Common use of Longevity Award Clause in Contracts

Longevity Award. 7.4.1 Effective July 1, 2017, the District shall provide a longevity award to eligible unit members who have obtained at least 10 years of fulltime credited service with the District, and continuing in various increments up to 25 years of fulltime credited service with the District, as listed below: 10 years of service = $20 per month 15 years of service = $30 per month 20 years of service = $40 per month 25 years of service = $55 per month

Longevity Award. 7.4.1 Effective July 1, 2017, A Longevity Award will be added to the District shall provide a longevity award base salary to eligible unit full time Unit members who have obtained at least 10 meet the following years of fulltime credited service with in the District, and continuing in various increments up to 25 : 5 years of fulltime credited service with the District, as listed below: (payable in 6th year) $200.00 20 years of service (payable in 21st year) $900.00 10 years of service = (payable in 11th year) $20 per month 300.00 25 years of service (paid in 26th year) $1200.00 15 years of service = (payable in 16th year) $30 per month 20 years of service = $40 per month 25 years of service = $55 per month650.00 Thank you for your service.