Demotion or Transfer Sample Clauses
The demotion-or-transfer clause defines the conditions under which an employee may be reassigned to a lower position or transferred to a different role within the organization. Typically, this clause outlines the circumstances that could trigger such actions, such as performance issues, organizational restructuring, or redundancy, and may specify the process for notification and any changes to compensation or benefits. Its core practical function is to provide the employer with flexibility in managing workforce needs while ensuring that employees are aware of the potential for changes to their employment status.
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Demotion or Transfer. If Employee is demoted or transferred to a position with the Company or any of its Affiliates in which Employee is no longer eligible to participate in the Plan prior to any Vesting Date, the Committee shall determine whether this Agreement in whole or in part will terminate and be of no further force or effect and the RSUs awarded to Employee hereunder shall be forfeited.
Demotion or Transfer. If Employee is demoted or transferred to a position with the Company or any of its Affiliates in which Employee is not eligible to participate in the Plan prior to the expiration of the Performance Period, as determined by the Committee, this Agreement will terminate and be of no further force or effect and the Performance Shares awarded to Employee hereunder shall be forfeited.
Demotion or Transfer. An employee who voluntarily demotes, or voluntarily transfers to another position with a lower salary range maximum, will be placed in the new range at a salary equal to his or her previous base salary. If the current salary falls between two steps of the new range, the salary shall be rounded up to the next higher step of the new range. If the previous base salary exceeds the new range, the employee’s base salary will be set equal to the new range maximum.
Demotion or Transfer. 8.1 The term "demotion or transfer" shall mean the re-assignment of an employee (not requested by the employee) from: Demotion: a) his present position to a lower paying position. Transfer: b) the moving of an employee from one classification to another work classification involving a significant change of duties at no change in pay. A written statement setting forth the reasons for such action shall be given the employee at least fifteen (15) calendar days prior to the effective date of the action. The employee shall have the right to appeal the "demotion or transfer” under Article 22, of this Agreement. Should the transfer be requested by the employee, they shall retain all seniority rights within the bargaining unit and will assume the specific wage rate of the new classification that corresponds to their current wage rate.
Demotion or Transfer. Demotion is the downgrading of an employee to a position lower in salary and grade than the present position held. Transfer is moving the employee to a different department or division within the Township. Dismissal is usually the last resort in progressive discipline where previous efforts to correct inappropriate behavior have not been successful, or in cases where the conduct is so serious that continued employment is not in the best interest of the Township. Written recommendation of dismissal, which includes documentation of the inappropriate behavior and documentation of previous actions, shall be provided to the Administrator.
Demotion or Transfer. If Employee is demoted or transferred to a position with the Company or any of its Affiliates in which Employee is no longer eligible to participate in the Plan prior to the expiration of the Vesting Period, as determined by the Committee, the unvested portion of the SARs awarded to Employee hereunder as of the date of such demotion or transfer shall be forfeited unless otherwise determined by the Committee, and Employee shall have no further rights with respect to such unvested portion of the SARs.
Demotion or Transfer. For the purpose of this Article, a promotion occurs when an employee is appointed to a position that is classified in a higher group than the substantive position held by the employee immediatelyprior to that appointment.
Demotion or Transfer. If Employee is demoted or transferred to a position with the Company or any of its Affiliates in which Employee is no longer eligible to participate in the Plan prior to the expiration of the Vesting Period as determined by the Committee, the unvested RSUs awarded to Employee hereunder shall be forfeited unless otherwise determined by the Committee.