COMPENSATION FOR SERVICE IN A HIGHER CLASSIFICATION Sample Clauses

COMPENSATION FOR SERVICE IN A HIGHER CLASSIFICATION. A. In the event a Professional and Administrative Employee is promoted or individually re-classified to a higher classification under the terms of Article 15, such promotions and upward reclassifications, for persons moving 4 or more salary grades only, and previously earning between minimum and job rate, will provide for a minimum of a 10% salary increase. Promotional increases and upward reclassifications for employees earning between minimum and job rate will provide a 5% plus money to step salary increase, subject to the minimum of the grade. For promotions only rather than reclassifications, this provision shall allow departments with sufficient funding to provide an increase to a step of more than 5%, but not beyond job rate, consistent with the University’s evaluation of their experience and qualifications. Promotional and upward reclassifications for people earning above job rate will allow for a 5% increase per grade level increase but not exceed 10% in the case of multiple grade level increases, except the new salary will not be less than the job rate of the higher classification. Promotions/Reclassifications from one schedule to another, at the same grade level, will allow for up to 5% plus money to step salary increase. In all cases, a salary provided at the higher rate is not to exceed the maximum of the higher classification. Employees below job rate will be placed at minimum or at the appropriate salary step. The higher rate will be effective the first day of service in the higher classification or from the date the position is re-classified, or from the date of the grievance challenging the improper classification. B. In the event a Professional and Administrative Employee fills a position in a higher classification on an interim basis for more than thirty (30) working days, and assumes the substantive duties of the higher classification, he/she shall receive the base rate of the higher classification, or 5% above his/her current rate, whichever is greater, provided the higher rate does not exceed the maximum of the assumed classification. The higher rate of pay will be retroactive to the first day of service in the higher classification. Upon the Employee's return to the position he/she held prior to the interim assignment, salary currently in effect for that position will be resumed. C. In the event a Professional and Administrative Employee fills a position in a higher classification on a permanent basis, i.e., new hire, promotion, trans...
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COMPENSATION FOR SERVICE IN A HIGHER CLASSIFICATION. A. In the event a bargaining unit Employee is required to perform a significant portion of the core duties of a higher classification on an interim basis for more than twenty (20) working days such Employee shall receive the base rate of the higher classification, or five percent (5%) above such Employee's current rate, whichever is greater, provided the higher rate does not exceed the maximum of the assumed classification. The higher rate of pay will be retroactive to the first day of service in the higher classification. B. Upon the Employee's return to the position such Employee held prior to the interim assignment, the former salary plus any scheduled increases which would have been normally granted during the time spent in the higher classification will be resumed. C. The University, acting through the division of Human Resources and the Labor Relations office, may permanently modify upward the salary range for a job classification upon 15 days notice to the union. This shall not change any other terms of the agreement.
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COMPENSATION FOR SERVICE IN A HIGHER CLASSIFICATION. A. In the event a bargaining unit Employee is required to perform a significant portion of the core duties of a higher classification on an interim basis for more than twenty (20) working days such Employee shall receive the base rate of the higher classification, or five percent (5%) above such Employee's current rate, whichever is greater, provided the higher rate does not exceed the maximum of the assumed classification. The higher rate of pay will be retroactive to the first day of service in the higher classification. B. Upon the Employee's return to the position such Employee held prior to the interim assignment, the former salary plus any scheduled increases which would have been normally granted during the time spent in the higher classification will be resumed. C. The University, acting through the division of Human Resources and the Labor Relations office, may permanently modify upward the salary range for a job classification upon 15 days’ notice to the union. This shall not change any other terms of the agreement. A. All former members of the bargaining unit who return to bargaining unit positions within three (3) years shall receive the following benefits: 1. Vacation accrual rate shall be determined according to prior employment. 2. Credit shall be given for prior service toward eligibility for the University Retirement Plan and Disability Income Program. 3. Former illness bank remaining at the time of termination shall be reinstated. B. Former Employees shall be on a six (6) month probationary period and considered the same as new Employees except as provided in this Article.
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Related to COMPENSATION FOR SERVICE IN A HIGHER CLASSIFICATION

  • Compensation for Services You may be eligible to receive compensation for providing certain services in respect of Shares of the Funds if you meet the requirements of and enter into a Bank Services Agreement with American Funds Service Company.

  • Work in a Higher Classification Any employee who is assigned by his/her supervisor to a vacant position in a higher grade for a period of more than thirty (30) days shall receive the salary rate for the higher position from the first day of the appointment, provided such assignment has the prior approval in writing of the Appointing Authority or his/her designee. The approval of the Appointing Authority or his/her designee shall take effect as of the first day of the assignment. Any assignment to a vacant position in a higher grade must be in writing to be valid.

