XXXXXX AND/OR DEMOTION IN LIEU OF LAYOFF SALARIES AND BENEFITS Sample Clauses

XXXXXX AND/OR DEMOTION IN LIEU OF LAYOFF SALARIES AND BENEFITS. The current salary of the employee who is demoted to or voluntarily consents to a reassignment lower in classification, shall by Y-rated, that is maintained at the same hourly or monthly rate (whichever is applicable), until the salary appropriate to the reassignment exceeds the Y-rated hourly or monthly salary on succeeding salary schedules. This means the employee will receive no less than his/her current hourly or monthly rate (whichever is applicable) based on range and step at the time of action of demotion or reassignment pursuant to this Article. The employee, in addition to any other benefits provided, shall be entitled to medical/dental coverage at no expense to the employee for a period of two (2) months from the effective date of layoff. The coverage shall be equal to that purchased by the District and/or the employee during active employment status.
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Related to XXXXXX AND/OR DEMOTION IN LIEU OF LAYOFF SALARIES AND BENEFITS

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