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.
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. 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.
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. 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
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.
