Common use of Service Bonus Clause in Contracts

Service Bonus. On a once only basis on completion of an employee’s 25th year of continuous service from their most recent date of hire, they will be entitled to one (1) bonus week of vacation entitlement. If the employee never received the bonus week of vacation, they will be eligible for one (1) bonus week of vacation in the year of retirement with a minimum of twenty (20) years of continuous service.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Service Bonus. On a once only basis on completion of an employee’s 25th year of continuous service from their most recent date of hire, they will be entitled to one (1) bonus week of vacation entitlement. If the employee never received the bonus week of vacation, vacation they will be eligible for one (1) bonus week of vacation in the year of retirement with a minimum of twenty (20) 20 years of continuous service.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Service Bonus. On a once only basis on completion of an employee’s 25th year of continuous service from their most recent date of hire, they will be entitled to one (1) bonus week of vacation entitlement. If the employee never received the bonus week of vacation, they will be eligible for one (1) bonus week of vacation in the year of retirement with a minimum of twenty (20) 20 years of continuous service.

Appears in 1 contract

Samples: Collective Agreement

Service Bonus. On a once only basis on completion of an employee’s 25th year of continuous service from their most recent date of hire, they will be entitled to one (1) bonus week of vacation entitlement. If the employee never received the bonus week of vacation, they will be eligible for one (1) bonus week of vacation in the year of retirement employment is voluntarily terminated with a minimum of twenty (20) years of continuous service.

Appears in 1 contract

Samples: Collective Agreement

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Service Bonus. On a once only basis on completion of an employee’s 25th year of continuous service from their most recent date of hire, hire they will be entitled to one (1) bonus week of vacation entitlement. If the employee never received the bonus week of vacation, they will be eligible This does not apply for one (1) bonus week of vacation in the year of retirement with a minimum of twenty (20) years of continuous servicesubsequent years.

Appears in 1 contract

Samples: Collective Agreement

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