Thirty Years’ Service Sample Clauses

The "Thirty Years’ Service" clause establishes a specific period—thirty years—of service as a threshold for certain rights, benefits, or obligations under an agreement. Typically, this clause applies to employment contracts, pension plans, or tenure arrangements, where reaching thirty years of continuous service may trigger eligibility for retirement benefits, enhanced severance, or other long-term rewards. Its core practical function is to clearly define when long-term service milestones are met, ensuring both parties understand the conditions for accessing particular entitlements and reducing disputes over eligibility.
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Thirty Years’ Service a) Employees with thirty (30) years or more continuous service shall receive seven (7) weeks vacation with vacation pay based on the greater of fifteen percent (15%) of the wages or salary earned during the period of entitlement, or two hundred and eighty (280) hours at the hourly rate of the employee’s regular job. b) The additional four (4) weeks will be taken when convenient for the company, but does not have to be consecutive with the vacation period provided for in Sections 1, 2, 3, 4 and 5 herein.
Thirty Years’ Service. After thirty (30) years service (beginning with year 31) $350.00 per month.

Related to Thirty Years’ Service

  • Years of Service Any teacher placed on such leave may engage in teaching or any other occupation during such period, may be eligible for unemployment insurance if otherwise eligible for such compensation under the law, and such leave will not result in a loss of credit for years of service in the School District earned prior to the commencement of such leave.