Demotion Step Placement Sample Clauses

Demotion Step Placement. Employees who voluntarily or involuntarily demote to a lower classification shall be placed on the appropriate salary range for the lower classification and then to that step that gets the employee closest to his/her former classification’s hourly salary rate without receiving an increase in salary.
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Related to Demotion Step Placement

  • Initial Placement The issuance and sale by the Company of the Notes to the Initial Purchasers pursuant to the Purchase Agreement.

  • Order Placement To place orders for the Trustee to create or redeem one or more Baskets, Authorized Participants must follow the procedures for creation and redemption referred to in Section 3 of this Agreement and the procedures described in Attachment A hereto (the “Procedures”), as each may be amended, modified or supplemented from time to time.

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