Change in Pay Sample Clauses
The "Change in Pay" clause establishes the conditions under which an employee's compensation may be adjusted during the course of their employment. Typically, this clause outlines the circumstances that could lead to an increase or decrease in salary, such as changes in job responsibilities, performance evaluations, or company-wide pay adjustments. By clearly defining the process and criteria for modifying pay, this clause helps prevent misunderstandings and ensures both parties are aware of how and when compensation changes can occur.
Change in Pay. An employee who bumps into a position in the same pay grade will remain at the same step and pay level. Employees bumping into lower pay level positions will be placed on the pay scale of the lower grade and their pay will be adjusted to the amount of the step in the new grade closest to, but not more than, their previous pay and the change shall be effective the first day of the first full pay period following the job change. An employee who had not attained step F in their former position shall not be eligible for step F in the new position until such time as the employee would have been eligible in the prior position.
Change in Pay. Promotions:
A. When an employee in one classification is promoted to a position in a higher paying classification and his current rate of pay is less than the minimum rate for a new position, it shall be increased to the new minimum rate.
B. When an employee in one classification is promoted to a position in a higher paying classification and his current rate of pay is between steps in the salary range of the new position, it shall be increased to the next step. Transfers:
A. When an employee in one classification voluntarily requests a transfer to a position in a lower paying classification, and his current rate of pay exceeds the maximum rate for the new position, it shall be reduced to the new maximum rate of the new position.