Wage Placement Clause Samples

The Wage Placement clause establishes how and at what rate employees will be compensated for their work. It typically outlines the initial wage or salary, the frequency of payment, and may specify conditions for wage adjustments or placement within a pay scale. This clause ensures both employer and employee have a clear understanding of compensation terms, thereby preventing disputes and promoting transparency regarding pay.
Wage Placement. An employee who bumps into a new position shall retain their current wage, if it is within the wage grade of the position into which they have bumped. If the bumping person’s current wage is higher than the maximum of the new wage grade, the wage will be reduced to the maximum of the new wage grade. Changes to wage will take effect the first of the month following the date the employee begins work in the new position.
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Wage Placement. A. Employees shall be paid pursuant to the Wage Formula Model, attached as Appendix 1. B. Beginning with employees first employed on or after August 1, 2021, up to 6 years of work experience may be credited to those employees for prior full-time/part-time school or work experience within the same or similar employee classification. The employee’s Initial Placement Wage shall be increased by 2% for each such year of work experience. This provision is subject to written and certified verification from the appropriate official of the employing school system. In order to receive this credit, this certification must be received by the Administration no later than 30 days after employment. The District shall inform all new employees of their eligibility for previous work credit at the time of hire. The District shall also notify the OSPF President of any such out-of-district credit awarded. C. Hourly wages shall be computed into annual salary for 2-week pay periods according to the following formula: Hourly rate x # hours scheduled per day x # days scheduled per year divided by # of pay dates = expected/tentative annual salary. Said amounts shall be paid every other week, subject to quarterly reconciliation to accommodate any approved dock days, leave and overtime. This provision is not subject to the grievance procedure. D. Employees whose contract work year is 180 days or more shall be paid on a schedule of 26 pay periods per year. E. All employees shall have their paycheck directly deposited into a bank or financial institution selected by the employee.
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Wage Placement. Employees selected for a higher paid classification shall be placed at the next highest step that affords an increase. Employees who elect to apply and are selected for a lower paid classification shall be placed on the same seniority step as his/her current position.
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Wage Placement. The base hourly wage for all newly hired ESP employees shall be according to the ESP Employee base compensation schedule. See Exhibit 1. No more than three (3) years of previous experience will be considered to determine the hourly wage for newly hired ESP employees.
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Wage Placement. Provisional Placement – If a classification is revised to reflect new higher level duties or to remove significant duties which change the wage placement of the position, Human Resources shall make a provisional placement and notify the Union of such placement. If the Union disagrees with the provisional placement, the Union shall notify the City and negotiation for wage placement of the classification shall be included in the bargaining process. Provisional wage placement will remain in effect until the parties reach agreement and the agreement is implemented. If the Union does not request to negotiate the placement, the provisional placement will become permanent.
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Wage Placement. A. New bargaining unit members shall be placed at the entry level step on the Wage Schedule based on their classification. The Employer may grant experience credit for similar work. However, if experience credit is granted, the Union will be notified. B. A bargaining unit member accepted for transfer to a position shall be placed on his/her then current step on the Wage Schedule for the new position. Such a transfer shall not affect the bargaining unit member's anniversary date.
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Wage Placement. An employee who bumps into a new positon shall retain his/her current wage, if it is within the wage grade of the position into which he/she has bumped. If the bumping person’s current wage is higher than the maximum of the new wage grade, the wage will be reduced to the maximum of the new wage grade. Changes to wage will take effect the first of the month following the date the employee begins work in the new position.
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Wage Placement. If the employee returns to the same job, he shall be placed at the regular step progression on the same basis as if he had worked. If the employee returns to a different job, the employee will be placed on the wage scale at a step that is commensurate with his ability to perform the job.
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Related to Wage Placement

  • Step Placement When a reclassification action occurs, the justification for the action taken shall be provided in writing to the affected employee or employees. When an employee is reclassified to a position having a higher maximum regular base hourly rate, the employee’s pay shall be increased to the pay step amount which is at least, and closest to, 3 percent higher than the pay they received prior to the reclassification. When an employee is reclassified to a position having the same maximum regular base hourly rate, the employee’s pay step amount shall remain the same. When an employee is reclassified to a position having a lower maximum regular base hourly rate, the employee’s pay shall be decreased to the pay step amount closest to their present regular base hourly rate. However, when the employee’s regular base hourly rate of pay, prior to the reclassification, is greater than step 9 of the newly assigned pay grade, the employee’s regular base hourly rate of pay shall be frozen as of the date of the reclassification. The employee’s regular base hourly rate shall remain frozen until such time as step 9 of the pay grade assigned to the employee’s classification is equal to or greater than the employee’s frozen rate of pay. When that occurs, the employee shall be placed into step 9 of the new pay grade assigned to the employee’s classification. When a reclassification occurs in a multi-incumbent classification and incumbents compete for the classification, the salary placement shall be administered in the same manner as a promotion in Article 13, Section 3.

  • Initial Placement The issuance and sale by the Company of the Notes to the Initial Purchasers pursuant to the Purchase Agreement.

  • Order Placement To place orders for the Trustee to create or redeem one or more Baskets, Authorized Participants must follow the procedures for creation and redemption referred to in Section 3 of this Agreement and the procedures described in Attachment A hereto (the “Procedures”), as each may be amended, modified or supplemented from time to time.

  • Private Placement Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section 3.2, no registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Purchasers as contemplated hereby. The issuance and sale of the Securities hereunder does not contravene the rules and regulations of the Trading Market.

  • Salary Placement Entry-level placement on the salary schedule shall be at the lowest step of the schedule for the classification or at the hourly rate established for the classification, unless the District authorizes hiring at a higher rate.