Common use of Longevity Stipend Clause in Contracts

Longevity Stipend. An employee who meets the qualifications shall receive a longevity stipend of 2.5% of their annual salary paid in a single payment in October of the year they qualifiy. Such payment shall be paid once every three years to qualified employees. To qualify, employees must be repeating on the 6th step and must have been continuously employed in a bargaining unit position in October. Qualified means any employee who is repeating at the 6th step of any salary range and has 10 or more years of continuous service with the District in a bargaining unit. No employee shall receive a longevity stipend more often than once in any three-year period.

Longevity Stipend. ‌ An employee who meets the qualifications shall receive a longevity stipend of 2.5% of their annual salary paid in a single payment in October of the year they qualifiy. Such payment shall be paid once every three years to qualified employees. To qualify, employees must be repeating on the 6th step and must have been continuously employed in a bargaining unit position in October. Qualified means any employee who is repeating at the 6th step of any salary range and has 10 or more years of continuous service with the District in a classified bargaining unitunit position. No employee shall receive a longevity stipend more often than once in any three-year period. Employees working out -of-class will have their qualification for the stipend calculated based on their step placement on the salary range of the position in which they otherwise would be working.

Longevity Stipend. An employee who meets the qualifications shall receive a longevity stipend of 2.5% of their his/her annual salary paid in a single payment in October of the year they qualifiyhe/she qualifies. Such payment shall be paid once every three years to qualified employees. To qualify, employees must be repeating on the 6th step and must have been continuously employed in a bargaining unit position in October. Qualified means any employee who is repeating at the 6th step of any salary range and has 10 or more years of continuous service with the District in a bargaining unit. No employee shall receive a longevity stipend more often than once in any three-year period.