Long Service Bonus. 1. The employer may grant an employee a one-off bonus for extraordinary years of service.
Long Service Bonus. 31.01 The Employer agrees to pay a Long Service Bonus of six hundred dollars ($600) (prorated for part-time employees) as a salary bonus for employees who have attained ten (10) years or more of service prior to year-end December 31st. Effective April 1, 2013, the Employer agrees to pay a Long Service Bonus of six hundred and twenty-five dollars ($625) (prorated for permanent part-time employees) as a salary bonus for workers who have attained ten (10) years or more of service prior to year- end December 31st. Effective April 1, 2014, the Employer agrees to pay a Long Service Bonus of six hundred and fifty dollars ($650) (prorated for permanent part-time employees) as a salary bonus for workers who have attained ten (10) years or more of service prior to year-end December 31st. Such bonus shall be payable in the last pay period prior to Christmas in any year by separate direct deposit. It is understood that all permanent full-time and permanent part-time employees who attained the required amount of years of service prior to year end December 31st who retire or voluntarily terminate their employment with the Employer during the year will receive on a one time basis only, the Long Service Bonus in the amount as outlined above, on a prorated basis, minus statutory deductions. For permanent full-time employees, the bonus will be prorated by the number of completed months of service during the calendar year; for permanent part-time employees, the bonus will be prorated by the number of completed months of service during the calendar year as well as the proration of hours worked during the week.
Long Service Bonus. 20.01 A long service bonus, payable by December 15 of each year, shall be paid to permanent employees in the following manner: For 2002/03 Effective 2004 After 5, 6, 7, 8 or 9 years of continuous service - $ 60.00 $ 70.00 After 10, 11, 12, 13 or 14 years of continuous service - $120.00 $130.00 After 15, 16, 17, 18 or 19 years of continuous service - $180.00 $190.00 After 20, 21, 22, 23 or 24 years of continuous service - $240.00 $250.00 After 25 or more years of continuous service - $300.00 $310.00
Long Service Bonus. 23.01 For the period of this Agreement, the Company will continue payment of a Long Service Bonus, which it voluntarily granted many years ago. The bonus is payable to employees who have completed twenty-five (25) years of service. This bonus shall hereafter be determined by adding the employee's total earnings during his last five (5) full calendar years of employment (after excluding calendar years in which the employee suffered loss of earnings due to illness, layoff, etc.) immediately prior to completion of the qualifying number of years, and dividing the total by five (5) and the resulting figure by four (4). Such bonus shall not exceed $1,500.
Long Service Bonus. 1. The following long service bonus will be paid on completion of the indicated years of aggregate teaching service in the district. 3 Years 6 Years 10 Years
Long Service Bonus. 31.01 The Employer agrees to pay a Long Service Bonus of five hundred and seventy-five dollars ($575) (prorated for part-time employees) as a salary bonus for employees who have attained ten (10) years or more of service prior to year-end December 31st. Effective April 1, 2009, the Employer agrees to pay a Long Service Bonus of six hundred dollars ($600) (prorated for permanent part-time employees) as a salary bonus for workers who have attained ten (10) years or more of service prior to year- end December 31st. Such bonus shall be payable in the last pay period prior to Christmas in any year by separate direct deposit. It is understood that all permanent full-time and permanent part-time employees who attained the required amount of years of service prior to year end December 31st who retire or voluntarily terminate their employment with the Employer during the year will receive on a one time basis only, the Long Service Bonus in the amount as outlined above, on a prorated basis, minus statutory deductions. For permanent full-time employees, the bonus will be prorated by the number of completed months of service during the calendar year; for permanent part-time employees, the bonus will be prorated by the number of completed months of service during the calendar year as well as the proration of hours worked during the week.
Long Service Bonus. Employees with a seniority date before July 1, 1999 shall have Long Service Bonuses added to the rates otherwise determined in accordance with clauses 27.01 and 27.07, as follows: After 8 years service but less than 13 years - 3% After 13 years service but less than 18 years - 5% After 18 years service but less than 23 years - 7% After 23 years service - 9%
Long Service Bonus. (a) An employee shall receive a Long Service Bonus of $1,000.00 upon completion of five (5) years of continuous employment and on each subsequent fifth anniversary date thereafter.
Long Service Bonus. 1 Have you been employed by KPN or a predecessor in title of KPN for 25 or 40 years? if you have been employed by KPN or by its legal predecessor for 25 or 40 years. The bonus consists of: - 1 × your gross monthly salary up to a maximum of the normative salary for 25 years of service, and
Long Service Bonus. For the period of this Agreement, the Company will continue payment of a Long Service Bonus which it voluntarily granted many years ago. The bonus is payable to employees who have completed twenty-five (25) years of service. This bonus shall hereafter be determined by adding the employee's total earnings during his last five (5) full calendar years of employment (after excluding calendar years in which the employee suffered loss of earnings due to illness, layoff, etc.) immediately prior to completion of the qualifying number of years, and dividing the total by five (5) and the resulting figure by four (4). Such bonus shall not exceed Should an otherwise eligible employee resign from the Company, retire, be discharged, die, or for any reason terminate his employment with the Company during the term of this Agreement with at least twenty (20) years of Company service, but prior to receipt by him of his Long Service Bonus, he shall be paid a portion of such bonus as follows:
