Pay Recovery. Where an employee has been overpaid, the Employer will advise the appropriate pay office and will, before recovery action has been commenced, advise the employee in writing of the amount of the overpayment and the intention of the Employer to recover the overpayment. Where the overpayment has occurred and at the request of the employee, the recovery of the overpayment shall be extended over a number of pay periods at a normal recovery rate of ten per cent (10%) of the gross salary entitlement of the employee for a pay period. However, in extenuating circumstances, the Employer may authorize a lower recovery rate at the employee’s request or a higher rate of recovery may be applied at the request of the employee.
Pay Recovery. By accepting these Terms and Conditions, the Participant agrees and acknowledges that this Award shall be subject to the requirements of the Senior Executive Pay Recovery Policy of S&P Global or the S&P Ratings Services Pay Recovery Policy (as applicable, the “Policy”) and all shares of Stock or other amounts paid or payable to the Participant under or in respect of the Award shall, if applicable, be subject to recovery or other action pursuant to and as, and to the extent, provided by the applicable Policy (or any successor policy or requirement), as in effect from time to time.
Pay Recovery. (1) When an employee has received more than his proper entitlement to wages or benefits, no continuing employee shall be subject to deductions in excess of twenty percent (20%) of the employee’s net earnings per pay period.
Pay Recovery. Where an Employee, through no fault of their own, has been overpaid, the Employer will, before recovery action is implemented, advise the Employee in writing of the amount overpaid and the intention of the Employer to recover the overpayment. Prior to said recovery, the Employer and Employee shall discuss and devise an acceptable recovery schedule. No employee shall be subject to a deduction in excess of twenty percent (20%) of the net earnings per pay period.
Pay Recovery. Recovery of a salary or wages overpayment may, at the request of the employee, be extended over a number of pay periods at a normal recovery rate of ten percent (10%) of the employee's gross salary entitlement for a pay period.
Pay Recovery. By accepting these Terms and Conditions, the Participant agrees and acknowledges that this Award shall be subject to the requirements of the S&P Global Inc. Financial Statement Compensation Recoupment Policy, the Senior Executive Pay Recovery Policy of S&P Global and/or the S&P Ratings Services Pay Recovery Policy (as applicable, the “Policy”) and all shares of Stock or other amounts paid or payable to the Participant under or in respect of the Award shall, if applicable, be subject to reduction, cancellation, recovery, recoupment, forfeiture or other action pursuant to and as, and to the extent, provided by the applicable Policy (or any successor policy or requirement), as in effect from time to time or any other policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or other applicable laws.
Pay Recovery. 34.01 Where an employee, through no fault of his/her own, has been over-paid, the Employer will, before recovery action is implemented, advise the employee in writing of the amount overpaid and the intentions of the Employer to recover the overpayment. Prior to said recovery the Employer shall discuss the recovery schedule with the employee.
Pay Recovery. The Employer agrees to assist any Employee who does not receive his/her pay by the Friday afternoon following the scheduled payday. The Employer will follow up with the payroll office on lost, stolen, or missing pay.
Pay Recovery should an employee leave the Company any vacation taken and not yet earned will be recovered from their final pay.
Pay Recovery. (1) Where an employee, through no fault of his own, has been overpaid, the Employer will, before recovery action is implemented, advise the employee in writing of the amount overpaid and the intention of the Employer to recover the overpayment. Prior to said recovery, the Employer and employee shall discuss the pay recovery and the employer shall devise an acceptable recovery schedule. But, in any event, the recovery shall not be in excess of twenty percent (20%) of the employee’s net earnings per pay period.
(2) When deductions are made, the Employer shall provide an itemized statement of the purpose and the amount of each deduction.
(3) If more than twelve (12) months have passed since the overpayment, there shall be no recovery of the overpayment.
