RETENTION OF RATE Sample Clauses

RETENTION OF RATE. Where, as a result of the rationalization of the Company's operations, the introduction of technological change or changes in work practices occurs, the following will apply to minimise redundancies. a. Where an employee who is appointed to a classification (s), which receives a lower fortnightly wage rate than the current fortnightly wage rate of his/her classification they shall retain the wage rate applicable to their previous classification for a period of six (6) months. After this time, employees will revert to the lower rate and will be eligible to receive wage increases thereafter. b. If an employee rejects, or declines an appointment in accordance with paragraph a. above, he or she shall be deemed as electing to accept redundancy. c. In respect of paragraph a. there will be a trial period of four (4) weeks in the new position, and at the end of that time the employee must either accept the new position or shall be deemed as accepting redundancy in accordance with paragraph b.
Sample 1Sample 2
RETENTION OF RATE. For an employee who is redeployed to an alternative position at a lower 3.1 The employee’s former classification rate of pay will be retained and all increases are to be absorbed indefinitely until the employee’s new classification rises to meet the salary level of the former classification.
Sample 1
RETENTION OF RATE. For an employee who is redeployed to an alternative position at a lower classification, the following shall apply: 41.3.1 The employee’s former classification rate of pay will be retained and all increases are to be absorbed indefinitely until the employee’s new classification rises to meet the salary level of the former classification. 41.3.2 At such time the employee may seek to negotiate a voluntary separation package (VSP), acceptance of which by the employee and Council is not mandatory. Upon redeployment where a VSP has been offered by Council such offer will remain open for a period of six months from commencement in the redeployed position. 41.3.3 In addition, the employee will be provided with the opportunity to undertake training and development in an effort to maintain their current classification, skill or for further career progression as determined by Council. The following conditions shall apply in respect of any such application: 42.1 The VSP’s are discretional on the part of Council both in terms of the numbers to be approved and the individuals concerned. 42.2 The VSP formula shall comprise of the following payments:
Sample 1
RETENTION OF RATE. Any employee who is appointed to a position where the classification is lower than their previous position, will retain their classification level prior to the change, until they progress to a higher classification than prior to the change. This will be in circumstances where there has been changes due to the introduction of technology, changes to work practices or market changes which affect the Company’s operations.
Sample 1

Related to RETENTION OF RATE

  • Retention of Rights The JBE retains all rights, title and interest (including all Intellectual Property Rights) in and to the JBE Materials. Subject to rights granted herein, Contractor retains all rights, title and interest (including all Intellectual Property Rights) in and to the Contractor Materials.

  • Reporting Total Compensation of Recipient Executives 1. Applicability and what to report. You must report total compensation for each of your five most highly compensated executives for the preceding completed fiscal year, if— i. the total Federal funding authorized to date under this award is $25,000 or more; ii. in the preceding fiscal year, you received— (a) 80 percent or more of your annual gross revenues from Federal procurement contracts (and subcontracts) and Federal financial assistance subject to the Transparency Act, as defined at 2 CFR 170.320 (and subawards); and (b) $25,000,000 or more in annual gross revenues from Federal procurement contracts (and subcontracts) and Federal financial assistance subject to the Transparency Act, as defined at 2 CFR 170.320 (and subawards); and iii. The public does not have access to information about the compensation of the executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986. (To determine if the public has access to the compensation information, see the U.S. Security and Exchange Commission total compensation filings at xxxx://xxx.xxx.xxx/answers/execomp.htm.) 2. Where and when to report. You must report executive total compensation described in paragraph A.1. of this award term: i. As part of your registration profile at xxxxx://xxx.xxx.gov. ii. By the end of the month following the month in which this award is made, and annually thereafter.

  • Retention of Funds Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.

  • Retention of Benefits Union leave under the following four (4) sections will be unpaid. The Employer will maintain regular pay and xxxx the Union for the costs of the employee’s salary and benefits. If the Union member is part-time or casual, and the leave is greater than their normal work hours, the Employer will pay the employee for the full length of the leave requested by the Union. The Employer will xxxx the Union for these days as noted above. The Union will pay these invoices within twenty-eight (28) days. Union leave is not unpaid leave for the purposes of Article 22.02 [i.e. such leave will not affect the employee’s benefits, seniority or increment anniversary date].

  • Retention of Records The Contractor and its subcontractors shall maintain all records pertinent to this Agreement, and all other financial, statistical, property, participant records, and supporting documentation for a period of no less than seven (7) years from the later of the date of acceptance of the final payment or until all audit findings have been resolved. If any litigation, claim, negotiation, audit or other action involving the records has been started before the expiration of the retention period, the records shall be retained until completion of the action and resolution of all issues which arise from it, or until the end of the seven (7) years, whichever is later, and until any outstanding litigation, audit, or claim has been fully resolved.

  • Retention of Data With regard to business transactions covered by this Agreement, Licensee must retain any records for a period of ten years starting on 1th of January of the year following the year during which the data were transmitted or otherwise transferred, or for the minimum period prescribed by applicable law, whichever is longer. In addition, Licensee must maintain current, complete and accurate reports on all of SAP’s Confidential Information in its possession or in the possession of its representatives.