Common use of Longevity Allowance Clause in Contracts

Longevity Allowance. A. Each full-time employee covered under this agreement shall receive a longevity allowance as follows: 1. After ten (10) years of continuous service to the college, a lump sum payment of Five Hundred ($500.00) Dollars annually. 2. After fifteen (15) years of continuous service to the college, a lump sum payment of Six Hundred ($600.00) Dollars annually. 3. After twenty (20) years of continuous service to the college, a lump sum payment of Seven Hundred ($700.00) Dollars annually. B. The initial payment will be made in one lump sum in December if the employee's anniversary date falls on or before July 1 of a given calendar year. If the employee's anniversary date is after July 1 of a given year, the initial longevity payment will be made in December of the following year. After the initial longevity payment has been received, the payments will be made in December of each year thereafter. Payment will only be made to individuals in the Unit and active on the payroll as of the date of payment. C. If an employee is eligible for longevity, he/she shall be paid the amount earned regardless of leave status (including being on long-term disability) except that employees who have been in an unpaid status for one or more years as of November 30 will not receive the annual longevity payment. Eligibility for longevity ends upon separation from employment. D. Less than full-time employees are not entitled to receive longevity pay. If the less than full-time employee becomes full-time, the total hours accumulated while working as a less than full-time employee would be counted as service credit in determining eligibility for longevity. Each 2080 hours worked as a less than full-time employee shall be counted as a year of service when determining eligibility.