Common use of Revaluation Clause in Contracts

Revaluation. Upward In the event a class is revalued upwards, each incumbent occupying a position within such class will receive the new rate for the class in all cases where there exists a single rate of pay for the said class. Where there exists a pay range for the class, each incumbent will be placed on the same step of the new pay range as occupied on the pay range for the class to which the incumbent’s position previously belonged. The increment date for the incumbent of a position whose class has been revalued shall not be amended.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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