Severance Demotion to Lower Rate of Pay Sample Clauses

Severance Demotion to Lower Rate of Pay. 10.1 Severance Pay on Closing of Store In the event there is a permanent closure of a store, causing a regular full-time employee to lose their employment, the Employer hereby agrees to pay such an employee severance pay at their regular rate of pay according to the following schedule: Full-time Consecutive Service – Severance Pay Up to two (2) years One (1) week Over two (2) years One (1) weeks pay for every year of full-time service to a maximum of twenty (20) weeks. This article does not apply to a temporary lay-off; full-time employees who accept other full-time or part-time employment with the Employer, or to regular full-time employees who lose employment and are reinstated within thirty (30) days to full-time status. Employees who qualify shall not be entitled to the following benefits contained in Article 10.3 pertaining to normal termination.
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Severance Demotion to Lower Rate of Pay. 10.1 Severance Pay on Closing of Store In the event there is a permanent closure of the store, causing a regular full-time employee to lose their employment, the Employer hereby agrees to pay such an employee severance pay at their regular rate of pay according to the following schedule: Full-time Consecutive Service – Severance Pay Up to two (2) years One (1) week Over two (2) years One (1) weeks pay for every year of full- time service to a maximum of twenty
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Severance Demotion to Lower Rate of Pay 
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Related to Severance Demotion to Lower Rate of Pay

  • Salary Rate on Demotion When an employee is demoted the employee shall receive the rate for the position if a single salary. If a salary range is established, the maximum reduction shall be the closest step to 8%, but where the differential between the employee's salary before demotion and the maximum salary of the lower position is greater than 8%, the new salary shall be the maximum of the new position.

  • Regular Rate of Pay The regular rate of pay for each position in the bargaining unit shall be in accordance with the rates established for each class provided for in Appendix B. The regular rate of pay shall include any longevity increment required to be paid under this Agreement.

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

  • Salary Rate Upon Employment The hiring rate of pay for a new employee shall not be higher than the rate of pay for an existing employee in the same classification with similar work experience, training and education.

  • HOLIDAY COMPENSATION FOR TIME WORKED 110. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time-and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime pursuant to the provisions of Section III.E.2. 111. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • RELIEVING IN HIGHER AND LOWER-RATED POSITIONS 23.01 In the event of an employee relieving in a higher-rated job, the employee shall receive the hourly rate of the position they are relieving for any and all hours relieving.

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