Conditions Applying to Options Sample Clauses
Conditions Applying to Options. 16.6.1 Re-Deployment Employees may be re-deployed to a new job at the same or lower salary within Toi Ohomai Institute of Technology. Where the employee accepts the re-deployment and the salary for the new job is lower than the old job, an equalisation allowance will be paid to preserve the salary of the employee for two years at the level paid in the old job at the time of re-deployment. The equalisation allowance shall be paid each payday amounting to the difference between the old salary and the new salary but the equalisation payments shall be abated by any subsequent new job salary increases.
Conditions Applying to Options. Attrition - Attrition means that as employees leave their jobs because they retire, resign, transfer, die or are promoted then they may not be replaced. In addition or alternatively, there may be a partial or complete freeze on recruiting new employees or on promotions. Redeployment - Employees may be redeployed to a new job at the same or lower salary within the institute. The following conditions will apply:
(a) Where the new job is at a lower salary, an equalisation allowance will be paid to preserve the salary of the employee at the rate paid in the old job at the time of redeployment.
(b) The salary will be preserved in the following way: An ongoing allowance for two years equivalent to the difference between the present salary and the new salary (this is abated by any subsequent salary increases). Enhanced Early Retirement may be made available at the discretion of the Polytechnic at any time to eligible employees not declared surplus if they are replaced by a surplus employee seeking redeployment or reassignment. The total amount paid to employees under this provision shall not exceed the total salary (as defined under severance below) the employee would have received between their actual retirement and reaching the age of 65 years.
Conditions Applying to Options. (a) Attrition - Attrition means that as employees leave their positions because they retire, resign, transfer are promoted or die then they may not be replaced. In addition or alternatively, there may be a partial or complete freeze on recruiting new employees or on promotions.
(b) Reconfirmation - Reconfirmation means that where a position is to be transferred into a new structure or agency, or there is a position available in an existing agency, you may be placed in that transferred position. The criteria for reconfirmation shall be as follows:
(i) The duties in the transferred position are the same (or very nearly the same) as the duties you currently undertake.
(ii) The salary for the transferred position is the same.
(iii) The transferred position has terms and conditions of employment which are no less favourable for you.
(iv) The geographical location of the new position is the same (note: this need not mean the same building).
(v) Selection of the employee to retain the position shall be on the basis of the person best suited to the position, in your employer’s opinion, provided that appointments are made from the pool of affected employees. Your employer will endeavour to take into account your wishes.
Conditions Applying to Options. (a) Attrition - Attrition means that as employees leave their positions because they retire, resign, transfer are promoted or die then they may not be replaced. In addition or alternatively, there may be a partial or complete freeze on recruiting new employees or on promotions.
(b) Reconfirmation - Reconfirmation means that where a position is to be transferred into a new structure or agency, or there is a position available in an existing agency, an employee may be placed in that transferred position. The criteria for reconfirmation shall be as follows:
(i) The duties in the transferred position are the same (or very nearly the same) as the duties the employee currently undertakes.
(ii) The salary for the transferred position is the same.
(iii) The transferred position has terms and conditions of employment which are no less favourable for the employee.
(iv) The geographical location of the new position is the same (note: this need not means the same building.
(v) Selection of the employee to retain the position shall be on the basis of the person best suited to the position, in the Employer’s opinion, provided that appointments are made from the pool of affected employees. The Employer will endeavour to take into account the employee’s wishes.
(c) Redeployment - Employees may be redeployed to a new position at the same or lower salary within the College. The following conditions will apply:
(i) Where the new position is at a lower salary, an equalisation allowance will be paid to preserve the salary of the employee at the rate paid in the old job at the time of redeployment.
(a) a lump sum to make up for the loss of basic pay for the next two years (this is not abated by any subsequent salary increases); or
(b) an ongoing allowance for two years equivalent to the difference between the present salary and the new salary (This is abated by any subsequent salary increases);
(c) when employees who are within five years of their compulsory retirement date are appointed to a position carrying a lower salary, such employees will retain their present grade and salary unabated.
(ii) Where the new job is at a location outside the local area, the employee shall be entitled to removal expenses as per clause 3.9.2 of this Agreement.
(d) Enhanced early retirement may be made available at the discretion of the Employer at any time to eligible employees not declared surplus if they are replaced by a surplus employee seeking redeployment or reassignment. The total amount...
Conditions Applying to Options