Common use of LONG SERVICE PAY Clause in Contracts

LONG SERVICE PAY. In recognition of the principle that a long service Employee is of increased value to the Employer through acquired knowledge and experience, the Employer agrees to Long Service Pay in accordance with the following table: After five years of employment $1.00 per week for each year of service, and $1.00 per week for every year thereafter: After 5 years $260 6 years 312 7 years 364 8 years 416 9 years 468 10 years 520, etc.

Appears in 2 contracts

Samples: Agreement, Agreement

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LONG SERVICE PAY. In recognition of the principle that a The Employer will pay to each full-time employee long service Employee is pay, in a lump sum on the first pay date in January, for each five years of increased value to the Employer through acquired knowledge service and experienceprovide a like increase each five years thereafter, the Employer agrees to Long Service Pay based in accordance with the following table: After five 5 years of employment service $1.00 325 per week for each year of service, and $1.00 per week for every year thereafter: After 5 years $260 6 years 312 7 years 364 8 years 416 9 years 468 10 years 520, etc.of service $475 per year After 15 years of service $625per year After 20 years of service $775 per year After 25 years of service $925 per year After 30 years of service $1,075 per year After 35 years of service $1,225 per year

Appears in 1 contract

Samples: Collective Agreement

LONG SERVICE PAY. 26.01 a) In recognition of the principle that a long service Employee is of increased value to the Employer Corporation through his/her acquired knowledge and experience, the Employer Corporation agrees to Long Service Pay in accordance with the following table: After five From zero (0) to 4 years of employment $1.00 per week for each year of service, and $1.00 per week for every year thereafter: After service $ 26.00 From 5 years $260 6 years 312 7 years 364 8 years 416 to 9 years 468 of service $52.00 From 10 to 14 years 520, etc.of service $104.00 From 15 to 19 years of service $156.00 From 20 to 24 years of service $208.00 From 25 to 29 years of service $260.00 After 30 years of service $312.00

Appears in 1 contract

Samples: Collective Agreement

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LONG SERVICE PAY. 21.01 In recognition of the principle that a long service Employee employee is of increased value to the Employer through his/her acquired knowledge and experience, the Employer agrees to Long Service Pay in accordance with the following table: After five years of employment $1.00 per week for each year of service, and $1.00 per week for every year thereafter: After 5 years $260 6 years 312 7 years 364 8 years 416 9 years 468 service $ 65.00 per year After 10 years 520, etc.service $130.00 per year After 15 years service $195.00 per year After 20 years service $260.00 per year After 25 years service $325.00 per year

Appears in 1 contract

Samples: Collective Agreement

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