Reclassification adjustment definition

Reclassification adjustment means a salary change applied to a classified employee when the employee's position is reallocated to a different classification that has a different pay grade.
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Reclassification adjustment means, for any Unit reclassified as a Spec Unit or Presold Unit pursuant to any provision of this Agreement, a change in the Maximum Allowed Advance for such Unit to the Maximum Allowed Advance applicable to the type of Unit as so reclassified.
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Reclassification adjustment means, for any Unit reclassified as to type pursuant to any provision of this Agreement, a change in the Maximum Allowed Advance for such Unit to that applicable to the type of Unit as so reclassified.
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Examples of Reclassification adjustment in a sentence

  • The following reclassification adjustments are required to avoid double-counting net realized gains on sales of securities that were previously included in comprehensive income prior to the sales of the securities (in thousands): YEAR ENDED DECEMBER 31, 1999 1998 1997 Net gain (loss) on sales of securities included in Other comprehensive income: Net unrealized gain (loss) arising during the year $(1,985) $ 172 $342 Reclassification adjustment........................

  • Reclassification adjustment for (gains) losses included in net income...........................

Related to Reclassification adjustment

  • Capitalization Adjustment means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Purchase Right after the date the Plan is adopted by the Board without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other similar equity restructuring transaction, as that term is used in Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated as a Capitalization Adjustment.