Common use of Equalisation allowance Clause in Contracts

Equalisation allowance. 82.1 If you are reassigned to a new position at a lower salary, an equalisation allowance will be paid to preserve your salary at the rate paid in the old job at the time of reassignment. You can elect to receive this allowance as either: › lump sum equivalent to the difference between your present salary and the new salary for two years, or › an allowance equivalent to the difference between your present salary and your new salary for a two year period (this is abated by any subsequent salary increases). 82.2 In the event that you are reassigned, or decline to be reassigned, to an alternative position, you shall have no entitlement to redundancy compensation. 82.3 If you are reassigned to a position with a lower salary, MBIE will continue seeking alternative options for you. 82.4 Where you are reassigned to a lower salaried position this arrangement shall be 37 subject to yearly review where alternative options are assessed, taking into account performance and development needs. (note: A 'more suitable alternative option' is one in which the employee is not disadvantaged in terms of current terms and conditions of employment and should take into consideration the employee's skills, abilities and potential to be retrained). 82.5 If you choose not to accept a suitable reassignment, an option is leave without pay. 82.6 In the event that your position becomes surplus to MBIE’s requirements and no alternative position is available, you shall be declared redundant.

Equalisation allowance. 82.1 If you are reassigned to a new position at a lower salary, an equalisation allowance will be paid to preserve your salary at the rate paid in the old job at the time of reassignment. You can elect to receive this allowance as either: ›  lump sum equivalent to the difference between your present salary and the new salary for two years, or ›  an allowance equivalent to the difference between your present salary and your new salary for a two year period (this is abated by any subsequent salary increases). 82.2 In the event that you are reassigned, or decline to be reassigned, to an alternative position, you shall have no entitlement to redundancy compensation. 82.3 If you are reassigned to a position with a lower salary, MBIE will continue seeking alternative options for you. 82.4 Where you are reassigned to a lower salaried position this arrangement shall be 37 subject to yearly review where alternative options are assessed, taking into account performance and development needs. (note: A 'more suitable alternative option' is one in which the employee is not disadvantaged in terms of current terms and conditions of employment and should take into consideration the employee's skills, abilities and potential to be retrainedberetrained). 82.5 If you choose not to accept a suitable reassignment, an option is leave without pay. 82.6 In the event that your position becomes surplus to MBIE’s requirements and no alternative position is available, you shall be declared redundant.

Equalisation allowance. 82.1 80.1 If you are reassigned to a new position at a lower salary, an equalisation allowance will be paid to preserve your salary at the rate paid in the old job at the time of reassignment. You can elect to receive this allowance as either: › • a lump sum equivalent to the difference between your present salary and the new salary for two years, or › • an allowance equivalent to the difference between your present salary and your new salary for a two two-year period (this is abated by any subsequent salary increases). 82.2 80.2 In the event that you are reassigned, or decline to be reassigned, to an alternative position, you shall will have no entitlement to redundancy compensation. 82.3 80.3 If you are reassigned to a position with a lower salary, MBIE will continue seeking alternative options for you. 82.4 80.4 Where you are reassigned to a position with a lower salaried position salary this arrangement shall will be 37 subject to yearly review where alternative options are assessed, taking into account performance and development needs. (note: A 'more suitable alternative option' is one in which the employee is not disadvantaged in terms of current terms and conditions of employment and should take into consideration the employee's skills, abilities and potential to be retrained). 82.5 80.5 If you choose not to accept a suitable reassignment, an option is leave without pay. 82.6 80.6 In the event that your position becomes surplus to MBIE’s requirements and no alternative position is available, you shall be declared redundant.no