Common use of Longevity Credit Clause in Contracts

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/her date of such employment to his/her 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: (1) First Five (5) Years .25 an hour (2) Second Five (5) Years .25 an hour (3) Third Five (5) Years .25 an hour (4) Fourth Five (5) Years .25 an hour (5) Fifth Five (5) Years .25 an hour (6) Sixth Five (5) Years .30 an hour (7) Seventh Five (5) Years .30 an hour All new employees hired after 7/1/2015 shall receive the following longevity credit: (1) First Five (5) Years .15 an hour (2) Second Five (5) Years .20 an hour (3) Third Five (5) Years .20 an hour (4) Fourth Five (5) Years .20 an hour (5) Fifth (5) Years .20 an hour (6) Sixth Five (5) Years .25 an hour (7) Seventh Five (5) Years .30 an hour

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/her date of such employment to his/her respective longevity anniversary date. Effective January 1, 2021 there shall be no increase in longevity. Effective January 1, 2022 longevity increase shall be applied. Years of service shall accrue for 2021 for eligibility in 2022. 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: (1) First Five (5) Years .25 an hour (2) Second Five (5) Years .25 .30 an hour (3) Third Five (5) Years .25 .30 an hour (4) Fourth Five (5) Years .25 .30 an hour (5) Fifth Five (5) Years .25 an .30an hour (6) Sixth Five (5) Years .30 an hour (7) Seventh Five (5) Years .30 an hour All new employees hired after 7/1/2015 shall receive the following longevity credit: (1) First Five (5) Years .15 an hour (2) Second Five (5) Years .20 an hour (3) Third Five (5) Years .20 an hour (4) Fourth Five (5) Years .20 an hour (5) Fifth (5) Years .20 an hour (6) Sixth Five (5) Years .25 an hour (7) Seventh Five (5) Years .30 an hour