Longevity Credit Sample Clauses

Longevity Credit. An employee who transferred to the District from another district in Washington State must notify the District in writing within thirty (30) calendar days of hire that longevity credit is sought for years of service in another district. The notification must provide verification from the other district of previous position, dates of service in the position, and breaks in service, if any. An employee who fails to provide the required written notification shall be deemed to have waived any right to such longevity credit as might otherwise be available.
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Longevity Credit. Each full-time unit employee, regardless of whether he has been assigned a new job or position title, shall be eligible to receive longevity credit. The longevity credit shall be based upon the employee's total number of full years of continuous full-time employment by the Employer commencing from his date of such employment to his respective longevity anniversary date. A longevity credit shall be paid commencing January 1 of the year in which an employee becomes eligible for the credit, commencing with an employee having five (5) years employment and continuing with one (1) additional longevity credit for each additional five (5) years of employment in accordance with the following schedule:
Sample 1
Longevity Credit. Pursuant to reference (b), PLC members who enroll in the MCTAP will receive a Pay Entry Base Date (PEBD) that corresponds to the date of commissioning, with adjustments for periods of active duty for training, unless the PLC member is also a member of the Selected Marine Corps Reserve (SMCR). Selected Marine Corps Reservists, who are concurrently enrolled in the PLC program, will continue to be entitled to longevity credit. Any PLC member who chooses not to enroll in the MCTAP will retain the service obligation contained in their current service agreement and will receive longevity credit.
Sample 1
Longevity Credit. Each permanent unit employee, regardless of whether or not the employee has been assigned a new job or position title, shall be eligible to receive longevity credit. The longevity credit shall be Ten cents ($.10) per hour each year for the first year of employment through and including the fifth year of employment, Fifteen cents ($.15) per hour each year for six years of employment through and including the tenth year of employment, Twenty cents ($.20) per hour each year for eleven years of employment through and including the fifteenth year of employment, Twenty-five cents ($.25) per hour each year for sixteenth years of employment through and including the twentieth year of employment, Twenty-eight cents ($.28) per hour each year for twenty-first years of employment through and including the thirty-fifth year of employment. Longevity credit shall be based upon the employee's total number of full years of continuous employment by the Employer commencing from their date of such employment to their respective anniversary employment date. Longevity credit shall be payable beginning on January 1 of the year in which an employee will become eligible therefore.
Sample 1
Longevity Credit. Longevity credit is equal to all service credit earned at West Geauga Schools regardless of job classification.
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Longevity Credit. The longevity credit so transferred shall be applicable to all benefits herein including Schedule A, except the seniority provisions. A R T I C L E X V I I SALARIES AND EMPLOYEE COMPENSATION
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Longevity Credit. A year of administrative experience for purposes of compensation shall be construed to mean a minimum of 22 weeks on a regularly contracted assignment within the same school year when such experience is within the Eden Prairie School District. For purposes of the compensation formula, a year of experience shall mean a full year of administrative experience on a regularly contracted assignment when such experience is in a school district other than the Eden Prairie School District.
Sample 1
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Longevity Credit. 3 Any employee who changes job positions or classifications shall receive full longevity credit 4 regarding step placement on Schedule A.
Sample 1
Longevity Credit. A newly hired employee shall be given full longevity credit for all years of service in a Washington school district. A former employee of the District shall be covered under this section the same as a former employee of another Washington school district.
Sample 1

Related to Longevity Credit

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.

  • Service Credit With respect to benefits accruing during the CBA Term, Buyer shall recognize and apply each Transferred Employee’s prior service with Seller toward any eligibility and vesting under the Employee Benefits Plans and other compensation arrangements of Buyer and, in the case of Represented Transferred Employees, any other plans established to provide benefits described in the Generation CBA and in the case of Non- Represented Transferred Employees in Seller’s policies or plans, if any, that may become applicable to Non-Represented Transferred Employees. Buyer shall vest each Transferred Employee under the Employee Benefits Plans of Buyer to the extent such employee is vested under the Employee Benefits Plans of Seller (or its applicable Affiliates) immediately prior to the Closing, provided that all vacation, personal and sick days accrued by each Transferred Employee under the plans, policies, programs and arrangements of Seller (or its applicable Affiliates) immediately prior to the Closing shall not be a cost to Buyer, but shall be paid as provided in Section 5.8(f). Buyer shall waive all limitations with respect to preexisting conditions, exclusions based on health status and waiting periods with respect to participation and coverage requirements under Buyer’s health and welfare plans. Except as provided in this Section 5.8(d), Seller shall be solely responsible for all Liabilities including any applicable termination pay, severance pay, accrued wages or salary, accrued bonus and/or incentive pay (whether or not such bonus or incentive compensation is subject to any continued service requirement), accrued vacation and sick time, as well as any other benefits, created or owing as a consequence of the employment on or before the Closing Date of any Transferred Employee, or the cessation of any Scheduled Employee’s employment on or before the Closing Date, including

  • Performance Bank Guarantee 4.2.1 The Performance Bank Guarantee furnished by Power Producer to GUVNL shall be for guaranteeing the commissioining / commercial operation of the project up to the Contracted Capacity within SCOD.

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.

  • Letter of Credit Amounts Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Revolving Line of Credit (a) On the Closing Date, Lender agrees to open a Revolving Line of Credit in favor of Borrower in the maximum aggregate principal amount of Ten Million Dollars ($10,000,000), reducing to Five Million Dollars ($5,000,000), effective on December 31, 1997. Subject to the fulfillment of the conditions precedent set forth in Sections 13.1 and 13.3 hereof, during the period commencing on the Closing Date and ending on the earliest to occur of (i) the Termination Date and (ii) the date of -------- termination of the Revolving Line of Credit pursuant to Section 2.6 or Section 11 below, Borrower may borrow and repay and reborrow up to a maximum aggregate principal amount of the Revolving Line of Credit; provided, however, that (A) ----------------- each Revolving Advance must be in the amount of One Hundred Thousand Dollars ($100,000) or an integral multiple thereof, (B) Revolving Advances will be made by Lender to Borrower only on the first and the fifteenth of each calendar month (or, in each instance, the next succeeding Business Day, as the case may be), (C) any Revolving Advances constituting LIBOR Rate Borrowings must be obtained and paid in accordance with Section 2.4 below, and (D) repayments of Revolving Advances shall be made in accordance with Section 2.6(a) below; and, provided, --------- further, that at no time shall the aggregate principal amount outstanding under ------- the Revolving Line of Credit exceed the Margin (such requirement being referred to herein as the "MARGIN REQUIREMENT"). If at any time hereafter the Margin ------------------ Requirement is not satisfied, Borrower agrees to repay immediately the then principal balance of the Revolving Note by that amount necessary to satisfy the Margin Requirement.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the “Facility No. 1 Commitment”) is Twenty Million and 00/100 Dollars ($20,000,000.00).

  • Letter of Credit Facility 18 SECTION 3.1 ... L/C Commitment .......................................... 18 SECTION 3.2 ... Procedure for Issuance of Letters of Credit ............. 19 SECTION 3.3 ... Commissions and Other Charges ........................... 19 SECTION 3.4 ... L/C Participations ...................................... 19 SECTION 3.5 ... Reimbursement Obligation of the Borrowers ............... 20 SECTION 3.6 ...

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

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