Additional Longevity Payment Sample Clauses

Additional Longevity Payment a. For the period April 1, 2011 through April 1, 2015, as of April 1 of the fiscal year after an employee has completed three years of service at Step 16 of the Employee's grade, an Employee shall be entitled to receive a $750 longevity bonus payment every three years after the initial $750 longevity payment bonus is received if he or she continues to serve in the same grade. b. Effective with the completion of 2015 performance evaluations and each year thereafter, an Employee may be entitled to receive a longevity payment after the employee has completed one year of service at the job rate. An employee's longevity payment amount will be based on the overall rating received on their annual performance evaluation. Such employee will be entitled to receive a longevity payment every year after the initial longevity payment is received if he or she continues to serve in the same grade and subject to the overall annual performance evaluation rating as follows: Employees who receive an overall rating of "outstanding" will receive a lump sum $900 longevity payment. Employees who receive an overall rating of "highly effective" will receive a lump sum $600 longevity payment. Employees who receive an overall rating of "effective" will receive a lump sum $300 longevity payment. Employees who receive an overall rating of "needs improvement" or "unsatisfactory" will not receive a longevity payment. c. Employees who receive the $750 longevity bonus set out in Section 7.10 (a) above as of April 1, 2015, will not be entitled in 2015 to any additional longevity payment, and most specifically not the payment called for in Section 7.10 (b). d. Employees eligible based on their rating for the longevity payment set forth in Section 7.10 (b) above will be entitled to said payment as of July 1, 2015, and as of April 1st each year thereafter.