Common use of Longevity Premium Clause in Contracts

Longevity Premium. Full-time regular and part-time regular nurses shall 9 receive the following longevity premiums based upon their length of service with the Department. after 8 years (96 months) of service 2% above the nurse’s Step after 10 years (120 months) of service 3% above the nurse’s Step after 12 years (144 months) of service 4% above the nurse’s Step after 15 years (180 months) of service 5% above the nurse’s Step after 17 years (204 months) of service 6% above the nurse’s Step after 20 years (240 months) of service 7% above the nurse’s Step 11 12 13 14 15 16 Longevity premium pay shall be included in the calculation of the nurse’s FLSA regular rate for 17 purposes of payment for hours which qualify as overtime under the FLSA.

Longevity Premium. Full-time regular Career Service and part-time regular Career Service 13 nurses shall 9 receive the following longevity premiums based upon their length of service with the 14 Department. after 8 years (96 months) of service 2% above the nurse’s Step after 10 years (120 months) of service 3% above the nurse’s Step after 12 years (144 months) of service 4% above the nurse’s Step after 15 years (180 months) of service 5% above the nurse’s Step after 17 years (204 months) of service 6% above the nurse’s Step after 20 years (240 months) of service 7% above the nurse’s Step 11 12 13 14 15 16 17 18 19 20 21 Longevity premium pay shall be included in the calculation of the nurse’s FLSA regular rate for 17 22 purposes of payment for hours which qualify as overtime under the FLSA.

Longevity Premium. Full-time regular and part-time regular nurses shall 9 receive the following longevity premiums based upon their length of service with the Department. after 8 years (96 months) of service 2% above the nurse’s Step after 10 years (120 months) of service 3% above the nurse’s Step after 12 years (144 months) of service 4% above the nurse’s Step after 15 years (180 months) of service 5% above the nurse’s Step after 17 years (204 months) of service 6% above the nurse’s Step after 20 years (240 months) of service 7% above the nurse’s Step 11 12 13 14 15 16 Longevity premium pay shall be included in the calculation of the nurse’s FLSA regular rate for 17 purposes of payment for hours which qualify as overtime under the FLSA.