Common use of Salary Protection Clause in Contracts

Salary Protection. (a) The incumbent of a position reclassified to a lower level having a lower maximum rate (“downgraded”) shall be deemed to have retained his existing rate of pay (the “holding rate”), and classification level for a period of two (2) years. The holding rate shall be adjusted for a period of two (2) years in accordance with annual increments and economic increases in accordance with the provisions of the Agreement. At the end of the two (2) year period, the employee will be paid at the rate in the lower classification level that is nearest to but not lower than his current rate of pay, and the position shall be downgraded to the lower level. If no such rate exists, the employee will continue to be paid at the holding rate until such time as the maximum rate of pay of the lower classification level is equal to or greater than his holding rate of pay.

Salary Protection. (a) The incumbent of a position reclassified to a lower level having a lower maximum rate (“downgraded”) shall be deemed to have retained his her existing rate of pay (the “holding rate”), and classification level for a period of two (2) years. The holding rate shall be adjusted for a period of two (2) years in accordance with annual increments and economic increases in accordance with the provisions of the Agreement. At the end of the two (2) year period, the employee will be paid at the rate in the lower classification level that is nearest to but not lower than his her current rate of pay, and the position shall be downgraded to the lower level. If no such rate exists, the employee will continue to be paid at the holding rate until such time as the maximum rate of pay of the lower classification level is equal to or greater than his her holding rate of pay.

Salary Protection. (a) ay t The incumbent of a position reclassified to a lower level having a lower maximum rate (“downgraded”) shall be deemed to have retained his existing rate of pay (the he “holding rate”), and classification level for a period of two (2) years. The holding he rate shall be adjusted for a period of two (2) years in accordance with annual increments and economic increases in accordance with the provisions of the Agreement. At the end of the two (2) year period, the employee will be paid at the rate in the lower classification level that is nearest to but not lower than his current rate of pay, and the position shall be downgraded to the lower level. If no such rate exists, the employee will continue to be paid at the holding rate until such time as the maximum rate of pay of the lower classification level is equal to or greater than his holding rate of pay.. Prior to the downgrading of a position, the Corporation shall notify the incumbent and the Association in writing. in