Common use of Seniority Bonus Clause in Contracts

Seniority Bonus. All Employees who have the following continuous years of seniority shall receive the following amounts as a bonus once a year at the anniversary date of the Employee: 7 through 10 years of service $650 11 through 15 years of service $850 16 through 20 years of service $1050 21 through 25 years of service $1250 26 years of service and above $1450

Seniority Bonus. All Employees who have the following continuous years of The seniority shall receive the following amounts as a bonus once a year at the anniversary date of the Employee: 7 through 10 is based on years of service with the Company as of December31st of each year. To be eligible, an employee must have one (1) full year of service with the Company as of December 31st, and it is not pro-rated. For each year of accumulated service on December 31st, an employee will receive one thousand ($650 11 through 15 1,000.00) dollars plus CPI to a maximum of five (5) years. Following five (5) years of service service, Seniority Bonus will be increased by $850 16 through 20 years 500.00 per year of service to a maximum of six thousand, five hundred ($1050 21 through 25 years 6,500.00) dollars. Company will pay Seniority Bonus in December of service $1250 26 years of service and above $1450each year.