Completed Service definition
Examples of Completed Service in a sentence
For example, after 26 months of Completed Service, the Vesting Percentage for this Option will be 54.16%; after 36 months of Completed Service, it will be 75%; and after 48 months of Completed Service it will be 100%.
The bonus rate increases with the number of years of completed service as of June 30: Years of Completed Service Bonus Rate 1 but less than 3 $2.00/wk 3 but less than 5 $4.00/wk 5 but less than 7 $6.00/wk 7 or more $7.50/wk Employees who forfeit seniority for any reason except under Sections 4(b) or 4(c) of Article 11 are not entitled to receive the vacation bonus.
Longevity benefits shall be paid as follows: Years of Completed Service Bi-Weekly Dollar Amount 5 years $19.00 10 years $35.00 15 years $51.00 For purposes of longevity benefits, completed years of service shall be computed beginning with the anniversary date of the employee’s employment with the City and ending with the first day of the pay period.
All bargaining unit employees who have completed the years of service by December 31 of each year shall receive a longevity pay supplement as follows: Years of Completed Service Yearly Supplement Amount 5 years $500.00 10 years $620.00 15 years $680.00 20 years $745.00 25 years $805.00 Payable on or about December 1st each year, any bargaining unit member who retires before December 1 will receive a prorated supplement payment based upon the nearest whole month of completed service for that year.
If the Executive Council does not approve the inspection, preparations shall be stopped and no further action on the request shall be taken.
A regular employee shall be eligible for annual vacation time with pay on his anniversary date in accordance with the following: Completed Service Hours of Accrual for Each 80 Pay Hours Days Annual Accrual Annual Maximum 37 through 60 months 3.85 12.5 100 200 61 through 84 months 4.62 15 120 240 85 through 120 months 5.39 17.5 140 280 121 through 240 months 6.16 20 160 320 241 months or more 6.93 22.5 180 320 Vacation leave shall not accrue during a leave of absence without pay.
Accrual: Vacation shall be accrued for all regular twelve (12) month employees in accordance with the following: Years of Completed Service Rate Monthly Vacation Approx.
Full-time employees shall accrue hours of annual leave with pay for each hour of compensation (to a maximum of 80 hours per biweekly work period) according to the following schedule: Years of Completed Service Annual Leave Credit Earned per Hour Annual Leave Accrual Less than 5 .0769 20 working days 5 but less than 11 .0962 25 working days 11 .1000 26 working days 12 .1038 27 working days 13 .1077 28 working days 14 .1115 29 working days 15 or more .1154 30 working days B.
Regular full-time employees earn paid vacation leave for each year worked according to the following schedule: Years of Completed Service Vacation Days Earned (Accrual Rate) 1 10 (.83 days / month) 2 12 (1 day / month) 3+ 15 (1.25 days / month) Any employee wishing to schedule vacation time must request and receive approval in writing from your supervisor at least two weeks in advance.
Full-time employees shall accrue hours of annual leave with pay for each hour of compensation (to a maximum of 80 hours per biweekly work period) according to the following schedule: Years of Completed Service Less than 5 Annual Leave Credit Earned per Hour .0769 Annual Leave Accrual 20 working days 5 but less than 11 .0962 25 working days 11 .1000 26 working days 12 .1038 27 working days 13 .1077 28 working days 14 .1115 29 working days 15 or more .1154 30 working days B.