Common use of Service Award Clause in Contracts

Service Award. Service Awards will be paid annually to regular full-time Employees on the first pay period in December, as follows: Completed Years Continuous Service Service Award Paid Annually 6 1/2 years $500/year 10 years $750/year 15 years $1,000/year 20 years 25 years $1,500/year $2,000/year

Service Award. Service Awards awards will be paid annually to regular full-time Employees employees on the first pay period in December, as follows: Completed Years Continuous Service Service Award Paid Annually 6 1/2 ½ years $500/year 10 years $750/year 15 years $1,000/year 20 years 25 years $1,500/year 25 years $2,000/yearyear Part time employees will receive a prorated portion of service award based on the employee’s FTE percent.

Service Award. Service Awards awards will be paid annually to regular full-full time Employees employees on the first pay period in December, as follows: Completed Years Continuous Service Service Award Paid Annually 6 1/2 ½ years $500/year 10 years $750/year 15 years $1,000/year 20 years 25 years $1,500/year 25 years $2,000/yearyear Part time employees will receive a prorated portion of service award based on the employee’s FTE percent.