Salary Retention Sample Clauses

Salary Retention. A regular employee whose employment is terminated without cause after the employee successfully completes the appropriate probationary period shall not be expected to take a reduction in salary as a result of being the successful applicant to a position one level lower than the employee previously occupied, unless mutually agreed to. In such cases, the employee’s salary will be frozen until the position’s appropriate salary grade catches up to the salary rate currently received by the employee. An employee who refuses two offered positions within one level of their current position will be terminated at the end of the minimum notice period specified in Article 9.1.7 without further pay.
AutoNDA by SimpleDocs
Salary Retention. Employees will receive saved grade and/or saved pay to the extent allowed by law. Saved grade and saved pay is also known as retained grade and retained pay.
Salary Retention. A regular employee whose employment is terminated without cause after she/he successfully com- pletes the appropriate probationary period shall not be expected to take a reduction in salary as a result of being the successful applicant to a position one level lower than she/he previously occu- pied, unless mutually agreed to. In such cases, the employee’s salary will be frozen until the posi- tion’s appropriate salary grade catches up to the salary rate currently received by the employee.
Salary Retention. Salary retention for affected employees will be the maximum allowable under appropriate authorities.

Related to Salary Retention

  • Salary/Wages Grantee shall list personnel involved, position classification, direct salary rates, and hours spent on the Project in accordance with Attachment 3, Grant Work Plan in their documentation for reimbursement or match requirements.

  • Salary Sacrifice Employees may sacrifice their pre-tax earnings, subject to such arrangements being made for legitimate purposes such as additional superannuation contributions. The amount of salary sacrifice being deducted from pre-tax earnings shall be deducted from gross earnings with each pay period. Any such arrangements must be requested, varied or amended in writing, providing no les than one months notice to the Company. A Salary Sacrifice Request Form is attached as a schedule to this Agreement for this purpose. The Company recommends that employees seek independent financial advice prior to entering into salary sacrifice arrangement. The amount of any salary sacrifice income requested must be a fixed sum, without variation from one pay period to the next. The company shall implement employee requests to commence salary sacrifice arrangements at four (4) times a year, on the first full pay period on or after the 1st July, 1st October, 1st January and 1st April. Where adverse tax and/or superannuation changes occur, the Company or employee may terminate these salary sacrifice arrangements. Where a decision to terminate is made, employees will be given one month’s notice in writing.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Overtime Compensation (a) Overtime worked shall be compensated at the following rates:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!