Red Circle Clause Samples
The "Red Circle" clause designates certain employees or positions as exempt from standard changes in pay or employment terms, typically to protect their current compensation or status. In practice, this means that if a company restructures pay scales or job classifications, individuals covered by a Red Circle clause retain their existing salary or benefits, even if their new role would normally warrant a reduction. The core function of this clause is to safeguard specific employees from negative impacts due to organizational changes, ensuring fairness and stability during transitions.
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Red Circle. Whenever there is a reduction in the wage rate as a result of the re-evaluation of a job, the District agrees that an employee with seniority incumbent in such job shall not suffer any reduction in pay as long as the employee remains on the job. Such an employee shall be considered to have a "red-circle" rate and shall not receive a wage increase until the basic wage rate for the job exceeds the employee’s "red-circle" rate.
Red Circle. When an employee’s pay rate is above the established maximum of the range for the classification. An employee whose pay is red-circled is not eligible for pay increases, including step increases and cost of living adjustments (COLA), until their pay rate falls within the established range again.
Red Circle. Notwithstanding paragraph (A), when an employee begins to perform a lower classified job due to the introduction of new machinery, modification to existing machinery, change in production methods or office methods, they will continue to be paid at the same salary rate until they refuse a promotion on the same shift to a job which is not higher than the job from which they were originally demoted. If they refuse such a transfer, their salary shall be reduced immediately upon such refusal, unless such refusal is due to physical impairment, or the employee is within ten (10) years of the normal retirement age.
Red Circle. When the employee’s pay rate is above the established maximum of that position
Red Circle. No employee will following ratification receive an hourly rate that would be less than his wage immediately prior to ratification due to his placement on the classification guideline.
Red Circle. Over-ride; No employee will following ratification receive an hourly rate that would be less than 1.4% higher than his wage immediately prior to ratification. The Employer shall have the right to provide a higher rate to any such employee so long as that would not expand the current gap between the Collective Agreement’s rate and the employee’s current rate.
Red Circle. In a continuing effort to bring all Colt Employees under a single pay system, red circle employee’s pay will be frozen for the first year of this contract. Red Circle employees that would meet the base rate of pay due to scheduled raises will assume the base rate and removed from red circle. Those employees will receive a lump sum payment at the end of each quarter for the first year of the contract equal to [*]. After the first year of the contract employees still above scale will be continued at that higher rate and receive scheduled wage increases agreed upon, providing they maintain their current skill set.
Red Circle. Where, at the time of ratification of this Agreement, an employee is paid above the rates contained in this Agreement, that employee shall receive the scheduled percentage increase to his existing rate at each scheduled increase.
Red Circle. No employee will receive a reduction in wages as a result of the implementation of the collective agreement. Employees whose wages are in excess of the wages in Appendix A will be red circled until such time as their wage rate equals the wage rate for their classification. Chief Executive Officer Manager, Finance/ VP Finance Manager, Operations/ VP Operations Manager, Business Solutions/ VP Business Solutions Manager, Marketing & Communications Supervisor, Member Service Supervisor, Teller Service Supervisor, Sales & Service Supervisor, Administration Controller Executive Assistant Supervisor, Operations Support The following is a brief description of our Health and Welfare Benefit Plans. For a more detailed interpretation, refer to your Employee Benefits Handbook. Where there is a conflict between the following and the benefit plan documents, the Benefit Plan documents shall take precedence.
Red Circle. Employees who are above present wage scale will be red circled and exempt from COLA increases until wage scale reaches their present salary.