  • Promotion to a Higher Classification An employee who is promoted to a higher rated classification within the bargaining unit will be placed in the range of the higher rated classification so that he shall receive no less an increase in wage rate than the equivalent of one step in the wage rate of his previous classification (provided that he does not exceed the wage rate of the classification to which he has been promoted).

  • Compensation for Services Provided As compensation for providing portfolio supervisory services in its capacity as Portfolio Supervisor, evaluation services in its capacity as Evaluator, and for providing bookkeeping and other administrative services to the Trust of a character described in Section 26(a)(2)(C) of the Investment Company Act of 1940, and to the extent that such services are in addition to, and do not duplicate, the services to be provided hereunder by the Trustee, First Trust Advisors L.P. shall receive, in arrears, against a statement or statements therefor submitted to the Trustee monthly or annually an aggregate annual fee in the per Unit amount set forth in Part II of the Trust Agreement for the Trust, calculated based on the largest number of Units outstanding during the calendar year, except during the initial offering period as determined in Section 4.01 of this Indenture, in which case the fee is calculated based on the largest number of Units outstanding during the period for which the compensation is paid (such annual fee to be pro rated for any calendar year in which First Trust Advisors L.P. provides services described herein during less than the whole of such year). Such fee may exceed the actual cost of providing such services for the Trust, but at no time will the total amount received for such services rendered to unit investment trusts of which the Depositor is the sponsor in any calendar year exceed the aggregate cost to First Trust Advisors L.P. of supplying such services in such year. Such compensation may, from time to time, be adjusted provided that the total adjustment upward does not, at the time of such adjustment, exceed the percentage of the total increase after the date hereof in consumer prices for services as measured by the United States Department of Labor Consumer Price Index entitled "All Services Less Rent of Shelter" or similar index, if such index should no longer be published. The consent or concurrence of any Unit holder hereunder shall not be required for any such adjustment or increase. Such compensation shall be paid by the Trustee, upon receipt of an invoice therefor from First Trust Advisors L.P., which shall constitute the representation by First Trust Advisors L.P. that the bookkeeping and administrative services for which compensation is claimed are properly compensable hereunder and that the aggregate cost incurred by First Trust Advisors L.P. of providing portfolio supervisory, evaluation and bookkeeping and administrative services hereunder was not less than the compensation claimed, upon which representation the Trustee may conclusively rely. Such compensation shall be charged against the Income and/or Capital Accounts in accordance with Section 3.05. If the cash balance in the Income and Capital Accounts shall be insufficient to provide for amounts payable pursuant to this Section 4.03, the Trustee shall have the power to sell (i) Securities from the current list of Securities designated to be sold pursuant to Section 5.02 hereof, or (ii) if no such Securities have been so designated, such Securities as the Trustee may see fit to sell in its own discretion, and to apply the proceeds of any such sale in payment of the amounts payable pursuant to this Section 4.03. Any moneys payable to First Trust Advisors L.P. pursuant to this Section 4.03 shall be secured by a lien on the Trust prior to the interest of Unit holders, but no such lien shall be prior to any lien in favor of the Trustee under the provisions of Section 6.04 herein.

  • Compensation for Damages 4.1 If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent Xxxxxxx Money Deposit/Bid Security. 4.2 If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages equivalent to 5% of the contract value or the amount equivalent to Security Deposit/Performance Bank Guarantee, whichever is higher.

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

  • Compensation for Additional Services Additional Services shall be compensated as set forth on Exhibit A for the stipulated payment amounts set forth therein. Other Additional Services not set forth on Exhibit A that are required or requested by the Owner shall be compensated as agreed, using the methodology set forth on Exhibit A, prior to the Design Professional undertaking such Additional Services; provided, however, that if such compensation cannot be agreed, the Additional Services shall be performed at the hourly rates set forth and listed in Exhibit B, plus reimbursable expenses pursuant to Article 4.1.3 below, with a limitation as to maximum amount specified.

  • Compensation for Basic Services A. Owner shall make payment for Part I and Part II services monthly. The payments shall be in proportion to the progress of Engineer's work. Final payment for each phase shall become due and payable upon completion and approval by Owner of that phase of Engineer's work. B. Owner shall make payment for Construction Phase services not more frequently than monthly in proportion to the amount of the gross progress payments to Contractor(s). C. Owner shall make no deduction from Engineer's compensation on account of penalties, liquidated damages or other sums withheld from Contractor(s) through no fault of Engineer. D. Owner shall make payment for Construction Completion Phase services upon completion of the requirements set forth in subsections II. F. 1, 2 and 3. E. Engineer shall submit requests for payment monthly on forms provided and in a manner prescribed by Owner.

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); (b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or (c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 10.13; including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded.

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

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