Common use of Stability Payment for Ten Years' Service Clause in Contracts

Stability Payment for Ten Years' Service. Upon attaining ten (10) years of employment, an employee's annual lump sum stability payment advances to six (6) percent of his/her earnings for the calendar year as provided in Section 506.1 above and continues at that rate for the duration of his/her employment with the District.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Negotiated Agreement, Tentative Agreement

AutoNDA by SimpleDocs

Stability Payment for Ten Years' Service. Upon attaining ten (10) years of employment, an employee's annual lump sum stability payment advances to six (6) percent of his/her earnings for the calendar year as provided in Section 506.1 Article 5.06 (a) above and continues at that rate for the duration of his/her employment with the District.

Appears in 2 contracts

Samples: Negotiated Agreement, Negotiated Agreement

AutoNDA by SimpleDocs

Stability Payment for Ten Years' Service. Upon attaining ten (10) years of employment, an employee's annual lump sum stability payment advances to six (6) percent of his/her earnings for the calendar year as provided in Section 506.1 Article 5.06(a) above and continues at that rate for the duration of his/her employment with the District.

Appears in 1 contract

Samples: Negotiated Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.