Reclassification Upward Sample Clauses
The "Reclassification Upward" clause allows for the adjustment of an item, asset, or obligation to a higher classification or category, typically based on updated criteria or performance metrics. In practice, this could mean moving a financial instrument from a lower to a higher risk category, or reclassifying an employee to a higher job grade after meeting certain benchmarks. The core function of this clause is to ensure that classifications remain accurate and reflective of current circumstances, thereby maintaining fairness and compliance with relevant standards or agreements.
Reclassification Upward. Any employee reclassified upward shall move into the new range at the closest step that is higher than the employee’s current rate. Anniversary date for future step increases shall be established as the first of the month following the date the employee’s request was received.
Reclassification Upward. A decision of the university to deny a reclassification upward request may be appealed in writing by the Union under the procedure described in Article 18 –
Reclassification Upward. When an employee is reclassified upward, the employee shall move to the new salary pay grade and shall be placed at a new salary step that is closest to, but not less than, the employee’s salary step of their pre-reclassification pay grade. The employee’s payroll anniversary date will not be reset as a result of a reclassification upward.
Reclassification Upward. Any employee reclassified upward shall move into the new range at the closest step that is higher than their current rate. The employee’s salary eligibility date shall not change as a result of the reclassification.
Reclassification Upward. When all of the positions in a class are reclassified to a higher class, the incumbents of the positions who have been in the class for two (2) or more years may be reclassified by agreement of the District and CSEA to the higher class.
Reclassification Upward. (A) Reclassification upward is a change in classification of a position by raising it to a higher classification. Except within nine (9) months of a misallocation, a reclassification must be based on a finding that the duties, authority and/or responsibilities of a position have been enlarged, diminished or altered, but the knowledge, skills and abilities required are still essentially similar to those previously required. A misallocation occurs when: (1) a position is improperly allocated at the time it is created or, (2) an employee is placed in a position in which the duties and responsibilities do not accurately reflect the assigned classification.
(B) Employees may request reclassification by submitting an OUS position description form and written explanation with all relevant evidence for the proposed reclassification to the university/college Appointing Authority. The university/college shall review the merits of the request. Within thirty (30) days after receipt of the reclassification request, the university/college shall notify the employee of its decision, unless otherwise mutually agreed in writing. The Union shall be entitled during the thirty (30) day review period to present further arguments in support of the request. Should the duties of the position support the proposed reclassification, the university/college shall make a determination whether to reclassify or remove the duties in a timely manner.
(C) The effective date shall be the first of the month following the month in which the reclassification request was received by the university/college. The employee will receive a lump sum payment for the difference between the current salary rate, including work-out-of-class pay, if any, and the proposed salary rate, for the time period beginning the first of the month following the month in which the reclassification request was received by the university/college to the date of actual implementation.
Reclassification Upward. When an employee is reclassified to a classification with a higher salary range, the incumbent shall receive the first step of the higher classification salary range or be placed on the step that provides at least a four and one half percent (4.5%) increase over the employee’s current salary.
Reclassification Upward. An employee whose current position is reclassified to a higher band will receive an increase of five per cent (5%) per band or the minimum eighty per cent (80%) of the new salary band whichever is greater. In exceptional circumstances and with prior approval by the Associate Vice- President Human Resources, or their designate, the adjustment may be greater or less than five per cent (5%) per band. If the employee enters the new band with a salary at or above the new band mid-point, any increases to their salary require approval by the Associate Vice-President, Human Resources, or their designate.
Reclassification Upward. To fill the position recently reclassified, the Agency shall use a competitive process and employees from the Functional Unit in the position’s previous classification shall be eligible to apply and be considered for the newly reclassified position.
Reclassification Upward. When a position is reclassified to a classification having a higher salary range, and the incumbent employee is appointed to the position so reclas- sified, the salary rate of such employee appointed to the reclassified position will normally be placed at the First Step in the higher range, provided that the present salary of such employee shall be continued if it is higher than the First Step in the higher range.