Common use of Amount of Longevity Pay Clause in Contracts

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.

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. Employees terminating during the year prior to the payout date will receive a full longevity payout.