Compensation After Bumping Sample Clauses

Compensation After Bumping. There shall be no probationary step increase or change in the employee's payroll anniversary date after exercising bumping rights. When displacing another employee, the bumping employee's salary shall be at the step in the new pay grade which is closest to, but does not exceed, the employee’s wage in the previous position on the effective date of layoff (unless the employee is returned to a position with a higher pay grade that the employee has previously been laid off from within the past twenty-four (24) months).