The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LONGEVITY PAY Definition & Legal Meaning

Definition & Citations:

A contract to provide annual seniority-based employee compensation. Given as compensation for their service to top pay-scale employees.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.