Common use of Calculation of Payment Clause in Contracts

Calculation of Payment. 27 A. Normal payments - in general. 28 (1) Such longevity pay shall be paid to each eligible employee in 29 January and July of each year and shall normally cover the six (6) 30 months preceding the month in which payment is made. 1 (2) Longevity pay for each eligible employee shall be calculated by 2 multiplying the base pay of such employee for the month in which 3 such longevity pay is to be paid by the number of months 4 intervening from the month preceding the month in which longevity 5 pay was last made to and including the month preceding the month 6 in which payment of longevity pay is to be made. The results thus 7 obtained shall then be multiplied by the applicable percentage rate 8 as shown in the schedule in Section 16.1 and the result shall be the 9 amount of longevity to be paid. 10 B. Proration 11 Notwithstanding the provisions of Subsection 16.6A above, the provisions 12 of this Subsection 16.6B shall apply when applicable: 13 In the event an employee’s anniversary of his/her adjusted service date 14 for longevity purposes falls within any six (6) month period for which the 15 employee is being paid under the provisions hereof, then the number of 16 full months service in such period after the said employee’s anniversary of 17 his/her adjusted service date shall be computed at the higher rate 18 indicated above and the remainder of the months shall be calculated at 19 the lower rate indicated above. (Example: if an employee hired out as a 20 regular full-time employee with the City on January 13, 1978, the 21 employee’s twenty (20) year anniversary of his/her adjusted service date 22 would be on January 13, 1998. For the payment in July 1998, the 24 percent (4%) rate and for February, March, April, May and June 1998, 25 calculated at five percent (5%) rate.)

Calculation of Payment. 27 15 A. Normal payments - in general. 28 16 (1) Such longevity pay shall be paid to each eligible employee in 29 17 January and July of each year and shall normally cover the six (6) 30 18 months preceding the month in which payment is made. 1 19 (2) Longevity pay for each eligible employee shall be calculated by 2 20 multiplying the base pay of such employee for the month in which 3 21 such longevity pay is to be paid by the number of months 4 22 intervening from the month preceding the month in which longevity 5 23 pay was last made to and including the month preceding the month 6 24 in which payment of longevity pay is to be made. The results thus 7 25 obtained shall then be multiplied by the applicable percentage rate 8 26 as shown in the schedule in Section 16.1 and the result shall be the 9 27 amount of longevity to be paid. 10 28 B. Proration 11 29 Notwithstanding the provisions of Subsection 16.6A 16.6.A. above, the 30 provisions 12 of this Subsection 16.6B 16.6.B. shall apply when applicable: 13 : 1 In the event an employee’s anniversary of his/her adjusted service date 14 2 for longevity purposes falls within any six (6) month period for which the 15 3 employee is being paid under the provisions hereof, then the number of 16 4 full months service in such period after the said employee’s anniversary of 17 5 his/her adjusted service date shall be computed at the higher rate 18 6 indicated above and the remainder of the months shall be calculated at 19 7 the lower rate indicated above. (Example: if an employee hired out as a 20 8 regular full-time employee with the City on January 13, 1978, the 21 9 employee’s twenty (20) year anniversary of his/her adjusted service date 22 10 would be on January 13, 1998. For the payment in July 1998, the 24 11 employee would receive payment for January 1998, calculated at the four 12 percent (4%) rate and for February, March, April, May and June 1998, 25 13 calculated at five percent (5%) rate.)

Calculation of Payment. 27 5 A. Normal payments - in general. 28 6 (1) Such longevity pay shall be paid to each eligible employee in 29 7 January and July of each year and shall normally cover the six (6) 30 8 months preceding the month in which payment is made. 1 9 (2) Longevity pay for each eligible employee shall be calculated by 2 10 multiplying the base pay of such employee for the month in which 3 11 such longevity pay is to be paid by the number of months 4 12 intervening from the month preceding the month in which longevity 5 13 pay was last made to and including the month preceding the month 6 14 in which payment of longevity pay is to be made. The results thus 7 15 obtained shall then be multiplied by the applicable percentage rate 8 16 as shown in the schedule in Section 16.1 and the result shall be the 9 17 amount of longevity to be paid. 10 18 B. Proration 11 19 Notwithstanding the provisions of Subsection 16.6A above, the provisions 12 20 of this Subsection 16.6B shall apply when applicable: 13 21 In the event an employee’s anniversary of his/her adjusted service date 14 22 for longevity purposes falls within any six (6) month period for which the 15 23 employee is being paid under the provisions hereof, then the number of 16 24 full months service in such period after the said employee’s anniversary of 17 25 his/her adjusted service date shall be computed at the higher rate 18 26 indicated above and the remainder of the months shall be calculated at 19 27 the lower rate indicated above. (Example: if an employee hired out as a 20 28 regular full-time employee with the City on January 13, 1978, the 21 29 employee’s twenty (20) year anniversary of his/her adjusted service date 22 30 would be on January 13, 1998. For the payment in July 1998, the 24 2 percent (4%) rate and for February, March, April, May and June 1998, 25 3 calculated at five percent (5%) rate.)