Common use of Salary Retention Clause in Contracts

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.

Appears in 3 contracts

Samples: Agreement on Conditions and Terms of Employment, Collective Agreement, Agreement on Conditions and Terms of Employment

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Salary Retention. A regular employee whose employment is terminated without cause after the employee she/he 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 she/he 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.

Appears in 2 contracts

Samples: Employment Agreement, Agreement on Conditions and Terms of Employment

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Salary Retention. A regular employee whose employment is terminated without cause after the employee she/he 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 she/he 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 her/his current position will be terminated at the end of the minimum notice period specified in Article 9.1.7 without further pay.

Appears in 1 contract

Samples: Employment Agreement

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