Lower pay range definition

Lower pay range means the pay range which has the lesser pay range dollar value maximum when comparing pay ranges not designated as counterparts.
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Examples of Lower pay range in a sentence

  • When an employee is demoted for disciplinary reasons, or in Lieu of Layoff required solely by budgetary reasons, the appointing authority may set the employee's pay at any salary rate within the Lower pay range which does not exceed their cur- rent rate of pay and the salary rate designated for the total number of years of State Police Service by the employee.

  • Lower pay range: pay will not be reduced but may be frozen or “red circled” if their pay exceeds the maximum of the new range.

  • The Board may appoint new members in its sole and absolute discretion to the Medical Staff of the DHA in the manner provided for in these bylaws.

Related to Lower pay range

  • Capitalization Rate means six and one-half percent (6.50%).

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Increase has the meaning specified therefor in Section 2.14.

  • Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).