Upon Reclassification Sample Clauses

Upon Reclassification. (1) Where an employee occupies a position that is reclassified because of a change of duties, resulting in its inclusion in a class having a higher maximum salary, the employee shall receive:
AutoNDA by SimpleDocs
Upon Reclassification. (a) Where an employee occupies a position which is reclassified because of a change of duties, resulting in its inclusion in a classification having a higher maximum salary, the employee shall receive: The minimum of the new range where that minimum is more than eight percent
Upon Reclassification. Where an employee occupies a position which is reclassified because of a change of duties, resulting in its inclusion in a class having a higher maximum salary, the employee shall receive: minimum of new range that minimum is more than above present salary; or his/her salary on does not exceed the maximum of the range for the new class; or the application of above would for reclassification exceeding the maximum of the range for position, maximum rate in the range. an employee occupies a position which is reclassified resulting in its inclusion in a class having a maximum salary the same as that previously applicable to the position, the salary payable to the employee shall remain unchanged. Notwithstanding an employee occupies a position which is reclassified to a class having a maximum salary which is less than the maximum applicable to the class to which the position was formerly allocated: The salary range payable to the employee shall remain unchanged.
Upon Reclassification. Where an employee occupies a position which is reclassified because of a change of duties, resulting in its inclusion in a classification having a higher maximum salary, the employee shall receive: The minimum of the new range where that minimum is more than eight percent (8%) above the employee’s present salary; or Eight percent (8%) where the employee’s salary on reclassification does not exceed the maximum of the range for the new classification, or is the same as or more than the minimum but less than the maximum salary for the new class; Where application of Clause above would provide for reclassification exceeding the maximum of the range for the position, the maximum rate in the range. Where an employee occupies a position which is reclassified resulting in its inclusion in a classification having a maximum salary the same as that previously applicable to the position, the salary payable to the employee shall remain unchanged. Where an employee occupies a position which upon reclassification results in the position having a maximum salary less than that previously applicable to the position, the salary payable to the employee shall remain at current applicable rate. The employee shall be eligible for any subsequent economic adjustments or merit increases.

Related to Upon Reclassification

  • Classification and Reclassification Classification and reclassification are the assignment or reassignment, respectively, of a position or group of positions to an occupational classification which is appropriate for compensation and employment purposes.

  • Reclassification If the Company at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.

Time is Money Join Law Insider Premium to draft better contracts faster.