of the salary grade as the result of the longevity payment or adjustment. (c) Employees whose basic annual salary after the application of the general increase and implementation of the new salary schedule is above the job rate will be considered to have received longevity payments in the amount by which their basic annual salary exceeds the job rate for their grade. (d) Such longevity payments will be added to and considered part of base pay for all purposes except for determining an employee's change in salary upon movement to a different salary grade and his potential for movement to the job rate of the new grade, after which determination the appropriate longevity payments will be restored. (e) The longevity amount for all employees will be adjusted to reflect the longevity payments which are appropriate to their current salary grade.

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Education Allowance Provisions in existing Collective Agreements providing for educational allowances shall be continued in effect.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Final Paycheck As soon as administratively practicable on or after the Termination Date, the Company will pay Executive all accrued but unpaid base salary and all accrued and unused vacation earned through the Termination Date, subject to standard payroll deductions and withholdings. Executive is entitled to these payments regardless of whether Executive executes this Agreement.

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