Common use of Promotion Formula Clause in Contracts

Promotion Formula. On promotion an employee's rate of pay shall be adjusted to the minimum of the new range except that the rate will not be less than her current salary and not more than the maximum of the new range.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Promotion Formula. On promotion an employee's rate of pay shall be adjusted to the minimum of the new range except that the rate will not be less than 4% above her current salary and not more than the maximum of the new range.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Promotion Formula. On promotion an employee's rate of pay shall be adjusted to the minimum of the new range except that the rate will not be less than her their current salary and not more than the maximum of the new range.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!