Pay on Demotion. When an employee is demoted, the employee’s rate of pay shall be maintained where such hourly rate exists in the new Pay Band of the lower paid classification. Where such hourly rate does not exist in the new Pay Band, the hourly rate shall be reduced to the hourly rate in the new Pay Band which is the step next below the employee’s highest current hourly rate.
Appears in 7 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Pay on Demotion. When an employee is demoted, the employee’s rate of pay shall be maintained where such hourly rate exists in the new Pay Band of the lower paid classification. Where such hourly rate does not exist in the new Pay Band, the hourly rate shall be reduced to the hourly rate in the new Pay Band which is the step next below the employee’s highest current hourly rate.
Appears in 1 contract
Samples: Collective Agreement
