Common use of Reduction in Classification Clause in Contracts

Reduction in Classification. 96.1 Following the redeployment period, or during the redeployment period by agreement of the employee, the Chief Executive Officer may, with 4 weeks’ notice, reduce an employee’s classification level as an alternative to termination of employment as an excess employee. 96.2 Where the Chief Executive Officer reduces the classification level of an employee under Clause 96.1 the employee will be entitled to income maintenance payments to maintain their salary at the previous classification level for a period that is equivalent to the number of weeks’ pay the employee would have received as a severance payment.

Reduction in Classification. ‌ 96.1 Following the redeployment period, or during the redeployment period by agreement of the employee, the Chief Executive Officer may, with 4 weeks’ notice, reduce an employee’s classification level as an alternative to termination of employment as an excess employee. 96.2 Where the Chief Executive Officer reduces the classification level of an employee under Clause 96.1 the employee will be entitled to income maintenance payments to maintain their salary at the previous classification level for a period that is equivalent to the number of weeks’ pay the employee would have received as a severance payment.