Common use of Longevity Program Clause in Contracts

Longevity Program. An employee who has worked full-time for the district for ten (10) consecutive years will receive longevity compensation as set forth below. Longevity shall be earned based on the employee’s anniversary date of hire. It is an annual non-compounding compensation to be paid in equal installments throughout the year. This benefit is based on the following: 10 – 14 years $500 15 – 19 years $750 20 – 24 years $1250 25 + $1500

Longevity Program. An employee who has worked full-time for the district for ten (10) consecutive years will receive longevity compensation as set forth below. Longevity shall be earned based on the employee’s anniversary date of hire. It is an annual non-compounding compensation to be paid in equal installments throughout on December 15 and June 30 of the yearyear in which it is earned. Employees participating in the Retirement Program shall receive both installments in one lump sum post retirement. This benefit is based on the following: 10 – 14 years $500 15 – 19 years $750 20 – 24 years $1250 25 + $15001500 10 – 14 years $350 15 – 19 years $525 20 – 24 years $875 25 + $1,050