Common use of Longevity Pay Clause in Contracts

Longevity Pay. Effective July 1, 2016, employees will qualify for the following amounts effective July 1st at the beginning of the year in which they will have completed the years of service listed below: Years of Service Salaried Hourly 15 years of service $1,000 annually $0.48 per hour 20 years of service $2,000 annually $0.96 per hour 25 years of service $3,000 annually $1.44 per hour

Longevity Pay. Effective July 1, 20162022, all employees will qualify for the following amounts effective July 1st at the beginning of the year in which they will who have completed the ten (10) fifteen (15) and twenty (20) years of service listed belowshall receive the following monthly longevity pay increases to their regular monthly pay beginning with the anniversary of their 10th, 15th or 20th year. 10 years of service: Years of Service Salaried Hourly $130.00 per month 15 years of service service: $1,000 annually $0.48 180.00 per hour month 20 years of service service: $2,000 annually $0.96 230.00 per hour 25 years of service $3,000 annually $1.44 per hourmonth

Longevity Pay. Effective July 1, 2016, employees will qualify for the following amounts effective July 1st at the beginning of the year in which they will have completed the years of service listed below: Years Y ears of Service Salaried Hourly S alaried H ourly 15 years of service $1,000 annually $0.48 per hour 20 years of service $2,000 annually $0.96 per hour 25 years of service $3,000 annually $1.44 per hour