Common use of Protected Salary Clause in Contracts

Protected Salary. An employee subject to layoff who accepts a position with a lower maximum rate of pay than the maximum rate of pay for the employee's current position shall retain the current rate of pay until such time as the rate for the lower paid position equals or exceeds the current rate.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Protected Salary. An employee subject to layoff who accepts a position with a lower maximum rate of pay than the maximum rate of pay for the employee's ’s current position shall retain the current rate of pay until such time as the rate for the lower paid position equals or exceeds the current rate.

Appears in 1 contract

Samples: Collective Agreement

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