Pay Upon Transfer Sample Clauses

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 employeesred 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.
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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. 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. It is recognized that because of the nature of municipal employment, employees may be called upon to work outside their usual classification. In establishing regular rates of pay and assigning employees thereto, allowances have been made for this. It is, therefore, agreed that employees shaiI carry out the work assignments given to them by their foremen, and that their normal rates of pay shall not be reduced. I£: however, an employee works on another job for more than two (2) consecutive days, he shall be paid the rate of such job for the first two (2) days and for as many consecutive days immediately thereafter as he remains working on it.
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%.
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Pay Upon Transfer. When an employee is transferred from one class and department to another department in the same class, the salary and merit increase eligibility date shall not change.
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.

Related to Pay Upon Transfer

  • Non-Transferable The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's lifetime only by the Grantee or his guardian or legal representative.

  • Exchange and Registration of Transfer of Notes; Restrictions on Transfer Depositary 16 Section 2.06. Mutilated, Destroyed, Lost or Stolen Notes 22 Section 2.07. Temporary Notes 23 Section 2.08. Cancellation of Notes Paid, Converted, Etc. 24 Section 2.09. CUSIP Numbers 24 Section 2.10. Additional Notes; Repurchases 24

  • Restriction on Transfer This Warrant and the rights granted to the holder hereof are transferable, in whole or in part, upon surrender of this Warrant, together with a properly executed assignment in the form attached hereto, at the office or agency of the Company referred to in Paragraph 7(e) below, provided, however, that any transfer or assignment shall be subject to the conditions set forth in Paragraph 7(f) hereof and to the applicable provisions of the Securities Purchase Agreement. Until due presentment for registration of transfer on the books of the Company, the Company may treat the registered holder hereof as the owner and holder hereof for all purposes, and the Company shall not be affected by any notice to the contrary. Notwithstanding anything to the contrary contained herein, the registration rights described in Paragraph 8 are assignable only in accordance with the provisions of that certain Registration Rights Agreement, dated June 18, 2004, by and among the Company and the other signatories thereto (the "Registration Rights Agreement").

  • Rights of First Refusal The Company is not obligated to offer the securities offered hereunder on a right of first refusal basis or otherwise to any third parties including, but not limited to, current or former stockholders of the Company, underwriters, brokers, agents or other third parties.

  • Conditions to Payment, Transfer or Exchange Freddie Mac, its agent or any other person potentially required to withhold with respect to payments on a Note shall have the right to require a Holder of a Note, as a condition to payment of principal of or interest on such Note, or as a condition to transfer or exchange such Note, to present at such place as Freddie Mac, its agent or such other person shall designate a certificate in such form as Freddie Mac, its agent or such other person may from time to time prescribe, to enable Freddie Mac, its agent or such other person to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Freddie Mac, the Global Agent, the Exchange Administrator or such other person, as the case may be, may be required to deduct or withhold from payments in respect of such Note under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof; and (ii) any reporting or other requirements under such laws, regulations or interpretations. Freddie Mac, its agent or such other person shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate or, if no certificate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.

  • Non-Transferability of Option This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

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