Longevity Bonuses Sample Clauses

Longevity Bonuses. 8.4.1 Longevity bonuses for classified personnel will be paid at the end of the seventh, tenth, thirteenth, sixteenth, nineteenth, twenty-second, and twenty-fifth years consistent with the attached salary schedules. Longevity bonuses will be increased by the same percentage as the salary schedule is increased.
AutoNDA by SimpleDocs
Longevity Bonuses. The intent behind longevity bonuses is to decrease employee turnover and incentive long-term employees to continue their employment with EmpRes Healthcare. Bargaining Unit Employees shall receive the following longevity bonuses, to be paid on the first payday after the employee’s anniversary date. Longevity Bonus After Passing Anniversary Date (i.e. Hiring Date) Bonus Value 1st Anniversary $100 3rd Anniversary $300 5th Anniversary $500 8th Anniversary $800 10th Anniversary $1000 15th Anniversary 1500 20th Anniversary $2000 In order to implement this new longevity benefit, by December 1st, 2021, the Employer shall pay out the longevity bonuses to each employee whose anniversary date falls in- between the 10th, 15th and 20th year steps. Examples: An 11 year employee will receive the $1,100 bonus on December 1st, 2021.
Longevity Bonuses. $200 each year after 10 consecutive years of service in the Clinton School Department $300 each year after 15 consecutive years of service in the Clinton School Department $400 each year after 20 consecutive years of service in the Clinton School Department $500 each year after 25 consecutive years of service in the Clinton School Department $600 each year after 30 consecutive years of service in the Clinton School Department $700 each year after 35 consecutive years of service in the Clinton School Department $1000 each year after 40 consecutive years of service in the Clinton School Department Longevity bonuses will be paid to those faculty members who have ten (10) years of service in the Clinton School System but their service was involuntarily interrupted by a reduction in force, provided that the employee returns to service within five (5) years of being involuntarily interrupted by a reduction in force.
Longevity Bonuses. Longevity bonuses for Physical Therapists, Occupational Therapists and Certified Occupational Therapy Assistants will be paid at the end of the thirteenth, sixteenth, nineteenth, twenty-second, twenty-fifth, and twenty- eight years consistent with the attached salary schedules. Longevity is based on original date of hire with the District.
Longevity Bonuses. Upon approval of the Board of Supervisors and implementation of this Memorandum of Understanding, members of this bargaining unit shall receive Longevity Pay in accordance with the following implementation schedule: 10/1/06 3% (12 levels) after completion of 19 years of service 04/1/07 4% (16 levels) after completion of 24 years of service 10/1/07 4% (16 levels) after completion of 29 years of service Longevity Pay is cumulative and shall constitute a base rate.
Longevity Bonuses. Longevity bonuses for OT,PT,COTAs will be paid at the end of the thirteenth, sixteenth, nineteenth, twenty-second, twenty-fifth, and twenty-eight years consistent with the attached salary schedules. Longevity is based on original date of hire with the District.

Related to Longevity Bonuses

  • Longevity Bonus Effective 2005, twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700.00) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

Time is Money Join Law Insider Premium to draft better contracts faster.