REALLOCATION TO A HIGHER PAY RANGE Sample Clauses

REALLOCATION TO A HIGHER PAY RANGE. In the event a position is reallocated to a classification which has a higher maximum pay range, the reallocated employee shall be paid at the minimum rate of the higher pay range, or at the next higher step in the new pay range next above the employee's rate of pay prior to reallocation. Such increase should result in at least a 2.75% increase for employees in pay ranges prefixed by AC@ or at least a 3.25% increase for employees in pay ranges prefixed by AA@. The effective date of the reallocation shall be used to establish a new eligibility date, which shall be one (1) year from the date of the reallocation. In the event a classification is reallocated to a higher maximum pay range, the employee in the classification shall be paid at the minimum rate of the new pay range, or at the next higher step in the new range above the employee's present rate of pay, whichever is greater. Such increase should result in at least a 2.75% increase for employees in pay ranges prefixed by AC@ or at least a 3.25% increase for employees in pay ranges prefixed by AA@. The effective date of the reallocation shall be used to establish a new eligibility date, which shall be one (1) year from the date of the reallocation.
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REALLOCATION TO A HIGHER PAY RANGE. In the event a position is reallocated to a classification which has a higher maximum pay range, the employee concerned shall normally be paid at the minimum rate of the pay range, or five percent (5%) above the employee's present rate of pay, whichever is greater. The effective date of the reallocation shall be used to establish a new eligibility date, which shall be one (1) year from the date of the reallocation. In the event a classification is reallocated to a higher maximum pay range, the employee in the classification shall be paid at the minimum rate of the new pay range, or five percent (5%) above the employee's present rate of pay, whichever is greater. The effective date of the reallocation shall be used to establish a new eligibility date, which shall be one (1) year from the date of the reallocation.
Sample 1

Related to REALLOCATION TO A HIGHER PAY RANGE

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Reallocation to a Class with an Equal Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status.

  • Allocation of Tranche Write-down Amounts to the Reference Tranches On each Payment Date on or prior to the Termination Date, the amount, if any, of the Tranche Write- down Amount for that Payment Date will be allocated, first, to reduce any Overcollateralization Amount for such Payment Date, until such Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Allocation of Tranche Write-up Amounts to the Reference Tranches On each Payment Date on or prior to the Termination Date, the Tranche Write-up Amount, if any, for such Payment Date will be allocated to increase the Class Notional Amount of each Class of Reference Tranche in the following order of priority until the cumulative Tranche Write-up Amounts allocated to each such Class of Reference Tranche is equal to the cumulative Tranche Write-down Amounts previously allocated to such Class of Reference Tranche on or prior to such Payment Date:

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Salary Impact of Reallocation An employee whose position is reallocated will have their salary determined as follows:

  • Promotion to a Higher Classification An employee who is promoted to a higher rated classification within the bargaining unit will be placed in the range of the higher rated classification so that he shall receive no less an increase in wage rate than the equivalent of one step in the wage rate of his previous classification (provided that he does not exceed the wage rate of the classification to which he has been promoted).

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Reimbursement Amount Except for the metropolitan areas listed below, the maximum reimbursement for meals including tax and gratuity, shall be: Breakfast $ 9.00 Lunch $11.00 Dinner $16.00 For the following metropolitan areas the maximum reimbursement shall be: Breakfast $11.00 Lunch $13.00 Dinner $20.00 The metropolitan areas are: Atlanta Boston Cleveland Denver Hartford Kansas City Miami New York City Portland, OR San Francisco St. Louis Baltimore Chicago Dallas/Fort Worth Detroit Houston Los Angeles New Orleans Philadelphia San Diego Seattle Washington D.C. See Appendix L for details related to the boundaries of the above-mentioned metropolitan areas. The metropolitan areas also include any location outside the forty-eight (48) contiguous United States. Employees who meet the eligibility requirements for two (2) or more consecutive meals shall be reimbursed for the actual costs of the meals up to the combined maximum reimbursement amount for the eligible meals.

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