Common use of Service Recognition Program Clause in Contracts

Service Recognition Program. 1. In special recognition of longevity and extraordinary services provided to the Matanuska-Susitna Borough School District by selected classified employees, there is hereby established a Service Recognition Program. 2. The salary incentive which this program provides is for services rendered and shall apply only to classified employees who are eligible to retire under PERS and who notify the Human Resources Department of their intention to retire at least 90 days prior to their retirement date. In addition to the final pay check, the employee will receive a check reflecting $150 for each completed year of service. It is understood that the amount of the incentive will not be included in the PERS retirement calculation.

Service Recognition Program. 1. In special recognition of longevity and extraordinary services provided to the Matanuska-Susitna Borough School District by selected classified employees, there is hereby established a Service Recognition Program. 2. The salary incentive which this program provides is for services rendered and shall apply only to classified employees who are eligible to retire under PERS and who notify the Human Resources Department of their intention to retire at least 90 calendar days prior to their retirement date. In addition to the final pay check, the employee will receive a check reflecting $150 for each completed year of service. It is understood that the amount of the incentive will not be included in the PERS retirement calculation.