Demotions due to market study, reclassification, layoff or reorganization Sample Clauses

Demotions due to market study, reclassification, layoff or reorganization. An employee being demoted to a salary range where step 10 is higher than the employee’s current salary, the employee’s salary shall be frozen until the employee’s next increment date. On the employee’s next increment date, the employee shall move to the step in the new range that provides for some increase. An employee being demoted to a salary range where step 10 is lower than the employee’s current salary, the employee shall be placed in step 10 unless an alternative salary placement is recommended by the appointing authority and approved by the Chief Administrative Office. The CAO’s decision shall be final and binding. If an alternative salary placement is requested and approved, the employee shall receive fifty percent (50%) of any general wage increase (COLA) granted under the applicable labor contract, until such time as step 10 of the new range equals or exceeds the employee’s current salary.
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Demotions due to market study, reclassification, layoff or reorganization. An employee being demoted to a salary range where step 10, (step 6 on six (6) step salary range), is higher than the employee’s current salary, the employee’s salary shall be frozen until the employee’s next increment date. On the employee’s next increment date, the employee shall move to the step in the new range that provides for some increase. An employee being demoted to a salary range where step 10, (step 6 on six (6) step salary range), is lower than the employee’s current salary, the employee shall be placed in step 10, (step 6 on six (6) step salary range), unless an alternative salary placement is recommended by the appointing authority and approved by the Chief Administrative Office. The CAO’s decision shall be final and binding. If an alternative salary placement is requested and approved, the employee shall receive fifty percent (50%) of any general wage increase (COLA) granted under the applicable labor contract, until such time as step 10, (step 6 on six (6) step salary range), of the new range equals or exceeds the employee’s current salary.
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Related to Demotions due to market study, reclassification, layoff or reorganization

  • JOB CLASSIFICATION AND RECLASSIFICATION 26.01 In order to ensure the appropriate classification of jobs listed under Schedule "A" of the collective agreement, the Parties agree that matters related to the classification of new or existing jobs shall be dealt with in accordance with the Joint Job Evaluation Manual of Procedures forming part of this collective agreement. (Appendix "B").

  • Classification and Reclassification Classification and reclassification are the assignment or reassignment, respectively, of a position or group of positions to an occupational classification which is appropriate for compensation and employment purposes.

  • Reclassification If any reclassification of the capital stock of the Company shall be effected in such a way that holders of Common Stock shall be entitled to receive stock, securities, or other assets or property, then, as a condition of such reclassification, lawful and adequate provisions shall be made whereby the Holder hereof shall thereafter have the right to purchase and receive (in lieu of the shares of the Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby) such shares of stock, securities or other assets or property as may be issued or payable with respect to or in exchange for a number of outstanding shares of such Common Stock equal to the number of shares of such Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby. In any reclassification described above, appropriate provision shall be made with respect to the rights and interests of the Holder of this Warrant to the end that the provisions hereof (including, without limitation, provisions for adjustments of the Exercise Price and of the number of shares purchasable and receivable upon the exercise of this Warrant) shall thereafter be applicable, as nearly as may be, in relation to any shares of stock, securities or assets thereafter deliverable upon the exercise hereof.

  • Reclassification of Position An employee shall not have her salary reduced by reason of a change in the classification of her position that is caused other than by the employee herself.

  • Reclassification Procedure a. A completed Position Description Form and written explanation for a proposed reclassification request shall be submitted to the Agency Personnel Office.

  • Upward Reclassification When a position is reclassified upward a regular incumbent shall be continued in the position. He/she shall be advanced to the higher class with the same status held in the lower class if he/she meets minimum experience and training requirements. When a position is reclassified upward and the incumbent does not have regular status, the position will be filled competitively at the higher level.

  • Downward Reclassification a. When a position is reclassified to another class at the same pay level or to a class that carries a lower salary range, the incumbent trial service or regular employee shall be accorded corresponding status in the new class.

  • New or Revised Classifications The Employer shall provide at least twenty-five (25) days' notice and will meet and confer with the Union over any new or revised classification specification, if requested by the Union. The Union may propose alternatives to the Employer proposed changes during the twenty-five day period. The Employer shall negotiate with the Union on other classification issues as required by State personnel law.

  • Consolidation of Grievances If the grievance involves a group of employees or if a number of employees file separate grievances on the same matter, the grievances shall, whenever possible, be handled as a single grievance.

  • Legal Action; Utilization of Special Receivership Powers The Assuming Institution shall notify the Receiver in writing (such notice to be given in accordance with Article V below and to include all relevant details) prior to utilizing in any legal action any special legal power or right which the Assuming Institution derives as a result of having acquired an asset from the Receiver, and the Assuming Institution shall not utilize any such power unless the Receiver shall have consented in writing to the proposed usage. The Receiver shall have the right to direct such proposed usage by the Assuming Institution and the Assuming Institution shall comply in all respects with such direction. Upon request of the Receiver, the Assuming Institution will advise the Receiver as to the status of any such legal action. The Assuming Institution shall immediately notify the Receiver of any judgment in litigation involving any of the aforesaid special powers or rights.

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