Twenty Years Clause Samples
The "Twenty Years" clause establishes a fixed duration of twenty years for the agreement or a specific obligation within the contract. In practice, this means that the rights, responsibilities, or restrictions outlined in the relevant section will remain in effect for a full twenty-year period from the effective date. For example, a license to use intellectual property or a non-compete restriction might be set to last for twenty years under this clause. The core function of this clause is to provide certainty and predictability regarding the length of time the parties are bound by the agreement, preventing ambiguity or disputes over when obligations expire.
Twenty Years. All full-time employees who have been continuously employed by the Employer for twenty (20) years shall receive five (5) weeks’ vacation with full pay.
Twenty Years. A Unit Member who has been employed with the District in a bargaining unit position for twenty (20) consecutive years shall be granted a longevity increment of twenty (20) percent.
Twenty Years. The period of Affordability is twenty (20) years (“Affordability Period”).
Twenty Years. Employees with twenty (20) years or more continuous service as of January 1st in the year shall receive four (4) weeks vacation and/or earn vacation pay in an amount equivalent to four percent (10%) of their earnings during the preceding twelve (12) month period.
Twenty Years. 4.4.4.1 A member who is employed not less than 20 hours a week, and who has served in the employ of the District for twenty (20) years shall be granted a career increment at twenty years equivalent to 15.0% of the basic monthly salary to which they are entitled in their respective position, time assignment, and salary schedule classification as established by the Board of Trustees.
Twenty Years. Any employee eligible to retire in accordance with the regulations of the New York State Teachers Retirement System (“NYSTRS”) or the New York State Employees Retirement System (“NYSERS”), who has been employed by the District a minimum of twenty (20) years, who provides written notification of his/her retirement to the Superintendent five (5) months prior to retirement and who has accumulated 200 sick leave days at retirement shall be entitled to the following:
(1) Forty-five hundred dollars ($4,500) per year for life (family coverage) or twenty-three hundred dollars ($2,300) for life (single coverage) to be applied to the payment of health costs incurred at the option of the employee. An employee’s surviving spouse shall receive twenty-three hundred dollars ($2,300) per year for life to be applied to the payment of health insurance premiums or any other health costs incurred.
(2) The above amounts are to be prorated on the basis of a maximum of 200 accumulated sick leave days at retirement.
Twenty Years. A Confidential employee who is employed not less than 10 hours a week, and who has served as an employee of the Santa ▇▇▇▇▇▇▇ Community College District for twenty (20) years, shall be granted a career increment of an additional 5% at twenty years equivalent to 15% of their basic monthly salary to which they are entitled in their respective position, time assignment, and salary schedule classification as established by the Board of Trustees.