Demotion or Transfer. If Employee is demoted or transferred to a position with the Company or any of its Affiliates in which Employee is not eligible to participate in the Plan prior to the expiration of the Performance Period, as determined by the Committee, this Agreement will terminate and be of no further force or effect and the Performance Shares awarded to Employee hereunder shall be forfeited.
Demotion or Transfer. If Employee is demoted or transferred to a position with the Company or any of its Affiliates in which Employee is no longer eligible to participate in the Plan prior to any Vesting Date, the Committee shall determine whether this Agreement in whole or in part will terminate and be of no further force or effect and the RSUs awarded to Employee hereunder shall be forfeited.
Demotion or Transfer. An employee who voluntarily demotes, or voluntarily transfers to another position with a lower salary range maximum, will be placed in the new range at a salary equal to his or her previous base salary. If the current salary falls between two steps of the new range, the salary shall be rounded up to the next higher step of the new range. If the previous base salary exceeds the new range, the employee’s base salary will be set equal to the new range maximum.
Demotion or Transfer. 8.1 The term "demotion or transfer" shall mean the re-assignment of an employee (not requested by the employee) from: Demotion: a) his present position to a lower paying position. Transfer: b) the moving of an employee from one classification to another work classification involving a significant change of duties at no change in pay. A written statement setting forth the reasons for such action shall be given the employee at least fifteen (15) calendar days prior to the effective date of the action. The employee shall have the right to appeal the "demotion or transfer” under Article 22, of this Agreement. Should the transfer be requested by the employee, they shall retain all seniority rights within the bargaining unit and will assume the specific wage rate of the new classification that corresponds to their current wage rate.
Demotion or Transfer. (1) For the purpose of this Article, a promotion occurs when an employee is appointed to a position that is classified in a higher group than the substantive position held by the employee immediatelyprior to that appointment.
