Common use of Being laid off Clause in Contracts

Being laid off. 2. If the acceptance of a position pursuant to options "1)" or "2)" above results in the employee being demoted, said employee shall retain his/her present salary and shall continue to be eligible to participate in annual or negotiated adjustments. Employees who are grandfathered pursuant to the terms of this section shall be required to accept any vacant position or positions for which they are qualified until they return to their grandfathered range of pay. The latter shall not apply to employees who have been reclassified.

Being laid off. 2. If the acceptance of a position pursuant to options "1)" or "2)" above results in the employee being demoted, said employee shall retain his/her present salary and shall continue to be eligible to participate in annual or negotiated adjustments. Employees who are grandfathered red circled pursuant to the terms of this section shall be required to accept any vacant position or positions for which they are qualified until they return to their grandfathered red-circled range of pay. The latter shall not apply to employees who have been reclassified.