Wage Treatment Upon Reclassification Sample Clauses

Wage Treatment Upon Reclassification. 31.4.1 Employees reclassified to a higher wage schedule who formerly held a higher wage schedule position within twenty-four (24) months and who have the knowledge and ability to immediately perform the functions of the new position, will be compensated at the same progression interval as the formerly held position. Cases exceeding twenty-four (24) months may be waived at the Company’s discretion. 31.4.2 Employees receiving a promotion will move to the next higher wage rate on the new schedule plus one (1) additional wage step on the new schedule. The employee’s wage will then follow the new progression schedule with the date for the next wage treatment being six (6) months from the date of promotion. If an employee has been at the top rate over six (6) months, an additional step on the new progression schedule will be granted. 31.4.3 If an employee is changed to another job on a lower wage schedule, the employee's rate is to be adjusted to the rate on the lower wage schedule that is the same as or immediately below the employee's current rate. Subsequent progression increases will proceed from the date of the previous progression increase. 31.4.4 If an employee is changed to another job on the same wage schedule, there will be no change in rate. Progression increases will proceed from the date of the previous progression increase. 31.4.5 An employee transferred or loaned on a temporary basis to another job that falls under another wage schedule will continue on the wage schedule of his/her regular job. Should a temporary transfer be to a job on a higher wage schedule, the employee's rate will be adjusted after one (1) consecutive hour of work to the rate on the higher wage schedule that is immediately above the employee's current rate for time worked in the higher job. An employee who has held the higher job classification and who is transferred or temporarily assigned to that former classification will have his/her wage rate adjusted to the position on the wage schedule that he/she obtained when he/she formerly held the job after one (1) consecutive hour of work; or have his/her wage adjusted according to whichever is higher. 31.4.6 Employees temporarily assigned to work in a lower wage classification will not have their wage reduced. 31.4.7 If an employee is reclassified from a higher to a lower wage schedule because of sickness or accident disability and, upon recovery, wishes to return to his/her former classification, the employee may do so provided ...
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Wage Treatment Upon Reclassification. Lateral a. When an employee is reclassified to an equally rated job (lateral) within the same Exchange Wage Classification Area, the current wage rate would remain in effect until normal progression provides for a higher amount. b. When an employee is reclassified to an equally rate job (lateral) or transferred in the same job title classification from one Exchange Wage Classification Area to another, the following procedure will apply: b.1 The employee will be placed at the corresponding wage schedule step position in the new Exchange Wage Classification Area.
Wage Treatment Upon Reclassification 

Related to Wage Treatment Upon Reclassification

  • Reclassification of Position An employee shall not have her salary reduced by reason of a change in the classification of her position that is caused other than by the employee herself.

  • Classification and Reclassification It is understood and agreed that any Lien, sale, lease or other disposition of assets, Dividend, Indebtedness, Investment, transaction with Affiliates or prepayment of Indebtedness need not be permitted solely by reference to one category of permitted Lien, sale, lease or other disposition of assets, Dividend, Indebtedness, Investment, transactions with Affiliates or prepayment of Indebtedness under Sections 10.01, 10.02, 10.03, 10.04, 10.05, 10.06 and 10.07, respectively, but may instead be permitted in part under any combination thereof (it being understood that Borrower may utilize amounts under any category that is subject to any financial ratio or test, including the Consolidated Fixed Charge Coverage Ratio, Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio or Consolidated Total Net Leverage Ratio, prior to amounts under any other category). For purposes of determining compliance at any time with Sections 10.01, 10.02, 10.03, 10.04, 10.05, 10.06 and 10.07, in the event that any Lien, sale, lease or other disposition of assets, Dividend, Indebtedness, Investment, transaction with Affiliates or prepayment of Indebtedness meets the criteria of more than one of the categories of transactions or items permitted pursuant to any clause of such Sections 10.01, 10.02, 10.03, 10.04, 10.05, 10.06 and 10.07, Borrower, in its sole discretion, may, from time to time, classify or reclassify such transaction or item (or portion thereof) and will only be required to include the amount and type of such transaction (or portion thereof) in any one category. Reclassifications of any utilization of the Incremental Amount shall occur automatically to the extent set forth in the definition thereof.

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