Years of Service Payment Sample Clauses

Years of Service Payment. 1) Years of service payment shall be based on years of continuous service as an employee of the district in a regular employee position. 2) Employee must be employed as of June 1 of the fiscal year. 3) No proration of benefits 4) Benefit class based on regular employment for the majority of the sixth month prior to June 1 5) To be paid June 30: All Full-Time 12 Month Mechanics 5-7 years $300 8-11 years $350 12-15 years $375 16+ years $400
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Years of Service Payment. 1. Years of service payment shall be based on years of continuous service as an employee of the district in a regular employee position. 2. Benefit class indicated in number 5 below is based on the regular assignment an employee fills for the majority of the sixth month prior to June 1. 3. The longevity payment will be paid to those eligible employees as set forth above who are employed and accruing seniority. 4. For employees not on the District’s payroll in June of each year, if the employee has worked and/or been on paid leave at least half of the days in the employee’s regular work year, longevity will be prorated by the number of days worked using the following formula: Longevity amount divided by the number of days in employee’s regular work year times the number of days worked. For example: $375/180 x 140 = $292 5. To be paid by June 30: All Other Regular Extended Year 4 Hour or more School Year Special Education Bus Drivers Employees Positions 5-7 years $375 $275 $400 8-11 years $425 $325 $450 12-15 years $450 $350 $475 16-24 years $475 $375 $500 25 + years $500 $400 $525 H. Upon retirement or voluntary termination, an employee with a minimum of ten (10) years service shall be granted one dollar eighty-two cents ($1.82) for each accumulated sick leave hour not to exceed the accumulation limits set forth in Article 6, Section 2, paragraph C.
Years of Service Payment. The severance payment for years of service will be a deposit into a special pay deferral account, by the school district during the first fiscal year following the year the employee becomes eligible for severance. The amount of payment shall be 30 days at the daily rate of pay during the year the employee receives the payment. The school district will deposit 100% of the amount of payment into a special pay deferral account.
Years of Service Payment. 1. Years of service payment shall be based on years of continuous service as an employee of the district in a regular employee position. 2. Benefit class indicated in number 5 below is based on the regular assignment an employee fills for the majority of the sixth month prior to June 1. 3. The longevity payment will be paid to those eligible employees as set forth above who are employed and accruing seniority. 4. For employees not on the District’s payroll in June of each year, if the employee has worked and/or been on paid leave at least half of the days in the employee’s regular work year, longevity will be prorated by the number of days worked using the following formula: Longevity amount divided by the number of days in employee’s regular work year times the number of days worked. For example: $400/180 x 140 = $311 5. To be paid by June 30: Bus Drivers 5-7 years $400 8-11 years $450 12-15 years $475 16-24 years $500 25 + years $525
Years of Service Payment. Day 1 but not 4 years 2.25% of Top Step F.F. 4 but not 9 4.0% of Top Step F.F. 9 but not 13 5.0% of Top Step F.F. 13 but not 18 7.5% of Top Step F.F. 18 but not 25 11.0% of Top Step F.F. 25 and over 15.0% of Top Step F.F. Officers receiving compensation pursuant to Article 24 - Hazardous Duty Pay or Article 25 - Educational Incentive Pay shall have their award computed on the stated percentages of their own base salary, rather than that of Top Step Fire Fighter.
Years of Service Payment. Years of service payment shall be based on years of continuous service as an employee of the district in a regular employee position.
Years of Service Payment. Less than 10 year’s l day's pay for every 3 days accumulated • 10 or more years 1 day's pay for every 2 days accumulated • 15 or more years 1 day's pay for every day accumulated
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Years of Service Payment. All employees covered by this agreement will be entitled to a Year of Service payment for each completed year of service. The payment is $5.00 per week for each completed year of unbroken service and shall accumulate each year. The payment shall be in addition to the base rate and will be considered all purpose for the purpose of calculating overtime. Employees employed prior to the date of this agreement on different Year of Service structures shall change to this structure however their will be no retrospective adjustments. Apprentices who have served their time with the company will on commencement with the company be entitled to the payment in accordance with the period of time served with the company.
Years of Service Payment. All employees covered by this agreement will be entitled to a Year of Service payment for each completed year of service. This rate shall be in addition to the base rate and shall apply as per the following table. Completed year Amount per week Total accumulated service amount per week 1st completed year $5.00 per week $ 5.00 per week 2nd completed year $5.00 per week $10.00 per week 3rd completed year $5.00 per week $15.00 per week 4th completed year $2.50 per week $17.50 per week 5th completed year $2.50 per week $20.00 per week 6th completed year $2.00 per week $22.00 per week 7th and each year thereafter $2.00 per week $24.00 per week Apprentices who have served their time with the company will on commencement with the company be entitled to the payment in accordance with the period of time served with the company.

Related to Years of Service Payment

  • Years of Service A Participant’s Years of Service shall include all service performed for the Employer and ¨ Shall ¨ Shall Not include service performed for the Related Employer.

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • PERIOD OF SERVICE The Grant Services will commence on the Start Date and shall expire on the End Date as set forth in the SUMMARY PAGE.

  • Credited Service In addition to Current Credited Service the Adopting Employer may include as Credited Service the following types of service:

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

  • Hours of Service The minimum number of Hours of Service an Employee must complete during a vesting computation period to receive credit for a Year of Service is: (Choose (c) or (d)) [X] (c) 1,000 Hours of Service.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

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