Permanent Transfer to Higher Rated Classification Sample Clauses

The 'Permanent Transfer to Higher Rated Classification' clause establishes the terms under which an employee may be permanently reassigned to a job classification that has a higher pay rate or status. Typically, this clause outlines the process for such transfers, including eligibility criteria, the effective date of the new classification, and adjustments to compensation or benefits. Its core function is to ensure transparency and fairness in promotions or reclassifications, providing clear guidelines for both employees and employers and preventing disputes over pay or job status changes.
Permanent Transfer to Higher Rated Classification. Any employee, who is permanently transferred to a higher rated classification, shall be paid the rate of pay for the classification to which he or she has been transferred to.

Related to Permanent Transfer to Higher Rated Classification

  • Work in a Higher Classification Any employee who is assigned by his/her supervisor to a vacant position in a higher grade for a period of more than thirty (30) days shall receive the salary rate for the higher position from the first day of the appointment, provided such assignment has the prior approval in writing of the Appointing Authority or his/her designee. The approval of the Appointing Authority or his/her designee shall take effect as of the first day of the assignment. Any assignment to a vacant position in a higher grade must be in writing to be valid.

  • WAGE RATES AND CLASSIFICATIONS Classifications and the hourly wage rates applicable thereto are contained in the Appendices attached to and forming part of this Agreement.

  • New Classification Should a new position or new classification be created within the Bargaining Unit during the term of this Agreement, the Employer and the Union will decide the rate of pay. Nothing herein prevents the Employer from filling such positions and having Nurses working in such positions during such negotiations. The salary when determined will be retroactive to the date on which the successful candidate commenced work in that classification.

  • Effect of Non-Participating Class Members on Calculation of Individual Class Payments Non-Participating Class Members will not receive any Individual Class Payments. The Administrator will retain amounts equal to their Individual Class Payments in the Net Settlement Amount for distribution to Participating Class Members on a pro rata basis.

  • Tax Classification The Series shall elect to be treated as an association taxable as a corporation under Treasury Regulations Section 301.7701-3 with effect for each taxable period of its existence. The Series and each Member shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment. No election will be filed with the Internal Revenue Service (or the tax authorities of any State) to have the Series taxable other than as an association taxable as a corporation for income tax purposes.