Common use of Longevity Stipend Clause in Contracts

Longevity Stipend. 39 40 In addition to the above, the longevity stipend will be $1,750 for every staff member beyond 41 year 16 to year 19 on the XXX in columns 1-9. The longevity stipend will be $2,750 for 42 every staff member from year 20 to year 24 on the XXX in columns 1-9. The longevity 43 stipend will be $3,750 for every staff member from year 25 to year 29 on the XXX in 44 columns 1-9. The longevity stipend will be $4,750 for every staff member at year 30 and 45 beyond on the XXX in columns 1-9. 47 Longevity stipends will be paid in full to each employee who qualifies based on years of 48 service, regardless of FTE status, as outlined above. 49 50

Longevity Stipend. 39 40 In addition to the above, the longevity stipend will be $1,750 for every staff member beyond 41 year 16 to year 19 on the XXX in columns 1-9. The longevity stipend will be $2,750 for 42 every staff member from year 20 to year 24 on the XXX in columns 1-9. The longevity 43 stipend will be $3,750 for every staff member from year 25 to year 29 on the XXX in 44 columns 1-9. The longevity stipend will be $4,750 for every staff member at year 30 and 45 beyond on the XXX in columns 1-9. 47 Longevity stipends will be paid in full to each employee who qualifies based on years of 48 service, regardless of FTE status, as outlined above. 49 5049