Moves to Positions with Lower Market Rates Sample Clauses

Moves to Positions with Lower Market Rates. A move to a position with lower market rate is defined as at least 10 percent lower when comparing market rates between the former position and the new position. Employees moving to positions with lower market rates (for any reason other than returns following temporary promotions) receive between a 0 - 5 percent decrease in basic annual salary rate. However, the decrease may be greater than 5 percent if necessary to bring the new rate to 120 percent of the market rate for the new position. The amount of decrease in basic annual salary rate received upon return following temporary promotion is equal to the initial actual dollar amount increase in basic annual salary rate received upon such temporary promotion.
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Related to Moves to Positions with Lower Market Rates

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