Common use of LONGEVITY PLAN Clause in Contracts

LONGEVITY PLAN. A longevity stipend shall be issued by July 30 for employees who complete full school years of continuous employment with Shore at the levels below any approved paid or unpaid leave provided by statute or shore policy will not be considered an interruption in service. After 5 years of service = $300.00 After 10 years of service = $600.00 After 15 years of service = $800.00 After 20 years of service = $1,000

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement