Seniority Benefit Clause Samples

Seniority Benefit. While on Guard or Reserve duty, the employee shall receive seniority and anniversary date benefits in compliance with federal law and court cases pertaining to military service due to members of the Guard or Reserve.
Seniority Benefit. No employee assigned to patrol, hired after November 24, 2004 will have the ability to pick their three shifts all at once as was the past practice upon entering the Top 15. Rather, they will select patrol shifts using the “2-1 method” as all other patrol officers select their shifts. Employees hired on or before November 24, 2004 will be known as being "grandfathered into the Top 15" and may continue the past practice. There are three patrol deployments per year. Generally, January-April, May-August and September- December. The “2-1 method” refers to the number of shifts chosen within three deployments selected on a yearly basis. Officers, in order of seniority, will select a shift (day shift, night shift, beginning of week or end of the week) in two of the three deployment periods. The selection of shifts will move to the next senior officer who selects in the same fashion. The process will continue until all officers have selected a shift in two of the three deployments. Then the selection will return to the most senior officer, who will select a shift in the deployment the officer didn’t select earlier in the process. The next senior officer will select in the same fashion and so on, until all shifts are selected. By definition, as the process moves forward, fewer and fewer choices are available and less senior officer’s default to less desirable shifts and/or deployment periods. A. 3.a.
Seniority Benefit. 33.1 Employees completing years of service outlined in section 33. 2 by December 31 will receive the above seniority on the date of the first normal payroll distribution date in December. 33.2 YEARS SERVICE COMPLETED ANNUAL BENEFIT 5THROUGH5 THROUGH 9 1.5% 10 THROUGH 14 2.0% 15 THROUGH 19 2.5% 20 THROUGH 24 3.0% 25 AND UP 3.5% 33.3 Employees separating will be paid the benefit on a pro-rated basis from January 1, until day of severance. Employees who work at least twenty-four hours in the last month of employment will receive a pro-rated share for that month equal to one-twelfth (1112th1/12th) of the annual benefit. 33.4 For the purposes of computing the "regular rate" of pay, the seniority bonus is a non-- discretionary bonus. The City shall adhere to the provisions outlined under the Fair Labor Standards Act, part 778 of the Code of Federal Regulations as to the method of inclusion of the seniority pay in the "regular rate" for employees.
Seniority Benefit. In conjunction with County decisions regarding: 1. Layoffs, or 2. Job assignments which have a locational component and job assignment has traditionally been bid, seniority is a factor that must be taken into consideration but is not the deciding factor. In cases when an employee’s seniority is not a deciding factor, the County shall articulate its justification for not recognizing seniority as a controlling factor and the County’s decision is not subject to appeal or grievance.

Related to Seniority Benefit

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Retirement Benefit (i) In consideration of the Executive's past services to the Company, the Executive shall be entitled to a retirement benefit, payable monthly for his life, in an amount equal to 50 percent of his highest monthly Base Salary during the Employment Term. Such payments shall commence on the first day of the month coincident with or next following the later of the Executive's attainment of age 58 or the end of the Employment Term (the "Commencement Date"); provided, however, that if the Employment Term terminates prior to his attainment of age 58, the Executive may elect by written notice to the Company to have such payments commence on the first day of any month after such termination of employment (the "Early Commencement Date") in a monthly amount equal to the monthly amount that the Executive would have received at the Commencement Date, reduced by one-third of one percent (.33%) per month for each month by which the Early Commencement Date precedes the Commencement Date. The amount of each payment hereunder shall be increased on each January 1 following the Early Commencement Date or Commencement Date, as applicable, by an amount determined by multiplying the amount of each monthly payment made in the preceding year by the percentage increase, if any, in the cost of living from the preceding January 1, as reflected by the Consumer Price Index. The Executive's election to have his retirement benefit payments commence on the Early Commencement Date shall not affect the Company's obligation to pay consulting fees to the Executive in accordance with Section 4 hereof. The retirement benefit shall be an unconditional, but unsecured, general credit obligation of the Company to the Executive, and nothing contained in this Agreement, and no action taken pursuant to it, shall create or be construed to create a trust of any kind between the Company and the Executive. The Executive shall have no right, title or interest whatever in or to any investments which the Company may make (including, but not limited to, an insurance policy on the life of the Executive) to aid it in meeting its obligations hereunder. (ii) From time to time, the Company shall make such contributions to the trust established under the Trust Agreement dated as of December 18, 1986 (the "1986 Trust") between the Company, as grantor, and Wi▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, as successor trustee, to provide a sufficient reserve for the discharge of its obligation to pay the retirement benefit to the Executive as provided in clause (i) of this Section 3(c) and clauses (ii) and (iii) of Section 5(a) hereof.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.