Demotion definition

Demotion means a change from an employee's position to one with a lower maximum salary;

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Demotion means the appointment of an employee for reasons of misconduct, incompetence or incapacity, to another position for which the maximum pay is less than that of his former position.

Demotion means changing the classification of an employee to a broadband level having a lower maximum salary, or the changing of the classification of an employee to a broadband level having the same or a higher maximum salary but a lower level of responsibility.

Examples of Demotion in a sentence

In the event of your Demotion (as defined below), then the Administrator has the right, but not the obligation, to reduce the number of your unvested Restricted Share Units by an amount to be determined in the Administrator’s discretion on an individual, case-by-case basis.
After the Demotion or Promotion, as the case may be, (1) the vesting schedule shall remain unchanged except that the new adjusted number of Restricted Share Units shall be used to calculate the vesting of the remaining unvested Restricted Share Units, and (2) any vested Restricted Share Units shall remain outstanding and settle in accordance with their terms as long as you continue to be employed or provide services to the Company, a Parent, or a Subsidiary.
Notwithstanding the foregoing, a resignation or removal of a director from the board of directors is not and will not be deemed as a Demotion.

More Definitions of Demotion

Demotion is a change in assignment of an employee from a position in one classification to a position in another classification that is allocated to a lower maximum salary rate.

Demotion means a reduction in pay during the term of the support employee's contract. "Demotion" shall not mean a change in job description or work assignment or duties.

Demotion means the movement of an employee from a position to a position with a lower salary range.

Demotion is defined as the movement of an employee from a position in one class to a position in another class with a lower maximum salary.

Demotion means a change to a classification which has a lower rate of pay.

Demotion means a move to a new job carrying a maximum step which is lower than the maximum step of the old job.

Demotion means an action which causes the movement of an employee from his/her existing classification to a classification carrying a lower pay range number.