Pay Reduction Sample Clauses

Pay Reduction. A Full-Time Faculty Member's yearly contract will be reduced pro rata for each day of unpaid leave. The proration shall be based on the number of working days in the Faculty Member's assignment.
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Pay Reduction. The reduction in pay of one or more pay steps where performance falls short of normal established standards or where performance is clearly inadequate in one or more of the critical job duties for the position.
Pay Reduction. All employees shall receive a one day pay reduction (equivalent to ten percent (10%) of the bi- weekly total salary rate, excluding overtime) which will be effective for one (1) payroll period during June 2009 as designated by the State. Employees so affected will be entitled to accrue one (1) additional day of paid leave during that payroll period. This leave will accrue to part-time employees on a pro rated basis. Employees may request to discharge this additional paid leave during any payroll period following the payroll period in which it was earned and/or elect cash payment for that one day in the fiscal year beginning July 2010 and until June 30, 2012. Any hours not discharged or paid as of June 30, 2012 will be lost. Balances of accrued vacation, sick and "deferred vacation" leave shall be paid at the pre- reduction rate of pay to employees who terminate or retire from State service during this salary reduction period. Employees completing their in-service training incentive credits during the salary reduction period will be awarded the appropriate salary adjustment based on the pre-reduction rate of pay. The State may waive the right to a pay reduction if there is sufficient funding.
Pay Reduction. Xxxxxxxx acknowledges and agrees that his base salary during the Interim Period and the Remaining Interim Period, as well as contributions to and payment of other salary dependant benefits during those times, will be subject to any salary adjustment measures as may be applied by Agilent to a class of jobs that includes the position held by Xxxxxxxx on the Effective Date of this Agreement. The Severance Payment set forth in 1.f. above shall not be impacted by any salary adjustment measures.
Pay Reduction. A CDC Teacher’s employment contract will be reduced pro rata for each day of unpaid leave. The pro-ration shall be based on the number of working days in the CDC Teacher’s assignment.

Related to Pay Reduction

  • Voluntary Reduction The Borrower shall have the right at any time and from time to time, upon at least five (5) Business Days prior written notice to the Administrative Agent, to permanently reduce, without premium or penalty, (i) the entire Revolving Credit Commitment at any time or (ii) portions of the Revolving Credit Commitment, from time to time, in an aggregate principal amount not less than $3,000,000 or any whole multiple of $1,000,000 in excess thereof. Any reduction of the Revolving Credit Commitment shall be applied to the Revolving Credit Commitment of each Revolving Credit Lender according to its Revolving Credit Commitment Percentage. All Commitment Fees accrued until the effective date of any termination of the Revolving Credit Commitment shall be paid on the effective date of such termination.

  • Voluntary Termination or Reduction The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.

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