RATE OF PAY ON PROMOTION/TRANSFER. a. In the event an employee is promoted, the employee’s rate of pay will be adjusted by an amount equal to the difference between the current Pay Equity Target Rate of their current salary band and the current Pay Equity Target Rate of the new salary band, up to the maximum of the current Pay Equity Target Rate for the new position. Example: An employee is promoted from a position in Salary Band "C" to a position in Salary Band "D", difference in bands (Dec. 1/97 rates) = $1.25/hr increase in pay.
Appears in 8 contracts
Samples: Letter of Agreement, Collective Agreement, Collective Agreement
