Reclassified Position Clause Samples

The Reclassified Position clause defines the process and implications when an employee's job role or title is changed within an organization. Typically, this clause outlines the circumstances under which a position may be reclassified, such as organizational restructuring or changes in job responsibilities, and details how such changes affect the employee's compensation, benefits, or reporting structure. Its core function is to provide a clear framework for handling job reclassifications, ensuring both employer and employee understand their rights and obligations when a position is altered, thereby reducing disputes and maintaining organizational clarity.
Reclassified Position. A position is considered to be reclassified when a change in the kind, responsibility, or difficulty of the work performed in a position has occurred gradually over a period of time resulting in the assignment of the position to a different classification.

Related to Reclassified Position

  • 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.

  • Reclassification If the Company, by reclassification of securities or otherwise, shall change any of the securities as to which purchase rights under this Warrant exist into the same or a different number of securities of any other class or classes, this Warrant shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the purchase rights under this Warrant immediately prior to such reclassification or other change, and the Purchase Price therefor shall be appropriately adjusted, all subject to further adjustment as provided in this Section 4. No adjustment shall be made pursuant to this Section 4.3 upon any conversion or redemption of the Common Stock which is the subject of Section 4.5.