SERVICE TERM BONUS. In recognition of the substantial contribution to the community made by employees as a result of the length of their aggregate City service, the City shall annually award each applicable employee a service term bonus pay as indicated below. Service Term Service Term Bonus Beginning of 10th year and every year thereafter 2.5% of base salary Beginning of the 15th year and every year thereafter An additional 2.5% of base salary Such service term bonus pay shall be included on each eligible employee's bi-weekly payroll. Effective February 17, 2007, for employees hired before January 1, 2016, the following certification pays will be calculated on service term bonus, previously referred to as “longevity” and reported to CalPERS as special compensation. • Emergency Medical Dispatch Certificate The service term bonus is to be considered as part of an employee's total compensation. However, only actual costs of the service term bonus shall be used when calculating total compensation for the purpose of comparing salaries and benefits of the City to other benchmark agencies. Employees hired on or after January 1, 2016, who receive a satisfactory or above annual performance review shall be eligible for an annual lump sum performance bonus as follows: Service Term Service Term Bonus Beginning of 10th year to completion of 14th year 2.5% of base salary. Beginning of the 15th year and every year thereafter 5.0% of base salary. The annual lump sum performance bonus shall be paid with the first full pay check in January each year.
SERVICE TERM BONUS. City will provide the following service term bonus:
SERVICE TERM BONUS. Employees hired on or after January 1, 2017, who receive a satisfactory or above annual performance review shall receive an annual lump sum performance bonus as follows: Service Term Performance Bonus Beginning of 10th year to completion of 14th year 2.5% of the annual base salary Beginning of 15th year and every year thereafter 5.0% of the annual base salary The annual lump sum performance bonus shall be paid with the first full pay check in January each year based upon the base salary paid during the first full pay period in the previous November of each year.
SERVICE TERM BONUS. 1. In recognition of the substantial contribution to the community made by employees as a result of the length of their aggregate City service, the City shall annually award each applicable employee hired prior to the first pay period after City Council approval, a service term bonus pay as indicated below. Service Term Service Term Bonus Beginning of 10th year to completion of 14th year 2.5% of base salary Beginning of 15th year and every year thereafter 5.0% of base salary The Service Term Bonus shall not exceed five percent (5.0%). Service term pay shall be included on each eligible employee's bi-weekly payroll. The service term pay is to be considered as part of an employee's total compensation. The maximum cost of the service term pay shall be used when calculating total compensation for the purpose of comparing salaries and benefits of the City to other benchmark agencies.
SERVICE TERM BONUS. A. The City agrees to provide the following service term bonus for employees hired prior to May 5, 2012: SERVICE TERM ANNUAL BONUS AMOUNT Beginning of the 10th year 2.5% of base salary and every year thereafter Beginning of the 15th year and every year thereafter 2.5% of base salary
SERVICE TERM BONUS. In recognition of the substantial contribution to the community made by employees as a result of the length of their aggregate City service, the City shall annually award each applicable employee a service term bonus pay as indicated below. Service Term Service Term Bonus Beginning of 10th year and every year thereafter 2.5% of base salary Beginning of the 15th year and every year thereafter An additional 2.5% of base salary Such service term bonus pay shall be included on each eligible employee's bi-weekly payroll. The service term bonus is to be considered as part of an employee's total compensation. However, only actual costs of the service term bonus shall be used when calculating total compensation for the purpose of comparing salaries and benefits of the City to other benchmark agencies. Employees hired on or after January 1, 2016, who receive a satisfactory or above annual performance review shall be eligible for an annual lump sum performance bonus as follows: Service Term Service Term Bonus Beginning of 10th year to completion of 14th year 2.5% of base salary. Beginning of the 15th year and every year thereafter 5.0% of base salary. The annual lump sum performance bonus shall be paid with the first full pay check in January each year.
