Amount of Longevity Pay Sample Clauses

Amount of Longevity Pay. The annual longevity pay shall be at the rate of two thousand dollars ($2000.00), starting at year five (5), and increasing two hundred and fifty dollars ($250.00) each year thereafter, to a maximum payout amount of six thousand dollars ($6,000.00) The amount paid will be as follows: Years Longevity Years Longevity 5 $2000 13 $4000 6 $2250 14 $4250 7 $2500 15 $4500 8 $2750 16 $4750 9 $3000 17 $5000 10 $3250 18 $5250 11 $3500 19 $5500 12 $3750 20 $5750 21 Years or more $6,000
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Amount of Longevity Pay. The annual longevity pay shall be at the rate of one-half of one percent (0.5%) of base salary multiplied by the number of years of service with the City up to a maximum of ten percent (10%). The actual calculation is as follows: Base Salary x Number of Months Employed x 0.5% 12
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Amount of Longevity Pay. Employees covered by this Resolution are entitled to Longevity Pay in the amount of five thousand dollars ($5,000.00) gross, each year, to be paid no later than the Wednesday prior to Thanksgiving.
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Amount of Longevity Pay. The annual longevity pay shall be at the rate of one-half of one percent (0.5%) of annual base salary multiplied by the number of years of service with the City up to a maximum of ten percent (10%), or five thousand dollars ($5,000), whichever is the lesser amount. All employees hired after December 20, 1993, may earn longevity pay in accordance with the above requirement up to a maximum of two thousand five hundred (2,500) per year. Effective the first full pay period following July 1, 2016, the twenty five hundred dollars ($2,500) maximum will be increased to three thousand dollars ($23,5000 per year. The calculation used in an example is as follows: Base Salary X Number of Months Employed X .005 12
Sample 1
Amount of Longevity Pay. The annual longevity pay shall be at the rate of one-half of one percent (0.5%) of annual base salary multiplied by the number of years of service with the City up to a maximum of ten percent (10%), or five thousand dollars ($5,000.00), whichever is the lesser amount. All employees hired after December 20, 1993, Employees shall may earn longevity pay at the rate of one half of one percent (0.5%) of annual base salary multiplied by the number of years of service with the City up to a maximum of ten percent (10%), or in accordance with the above requirement up to a maximum of two thousand five hundred dollars ($2,500.00). Effective the first full pay period following July 1, 2016, the maximum will be increased to three thousand dollars ($3,000.00) per year whichever is the lesser amount. The calculation used in an example is as follows:
Sample 1

Related to Amount of Longevity Pay

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  • Over-Allowance Amount On the Cost Proposal Delivery Date and, in any event, prior to the commencement of the construction of the Tenant Improvements, Tenant shall deliver to Landlord cash in an amount (the “Over-Allowance Amount”) equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the Tenant Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the Cost Proposal Delivery Date). The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. If, after the Cost Proposal Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Tenant Improvements as a result of requests made by Tenant or as otherwise specified in Section 5.01(h) below, any additional costs which arise in connection with such revisions, changes or substitutions shall be paid by Tenant to Landlord immediately upon Landlord’s request as an addition to the Over-Allowance Amount and, in any event, prior to the commencement of the construction of the revisions, changes or substitutions. Promptly following completion of construction of the Tenant Improvements and payment of all costs incurred in connection therewith, Landlord shall prepare and deliver to Tenant a reasonably detailed reconciliation of (i) the total cost of the Tenant Improvements, including all Tenant Improvement Allowance Items, and (ii) the total amount of the Tenant Improvement Allowance and the Over-Allowance Amount payments previously made by Tenant pursuant to the foregoing provisions of this Section. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements exceeds the amount of the Tenant Improvement Allowance plus all Over-Allowance Amount previously paid by Tenant, Tenant shall pay the amount of such shortfall to Landlord within thirty (30) days after receipt of such reconciliation. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements is less than the amount of the Tenant Improvement Allowance plus all Over-Allowance Amounts previously paid by Tenant, Landlord shall pay the amount of such overage to Tenant at the time that Landlord delivers such reconciliation to Tenant.

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  • Amount of Compensation The Adviser shall pay the Subadviser, as compensation for services rendered hereunder, from its own assets, an annual fee, payable monthly, equal to 40% of the investment advisory fee collected by the Adviser from the Fund, based on the total net assets of the Fund existing as of the date hereof (the "base amount"), plus 30% of the advisory fee collected by the Adviser, based on the total net assets of the Fund that exceed the base amount (the "marginal amount"), in each case calculated after any waivers, voluntary or otherwise.

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