Salary Upon Reallocation of Class‌ Sample Clauses

Salary Upon Reallocation of Class‌. An employee in a position of a class which is reallocated from one salary scale to another shall continue to receive the same salary step.
Sample 1Sample 2Sample 3See All (51)
AutoNDA by SimpleDocs
Salary Upon Reallocation of Class‌. An employee in a position of a class which is reallocated from one salary range to another shall be compensated at the same step in the new salary range as he/she was compensated in the range to which the class was previously allocated, except when such a reallocation would cause the employee to have a lower salary in which case the incumbent employee’s salary shall be “Y” rated. Or accept the lower salary and therefore be eligible to receive COLA and any other board/commission approved increases.
Sample 1

Related to Salary Upon Reallocation of Class‌

  • Reallocation of Participations to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment Percentages (calculated without regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that (x) the conditions set forth in Section 6.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

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