Common use of Service Recognition Program Clause in Contracts

Service Recognition Program. 1. For FY 1999/2000, eligible employees who have reached at least the ten (10) year County service bench xxxx as outlined in Section 5 below, as of October 1, 1999, will receive 50% of the amount for each of the bench marks currently and previously reached. For example, an eighteen (18) year employee would receive 50% of the gross lump sum amounts for the ten (10) year bench xxxx and the fifteen (15) year bench xxxx. That is, the employee would receive half of $475 for ten (10) years and $775 for the fifteen (15) years totaling $625. The employee will receive this one time gross lump sum payment in the first full pay period in December 1999.

Service Recognition Program. 1. For FY 1999/2000, eligible employees who have reached at least the ten (10) year County service bench xxxx mark as outlined in Section 5 below, as of October 1, 1999, will receive 50% of the amount for each of the bench marks currently and previously reached. For example, an eighteen (18) year employee would receive 50% of the gross lump sum amounts for the ten (10) year bench xxxx mark and the fifteen (15) year bench xxxxmark. That is, the employee would receive half of $475 for ten (10) years and $775 for the fifteen (15) years totaling $625. The employee will receive this one time gross lump sum payment in the first full pay period in December 1999.