Reallocation to a Class with an Equal Salary Range Maximum Sample Clauses

The 'Reallocation to a Class with an Equal Salary Range Maximum' clause defines the process for transferring an employee to a different job classification that has the same maximum salary range as their current position. In practice, this means that if an employee's role is reclassified or organizational changes require a shift, the employee can be moved to a new class without affecting their earning potential, as the salary cap remains unchanged. This clause ensures that employees are not financially disadvantaged by necessary reassignments, maintaining fairness and stability in compensation during organizational restructuring.
Reallocation to a Class with an Equal Salary Range Maximum. 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status. 2. If the employee does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 35 of this Agreement applies.
Reallocation to a Class with an Equal Salary Range Maximum. The employee retains his or her previous base salary, or is moved to the entry step of the new range, whichever is higher.
Reallocation to a Class with an Equal Salary Range Maximum. 1. If the nurse has the skills and abilities required of the position, the nurse will remain in the position and retain his or her existing appointment status. 2. If the nurse does not have the skills and abilities required of the position, the layoff procedure specified in Article 28, Layoff and Recall, of this Agreement will apply.
Reallocation to a Class with an Equal Salary Range Maximum. 7 1. If the employee has the skills and abilities required of the position, 8 the employee will remain in the position and retain their existing 9 appointment status. 10 2. If the employee does not have the skills and abilities required of the 11 position, the layoff procedure specified in Article 36, Xxxxxx and 12 Recall, of this Agreement will apply.
Reallocation to a Class with an Equal Salary Range Maximum. 7 The employee retains their previous base salary.
Reallocation to a Class with an Equal Salary Range Maximum. The employee retains his or her previous base salary, or is moved to the entry step of the new range, whichever is higher. The employee will be paid an amount equal to his or her current salary provided it is within the salary range of the new position. In those cases where the employee’s current salary exceeds the maximum amount of the salary range for the new position, the employee will be compensated at the salary the employee was receiving prior to the reallocation downward, until such time as the employee vacates the position or the employee’s salary falls within the new salary range.

Related to Reallocation to a Class with an Equal Salary Range Maximum

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Salary Ranges A. The salary ranges for classifications covered by this Agreement shall be those contained in Appendix D. B. No one may be hired above or below the assigned salary range for his/her classification. Employees whose salaries are above the range assigned to their classification will have their salaries frozen until the salary range increases to include their salary.

  • Optional Termination and Reduction of Aggregate Credit Amounts (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that (A) each reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments. (ii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Maximum Credit Amounts under Section 2.06(b)(i) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(b)(ii) shall be irrevocable. Any termination or reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated. Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage.

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.