Longevity Premium definition

Longevity Premium. A premium paid to a Flight Attendant who has completed achieved sixteen (16) years of service (YOS)Occupational Seniority that is increased at the completion ofwhen s/he achieves twenty (20) YOS years of Occupational Seniority and every five (5) years thereafter. This will be paid on all Worked TFP.
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Longevity Premium. A premium paid to a Flight Attendant who has achieved sixteen (16) years Occupational Seniority that is increased when s/he achieves twenty (20) years of Occupational Seniority and every five (5) years thereafter. This will be paid on all Worked TFP. Low Time First Assigned (LTFA): A list used by Crew Scheduling for scheduling a Reserve that takes into consideration the reserves’ TFP credit, seniority order, preferences and the TFP value and certain parameters of sequences being assigned. Master Executive Council (MEC): A Master Executive Council will be the chief governing body for the membership at the airline and will consist of appointed officers including a President, Vice President and Secretary-Treasurer whose job responsibilities are outlined in the Association Constitution and Bylaws. Minimum Pay Rules: Rules governing the pay, credit and/or scheduling of sequences. Sections 10.Y. [Sequence Construction] and 21.D. [Minimum Pay Rules]. Month: Each calendar month will be a bid month except for January, February and March. ▪ January: January 1st – January 30th ▪ February: January 31st – March 1st ▪ March: March 2nd – March 31st Occupational Seniority (or “System Seniority”): Seniority that accrues from the date a Flight Attendant is placed on the payroll as a Flight Attendant, which will be retroactive to include credit for time spent in Initial Training as provided for in Section 6 [Seniority], and will continue to accrue during the Flight Attendant's period of service. Operational Incident Drop (Without Points): Flight Attendants may request and Inflight supervisors or managers or their designees will have the ability to offer Operational Incident Drops due to special circumstances. Such drops will be mutually agreeable between the parties. Operational Incident Drops will not carry attendance points and will not preclude the Flight Attendant from receiving record improvement under this Section. Operational Incident Drops will be unpaid unless pay is offered at management’s sole discretion. Management will be responsible for notifying Crew Scheduling, if appropriate. Open Time: All uncovered flying at any point in time until picked up or assigned. Performance Based Pay (PBP): An annual incentive pay plan in which a Flight Attendant is eligible to earn a percentage of her/his eligible earnings (as described in the Alaska Air Group Performance Based Pay Plan), based on the achievement of defined Company goals. Personal Drop(s) (PD): An unpaid drop awa...
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Longevity Premium. A premium paid to a Flight Attendant who has completed 59 achieved sixteen (16) years of service (YOS) Occupational Seniority that is increased at 60 the completion of when s/he achieves twenty (20) YOS years of Occupational Seniority 61 and every five (5) years thereafter. This will be paid on all Worked TFP. 63 Quarterly Productivity Premium (QPP): A premium paid to a Flight Attendant if 64 Worked TFP during a calendar quarter exceeds the TFP equivalent of the Flight 65 Attendant’s combined monthly PBS bid award in that calendar quarter. 67 Productivity Premium Program (PPP): A premium paid to a Flight Attendant if 68 Worked TFP and paid and unpaid vacation credit meets or exceeds the qualifying TFP 69 targets outlined in Section 21.R [Structured Productivity Premium]. 71 Occupational Seniority (or “System Seniority”): Seniority that begins to accrues 72 from the date a Flight Attendant is placed on the payroll as a Flight Attendant, which will 73 be retroactive to include credit for time spent in Initial Training as provided for in 74 Section 6 [Seniority], from which date seniority and will continue to accrue during the 75 Flight Attendant's period of service. 77 SECTION 6: SENIORITY 79 A. OCCUPATIONAL SENIORITY APPLICATIONS 80 81 1. Company Seniority 82
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Examples of Longevity Premium in a sentence

  • Longevity Premium (Longevity Premium does not apply to P103 Per Diem Nurses) 312.

  • The annual Uniform Allowance shall be paid in combination with Longevity Premium Pay, as a separate check.

  • In 2019 on their anniversary date the employee would move right on the schedule to $17.24; in 2020 on their anniversary date the employee would move across to $18.05 and in 2021 the employee would move across on their anniversary date to $18.63.) LONGEVITY PREMIUM Effective March 14, 2007, the Longevity Premium will be four dollars ($4.00) per month/year of service up to a maximum of seventy dollars ($70.00) per month payable after eighteen (18) years of credited service.

  • Longevity Premium The Employer shall pay the following longevity premiums based on the employee's years of service.

  • Premium Pay Longevity Premium – Employees with eighteen (18) years of service or more shall receive a one-time premium of fifty cents ($0.50) per hour.

  • Upon ratification, employees who have completed the required years of service will be provided the following longevity premiums: Longevity Premium Completion of Years of Service 8 YRS 10 YRS 15 YRS 20 YRS Premium 1% 2% 3% 4% Percentages are based on actual base salary.

  • Captains who have completed the required years of service with the Xxxxxxxx County Sheriff’s Office will be provided the following longevity premiums: Longevity Premium Completion of 10 Yrs 15 Yrs 20 Yrs Years of Service 1.0% 2.0% 3.0% Example: A Captain with 15-years of experience working for the Xxxxxxxx County Sheriff’s Office receives 2.0%.

  • Effective March 14, 2007, the Longevity Premium will be four dollars ($4.00) per month/year of service up to a maximum of seventy dollars ($70.00) per month payable after eighteen (18) years of credited service.

  • Employees who have completed the required years of service will be provided the following longevity premiums: Longevity Premium Completion of 3 Yrs 8 Yrs 10 Yrs 15 Yrs 20 Yrs Years of Service 1.0% 2.0% 3.5% 4.5% 6.0% Example: A 15-year deputy receives 4.5%.

Related to Longevity Premium

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Salvage Yard means any non-residential property used for the storage, collection, and/or recycling of any type of equipment, and including but not limited to vehicles, appliances and related machinery.

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Premium Loading means the additional premium on top of the Standard Premium charged by the Company to the Policy Holder according to the additional risk assessed for the Insured Person.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Scheduled Maintenance Time means the time that the System is not in service due to a scheduled activity as defined in this SLA. The scheduled maintenance time would not be during business hours. Further, scheduled maintenance time is planned downtime with the prior permission of AIC.

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Furniture maintenance product means a wax, polish, conditioner, or any other product designed for the purpose of polishing, protecting or enhancing finished wood surfaces other than floors. “Furniture Maintenance Product” does not include dusting aids, products designed solely for the purpose of cleaning, and products designed to leave a permanent finish such as stains, sanding sealers and lacquers.

  • Premium payment plan means a benefit plan whereby state and

  • Insurance premium finance company means a person engaged in the business of

  • AHYDO Catch-Up Payment means any payment, including payments made on subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5) of the Code.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.