Common use of Years of Service Payment Clause in Contracts

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.