Common use of Salary Rate on Demotion Clause in Contracts

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 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 percentpercent (8%), but where the differential between the team member's ’s salary before demotion and the maximum salary of the lower position is greater than eight percentpercent (8%), the new salary shall be the maximum of the new 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.