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. When an employee is demoted the employee shall receive the rate for the lower paying position unless Article 27.7(a) applies.
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 RATES Section 12.1 The following shall apply to full-time employees:

  • 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:

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