Salary on Voluntary Demotion. A manager or supervisor who has taken a voluntary demotion to a lower job class may be reinstated to a vacant position in his/her former job class within two years of the effective date of the voluntary demotion without requalifying by competitive processes. A manager or supervisor reinstated to his/her former job class from a voluntary demotion shall retain his/her current rate of pay. If the rate of pay is not included in the salary schedule of his/her former job class, the employee shall be placed at a salary rate within the range which is closes to his/her current rate of pay. The anniversary date shall be retained for purposes of pay increases; however, if placed in the base salary of the salary schedule, the employee shall be eligible for a pay increase after completing the required amount of service according to the Salary Resolution or his/her regular anniversary date, whichever is sooner.
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Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding