Pay Upon Transfer Clause Samples
The "Pay Upon Transfer" clause establishes that payment obligations are triggered only when ownership or possession of goods or property is officially transferred from one party to another. In practice, this means that the buyer is not required to pay until the seller has completed delivery or met specific transfer conditions, such as handing over legal title or physical possession. This clause ensures that payment is closely tied to the actual exchange of goods or property, protecting buyers from paying before receiving what they are purchasing and providing sellers with a clear milestone for payment collection.
Pay Upon Transfer. The employee’s salary in the new position will be their former salary or that of the next available step in the pay progression schedule for the new title which provides for an increase in salary if no equal pay progression step exists. If the employee’s salary in the former position is greater than the maximum salary applicable to the new title, the employee’s salary will be red circled until the maximum salary for the new title meets the employees’ red circled rate. Such employees shall, however, be eligible for fifty percent (50%) of the negotiated general increase occurring during the term of the Agreement. Lateral transfers shall not affect anniversary dates of employment for pay progression purposes.
Pay Upon Transfer. The employee’s salary in the new position will be supplemented, if necessary, to comply with the Worker’s Compensation Statutes. Lateral transfers shall not affect anniversary dates of employment for pay progression purposes.
Pay Upon Transfer. When an employee attains a position in another classification which provides for an identical pay progression schedule they shall retain the same pay step as was applicable in their previous position and the employee shall retain the same anniversary date for future pay increase effective dates.
Pay Upon Transfer. When an employee is transferred or certified from one classification to another in the same grade he/she shall retain the same pay step as was applicable in his/her previous position and the employee shall retain the same anniversary date for future pay increase effective dates.
Pay Upon Transfer. Employees who transfer to a position assigned the same 21 pay range shall be placed at the step of the new pay range, which is closest to, but not less than the 22 pay step that the employee received before the transfer. However, this step may not exceed the 23 maximum of the new pay range except where the employee was receiving above-Step-10 merit pay in 24 their former position, in which case such pay may exceed the top step of the new range by no more 25 than 5%.
Pay Upon Transfer. When an employee attains a position in another classification which provides for an identical top salary/wage he/she shall retain the same pay step as was applicable in his/her previous position and the employee shall retain the same anniversary date for future pay increase effective dates. If the top salary/wage in the new position is higher, follow Subdivision 1. Pay Upon Advancement. If the top salary/wage in the new position is lower, follow Subdivision 3. Pay Upon Voluntary Demotion.
Pay Upon Transfer. The employee’s salary in the new position will be determined by the hiring manager, taking into consideration the employee’s qualifications, years of experience, and salary expectations; the existing labor market; and internal equity. If the employee’s salary expectations are based on the employee’s salary in the former position and the employee’s salary in the former position is greater than the maximum salary applicable to the new title, the employee’s salary will be red circled until the maximum salary for the new title meets the employees’ red circled rate. Such employees shall, however, be eligible for fifty percent (50%) of the negotiated general increase occurring during the term of the Agreement. Lateral transfers shall not affect anniversary dates of employment for pay progression purposes.
Pay Upon Transfer. Employees who transfer to a position assigned the same pay range shall be placed at the step of the new pay range, which is closest to, but not less than the pay step that the employee received before the transfer. However, this step may not exceed the maximum of the new pay range except where the employee was receiving above-Step-10 merit pay in their former position, in which case such pay may exceed the top step of the new range by no more than 5%. The employee will receive Merit Pay at the start of the new calendar year if they earned Merit Pay for the following year before their transfer.
Pay Upon Transfer. Employees transferred to a job within the same salary range will continue to receive their existing rate of pay. Employees transferred, at management's request, for other than cause or reduction in force, to a job in a lower salary range will continue to be paid at their former rate until such time as the pay range exceeds the employee's salary. Employees transferred at their own request, to a job in a lower salary rate will be paid at the lower rate commencing with the start of the new job.
Pay Upon Transfer. The employee’s salary in the new position will be determined by the hiring manager, taking into consideration the employee’s qualifications, years of experience, and salary expectations; the existing labor market; and internal equity. If the employee’s salary expectations are based on the employee’s salary in the former position and the employee’s salary in the former position or that of the next available step in the pay progression schedule for the new title which provides for an increase in salary if no equal pay progression step exists. If the employee’s salary in the former position is greater than the maximum salary applicable to the new title, the employee’s salary will be red circled until the maximum salary for the new title meets the employees’ red circled