Salary Rate on Demotion Sample Clauses

Salary Rate on Demotion. When an employee is demoted the employee shall receive the rate for the position if a single salary. If a salary range is established, the maximum reduction shall be the closest step to 8%, but where the differential between the employee's salary before demotion and the maximum salary of the lower position is greater than 8%, the new salary shall be the maximum of the new position.
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Salary Rate on Demotion. When an employee is demoted the employee shall receive the rate for the position.
Salary Rate on Demotion. ‌ When a team member is demoted the team member shall receive the rate for the position if a single salary. If a salary range is established the maximum reduction shall be the closest step to eight percent, but where the differential between the team member's salary before demotion and the maximum salary of the lower position is greater than eight percent, the new salary shall be the maximum of the new position.
Salary Rate on Demotion. Subject to Article 27.7, when an employee is demoted, the employee shall receive the rate for the new position.
Salary Rate on Demotion. When an Employee is demoted, the Employee shall receive the rate for the position of a single salary. If a salary range is established, the maximum reduction shall be the closest step to eight percent (8%), but where the differential between the Employee's salary before demotion and the maximum salary of the lower position is greater than eight percent (8%), the new salary shall be the maximum of the new position. 3*It is understood that this benefit is not payable in addition to that provided by Section 49(2) of the Public Service Act.

Related to Salary Rate on Demotion

  • Salary Rate Upon Employment The hiring rate of pay for a new employee shall not be higher than the rate of pay for an existing employee in the same classification with similar work experience, training and education.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

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