Common use of Rate of Pay on Voluntary Demotion Clause in Contracts

Rate of Pay on Voluntary Demotion. The hourly pay equity rate of pay of an Employee who accepts a position in a lower paid classification shall remain the same if the hourly pay equity rate exists within the new pay band. If no such pay equity rate of pay exists, the Employee’s hourly pay equity rate of pay shall be placed at the step next below the Employee’s current hourly pay equity rate of pay.

Rate of Pay on Voluntary Demotion. The hourly pay equity rate of pay of an Employee who accepts a position in a lower paid classification shall remain the same if the hourly pay equity rate exists within the new pay bandrange of pay. If no such pay equity rate of pay exists, the Employee’s hourly pay equity rate of pay shall be placed at the step next below the Employee’s current hourly pay equity rate of pay.

Rate of Pay on Voluntary Demotion. The hourly pay equity rate of pay of an Employee who accepts a position in a lower paid classification shall remain the same if the hourly pay equity rate exists within the new pay band. If no such pay equity rate of pay exists, the Employee’s Employee s hourly pay equity rate of pay shall be placed at the step next below the Employee’s Employee s current hourly pay equity rate of pay.