Salary Retention Sample Clauses
The Salary Retention clause allows an employer to withhold a portion of an employee’s salary under specific circumstances, such as pending completion of certain obligations or resolution of disputes. Typically, this clause outlines the conditions under which retention occurs, the amount or percentage withheld, and the process for releasing the retained funds once requirements are met. Its core practical function is to provide the employer with financial leverage to ensure compliance with contractual duties or to cover potential liabilities, thereby reducing risk and encouraging fulfillment of agreed-upon terms.
Salary Retention. A regular employee whose employment is terminated without cause after the employee successfully completes the appropriate probationary period shall not be expected to take a reduction in salary as a result of being the successful applicant to a position one level lower than the employee previously occupied, unless mutually agreed to. In such cases, the employee’s salary will be frozen until the position’s appropriate salary grade catches up to the salary rate currently received by the employee. An employee who refuses two offered positions within one level of their current position will be terminated at the end of the minimum notice period specified in Article 9.1.7 without further pay.
Salary Retention. Employees will receive saved grade and/or saved pay to the extent allowed by law. Saved grade and saved pay is also known as retained grade and retained pay.
Salary Retention. A regular employee whose employment is terminated without cause after she/he successfully com- pletes the appropriate probationary period shall not be expected to take a reduction in salary as a result of being the successful applicant to a position one level lower than she/he previously occu- pied, unless mutually agreed to. In such cases, the employee’s salary will be frozen until the posi- tion’s appropriate salary grade catches up to the salary rate currently received by the employee.
Salary Retention. 13.1. Where the Office approves salary retention for an employee, the following arrangements will apply:
13.1.1. The employee will continue to receive the salary rate otherwise payable to the employee at the date of the decision to pay salary retention.
13.1.2. any increase in remuneration that would otherwise be payable for their classification under this Agreement shall not apply; and
13.1.3. the employee will continue to receive the salary retention rate until such time as the amount of remuneration they would otherwise be entitled to under the Agreement exceed their salary retention rate.
Salary Retention. Salary retention for affected employees will be the maximum allowable under appropriate authorities.