Common use of Reorganization – Terms of Compensation Clause in Contracts

Reorganization – Terms of Compensation. During the life of this Agreement, any employee who, as a result of Judiciary restructuring, accepts a position with a rate of compensation which is less than the rate of compensation he/she is then earning which places the hourly rate between the pay grid steps or above the pay grade maximum, shall be at a “red circled” hourly rate. When a pay raise occurs within the Judicial Branch, the increase for red circled employees will be calculated as follows: The hourly rate will be unchanged until such time as the step rate to which the red circled employee is assigned equals or surpasses his/her current rate of pay (this will most likely be achieved through the implementation of a ABI resulting from collective bargaining) or the employee meets the requirements to advance to the next step. Any ABI increase that occurs prior to the employee’s next step date that does not raise the hourly rate for the applicable step to the employee’s current hourly rate will be paid entirely in cash; If the ABI increase would raise the hourly rate for the applicable step higher than the employee’s current hourly rate, such current hourly rate will be increased to the applicable hourly rate. Any portion of a ABI that is not included in the new step hourly rate for the employee will be paid in cash.

Appears in 2 contracts

Samples: www.vsea.org, www.vsea.org

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Reorganization – Terms of Compensation. During the life of this Agreement, any employee who, as a result of Judiciary restructuring, accepts a position with a rate of compensation which is less than the rate of compensation he/she is then earning which places the hourly rate between the pay grid steps or above the pay grade maximum, shall be at a “red circled” hourly rate. When a pay raise occurs within the Judicial Branch, the increase for red circled employees will be calculated as follows: The hourly rate will be unchanged until such time as the step rate to which the red circled employee is assigned equals or surpasses his/her current rate of pay (this will most likely be achieved through the implementation of a ABI COLA resulting from collective bargaining) or the employee meets the requirements to advance to the next step. Any ABI COLA increase that occurs prior to the employee’s next step date that does not raise the hourly rate for the applicable step to the employee’s current hourly rate will be paid entirely in cash; If the ABI COLA increase would raise the hourly rate for the applicable step higher than the employee’s current hourly rate, such current hourly rate will be increased to the applicable hourly rate. Any portion of a ABI COLA that is not included in the new step hourly rate for the employee will be paid in cash.

Appears in 1 contract

Samples: humanresources.vermont.gov

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Reorganization – Terms of Compensation. During the life of this Agreement, any employee who, as a result of Judiciary restructuring, accepts a position with a rate of compensation which is less than the rate of compensation he/she is then earning which places the hourly rate between the pay grid steps or above the pay grade maximum, shall be at a “red circled” hourly rate. When a pay raise occurs within the Judicial Branch, the increase for red circled employees will be calculated as follows: The hourly rate will be unchanged until such time as the step rate to which the red circled employee is assigned equals or surpasses his/her current rate of pay (this will most likely be achieved through the implementation of a ABI resulting from collective bargaining) or the employee meets the requirements to advance to the next step. Any ABI increase that occurs prior to the employee’s next step date that does not raise the hourly rate for the applicable step to the employee’s current hourly rate will be paid entirely in cash; . If the ABI increase would raise the hourly rate for the applicable step higher than the employee’s current hourly rate, such current hourly rate will be increased to the applicable hourly rate. Any portion of a ABI that is not included in the new step hourly rate for the employee will be paid in cash.

Appears in 1 contract

Samples: www.vsea.org

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