Common use of Long Service Increments Clause in Contracts

Long Service Increments. Upon reaching 10 years of service, members will receive a $1,000 one-time lump sum long service bonus. Upon reaching 15 years of service, members will receive a $1,500 one-time lump sum long service bonus. Upon reaching 20 years of Service, members will receive a $2,000 one-time lump sum long service bonus. Upon reaching 25 years of service, members will receive a $2,500 one-time lump sum long service bonus. ON BEHALF OF THE EMPLOYER ON BEHALF OF THE UNION DATE: DATE:

Long Service Increments. Upon reaching 10 years of service, members will receive a $1,000 one-time lump sum long service bonus. Upon reaching 15 years of service, members will receive a $1,500 one-time lump sum long service bonus. Upon reaching 20 years of Service, members will receive a $2,000 one-time lump sum long service bonus. Upon reaching 25 years of service, members will receive a $2,500 one-time lump sum long service bonus. ON BEHALF LETTER OF THE EMPLOYER ON BEHALF OF THE UNION DATE: DATE:UNDERSTANDING #4 BETWEEN‌‌