Common use of Longevity Eligibility Clause in Contracts

Longevity Eligibility. All employees hired on or before June 30, 1997 will receive longevity. Upon completion of seven (7) years after the hire date of an employee, they shall receive an additional three and one-half percent (3-1/2%) of their salary as pay and an additional one-half percent (1/2) each year thereafter until reaching a longevity maximum of ten percent (10%). Only actual paid time shall be credited for longevity purposes.

Appears in 3 contracts

Sources: Supervisor Agreement, Teamsters Non Supervisor Agreement, Administrative Agreement