Years of service bonus Sample Clauses

Years of service bonus. An employee who was paid a years of service bonus before 1 July 2002 will maintain this bonus.
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Years of service bonus. The supplemental wage paid to senior salaried employees whose employment has lasted without interruptions for 12 years shall be EUR 104.26 as of 1 Febru- ary 2021, and EUR 106.14 as of 1 March 2022.
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Years of service bonus. In addition, employees will receive an annual (paid by December 20th) lump sum bonus for years of service.  12 month employees must start by August 15th and work through June 30th of the next calendar year to earn 1 year of service credit for bonus.  School year employees must start by October 1st and finish the school year to earn 1 year of service credit for bonus.  Any employee with more than 25 unpaid days of leave in a year will not receive credit for 1 year of service. Years of service- Starts with the 1st full year of service Amount of bonus More than 3 hours/day Amount of bonus part time employees 3 hours/day or less 3-4 years $ 50.00 $ 25.00 5-9 years $200.00 $ 50.00 10-14 years $300.00 $100.00 15-19 years $400.00 $150.00 20-24 years $500.00 $200.00 25+ years $600.00 $250.00 SALARY STEP ADVANCEMENT Employees who are hired on or before January 1st of the fiscal year will advance one step on the salary schedule the following year. Employees who are hired after January 1st of the fiscal year will remain on the same salary step the following year.
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Years of service bonus. 1. An employee who has been continuously employed by the employer is entitled to a one-off bonus of: - A quarter of the salary for an employment contract of 12.5 years (gross); - Half of the salary for an employment of 25 years (net); - A full salary for an employment of 40 years (net).
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Years of service bonus. The method of calculating the jubilee bonus will be simplified. With effect from 1 July 2018 paragraph 2 will be amended as follows: If the contractual working hours have changed in the five year period before the service anniversary, the salary is increased or decreased pro rata over these five years. Meal allowance (as of 1 July 2018) A new article is added to Chapter 11:
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Years of service bonus. ‌ Each eligible employee will receive a one-time, non- repeating, non-cumulative longevity bonus paid in the year of employment noted below:
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Related to Years of service bonus

  • Years of Service (i) A Participant’s Years of Service shall include all service performed for the Employer and ¨ Shall ¨ Shall Not include service performed for the Related Employer.

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • PERIOD OF SERVICE The Consultant shall complete the Services on or before December 31, 2019 (the “Deadline”), unless the Authority agrees to extend the Deadline for good reason; provided, however, that the Authority may terminate this Contract at any time in accordance with Section 14. Time is of the essence in performance of this Contract. There will be no obligation established between Authority and the Consultant for performance of the Services until Authority provides the Consultant execution of this Contract and receipt by the Authority of appropriate Certificates of Insurance and other documentation as may be required herein. The term of this Contract (“Term”) shall begin on the Effective Date and shall end on the first to occur of the following: (1) the Deadline, as the same may have been extended by the Authority, (2) the date on which, in the opinion of Authority, all of the Services have been rendered, (3) the date on which this Contract is terminated by the Authority pursuant to Section 14, or (4) the date on which this Contract is terminated by the Consultant pursuant to Section 14.

  • Credited Service A year of “Credited Service” shall mean a calendar year in which the Participant is paid for at least 1,000 hours of service (as defined in the frozen Hasbro Pension Plan) as an employee of the Company or of a Subsidiary of the Company. A Participant does not need to be, or have been, a participant in the Hasbro Pension Plan.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Sick Leave Bonus For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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