Pay Upon Transfer Sample Clauses

Pay Upon Transfer. The employee’s salary in the new position will be their former salary or that of the next available step in the pay progression schedule for the new title which provides for an increase in salary if no equal pay progression step exists. If the employee’s salary in the former position is greater than the maximum salary applicable to the new title, the employee’s salary will be red circled until the maximum salary for the new title meets the employeesred circled rate. Such employees shall, however, be eligible for fifty percent (50%) of the negotiated general increase occurring during the term of the Agreement. Lateral transfers shall not affect anniversary dates of employment for pay progression purposes.
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Pay Upon Transfer. The employee’s salary in the new position will be supplemented, if necessary, to comply with the Worker’s Compensation Statutes. Lateral transfers shall not affect anniversary dates of employment for pay progression purposes.
Pay Upon Transfer. When an employee attains a position in another classification which provides for an identical pay progression schedule they shall retain the same pay step as was applicable in their previous position and the employee shall retain the same anniversary date for future pay increase effective dates.
Pay Upon Transfer. When an employee is transferred or certified from one classification to another in the same grade he/she shall retain the same pay step as was applicable in his/her previous position and the employee shall retain the same anniversary date for future pay increase effective dates.
Pay Upon Transfer. When an employee attains a position in another classification which provides for an identical top salary/wage he/she shall retain the same pay step as was applicable in his/her previous position and the employee shall retain the same anniversary date for future pay increase effective dates. If the top salary/wage in the new position is higher, follow Subdivision 1. Pay Upon Advancement. If the top salary/wage in the new position is lower, follow Subdivision 3. Pay Upon Voluntary Demotion.
Pay Upon Transfer. Employees who transfer to a position assigned the same 21 pay range shall be placed at the step of the new pay range, which is closest to, but not less than the 22 pay step that the employee received before the transfer. However, this step may not exceed the 23 maximum of the new pay range except where the employee was receiving above-Step-10 merit pay in 24 their former position, in which case such pay may exceed the top step of the new range by no more 25 than 5%.
Pay Upon Transfer. When an employee is transferred from one class and department to another department in the same class, the salary and merit increase eligibility date shall not change.
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Pay Upon Transfer. Employees transferred to a job within the same salary range will continue to receive their existing rate of pay. Employees transferred, at management's request, for other than cause or reduction in force, to a job in a lower salary range will continue to be paid at their former rate until such time as the pay range exceeds the employee's salary. Employees transferred at their own request, to a job in a lower salary rate will be paid at the lower rate commencing with the start of the new job.
Pay Upon Transfer. It is recognized that because of the nature of municipal employment, employees may be called upon to work outside their usual classification. In establishing regular rates of pay and assigning employees thereto, allowances have been made for this. It is, therefore, agreed that employees shaiI carry out the work assignments given to them by their foremen, and that their normal rates of pay shall not be reduced. I£: however, an employee works on another job for more than two (2) consecutive days, he shall be paid the rate of such job for the first two (2) days and for as many consecutive days immediately thereafter as he remains working on it.

Related to Pay Upon Transfer

  • Non-Transferable The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's lifetime only by the Grantee or his guardian or legal representative.

  • Restriction on Transfer This Warrant and the rights granted to the holder hereof are transferable, in whole or in part, upon surrender of this Warrant, together with a properly executed assignment in the form attached hereto, at the office or agency of the Company referred to in Paragraph 7(e) below, provided, however, that any transfer or assignment shall be subject to the conditions set forth in Paragraph 7(f) hereof and to the applicable provisions of the Securities Purchase Agreement. Until due presentment for registration of transfer on the books of the Company, the Company may treat the registered holder hereof as the owner and holder hereof for all purposes, and the Company shall not be affected by any notice to the contrary. Notwithstanding anything to the contrary contained herein, the registration rights described in Paragraph 8 are assignable only in accordance with the provisions of that certain Registration Rights Agreement, dated June 30, 2006, by and among the Company and the other signatories thereto (the “Registration Rights Agreement”).

  • Restriction on Transfer, etc Unless it is expressly permitted in this Agreement, you will not sell, transfer, assign, mortgage, enter into a derivative transaction concerning, or otherwise deal in any way with your escrow securities or any related share certificates or other evidence of the escrow securities. If a Securityholder is a private company controlled by one or more principals (as defined in section 3.5 of the Policy) of the Issuer, the Securityholder may not participate in a transaction that results in a change of its control or a change in the economic exposure of the principals to the risks of holding escrow securities.

  • Restrictions on Transfer (a) The Preferred Stock and the Registrable Securities shall not be sold, pledged, or otherwise transferred, and the Company shall not recognize and shall issue stop-transfer instructions to its transfer agent with respect to any such sale, pledge, or transfer, except upon the conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act. A transferring Holder will cause any proposed purchaser, pledgee, or transferee of the Preferred Stock and the Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement.

  • Non-Transferability Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner.

  • Right of First Refusal Unless it shall have first delivered to the Buyer, at least seventy two (72) hours prior to the closing of such Future Offering (as defined herein), written notice describing the proposed Future Offering, including the terms and conditions thereof, and providing the Buyer an option during the seventy two (72) hour period following delivery of such notice to purchase the securities being offered in the Future Offering on the same terms as contemplated by such Future Offering (the limitations referred to in this sentence and the preceding sentence are collectively referred to as the “Right of First Refusal”) (and subject to the exceptions described below), the Company will not conduct any equity financing (including debt with an equity component) (“Future Offerings”) during the period beginning on the Closing Date and ending twelve (12) months following the Closing Date. In the event the terms and conditions of a proposed Future Offering are amended in any respect after delivery of the notice to the Buyer concerning the proposed Future Offering, the Company shall deliver a new notice to the Buyer describing the amended terms and conditions of the proposed Future Offering and the Buyer thereafter shall have an option during the seventy two (72) hour period following delivery of such new notice to purchase its pro rata share of the securities being offered on the same terms as contemplated by such proposed Future Offering, as amended. The foregoing sentence shall apply to successive amendments to the terms and conditions of any proposed Future Offering. The Right of First Refusal shall not apply to any transaction involving (i) issuances of securities in a firm commitment underwritten public offering (excluding a continuous offering pursuant to Rule 415 under the 1933 Act), (ii) issuances to employees, officers, directors, contractors, consultants or other advisors approved by the Board, (iii) issuances to strategic partners or other parties in connection with a commercial relationship, or providing the Company with equipment leases, real property leases or similar transactions approved by the Board (iv) issuances of securities as consideration for a merger, consolidation or purchase of assets, or in connection with any strategic partnership or joint venture (the primary purpose of which is not to raise equity capital), or in connection with the disposition or acquisition of a business, product or license by the Company. The Right of First Refusal also shall not apply to the issuance of securities upon exercise or conversion of the Company’s options, warrants or other convertible securities outstanding as of the date hereof or to the grant of additional options or warrants, or the issuance of additional securities, under any Company stock option or restricted stock plan approved by the shareholders of the Company.

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