Common use of Longevity Award Clause in Contracts

Longevity Award. 10.1. In addition to the Monthly Pay prescribed herein, any Employee who has been Continuously Employed by the City for a number of qualified Pay Periods, the total of which is not less than eight (8) years, shall receive from and after the beginning of the next Pay Period following completion of his or her eighth year of service, a monthly longevity award equal to four percent (4%) of his or her Monthly Pay and any Employee who has been Continuously Employed by the City for a number of qualified Pay Periods, the total of which is not less than sixteen (16) years, shall receive from and after the beginning of the next Pay Period an additional monthly longevity award equal to four percent (4%) of his or her Monthly Pay. Such longevity award shall be computed to the nearest dollar per month. The term "

Longevity Award. 10.1. In addition to the Monthly Pay prescribed herein, any Employee who has been Continuously Employed by the City for a number of qualified Pay PeriodsqualifiedPayPeriods, the total of which is not less than eight seven (8) 7) years, shall receive from and after the beginning of the next Pay Period nextPayPeriod following completion of his or her eighth oftheir seventh year of serviceofservice, a monthly longevity award equal to four percent (4%) of his or her Monthly Pay their MonthlyPay and any Employee who has been Continuously Employed by the City for a number of qualified Pay PeriodsqualifiedPayPeriods, the total of which is not less than sixteen fourteen (1614) years, shall receive from and after the beginning of the next Pay Period nextPayPeriod an additional monthly longevity award equal to four percent (4%) of his or her Monthly Payoftheir MonthlyPay. Such longevity award shall be computed to the nearest dollar per month. The term "

Longevity Award. 10.1. In addition to the Monthly Pay prescribed herein, any Employee who has been Continuously Employed by the City for a number of qualified Pay Periods, the total of which is not less than eight (8) years, shall receive from and after the beginning of the next Pay Period following completion of his or her their eighth year of service, a monthly longevity award equal to four percent (4%) of his or her their Monthly Pay and any Employee who has been Continuously Employed by the City for a number of qualified Pay Periods, the total of which is not less than sixteen (16) years, shall receive from and after the beginning of the next Pay Period an additional monthly longevity award equal to four percent (4%) of his or her their Monthly Pay. Such longevity award shall be computed to the nearest dollar per month. The term "