What salary treatment should be given to a non-executive who has been acting in an executive position for a significant period of time, and is subsequently appointed to the position?
A. The employee should be appointed at the salary he or she was making while acting in the position. The salary treatment is the same as it would be if the employee were appointed to a different position at the same level of the position in which he/she had been acting. This salary treatment is described in the Directive on Executive Compensation, Appendix B, Salary Elements of Executive Compensation, Section 8.9.
The employee should be appointed at the salary he/she was making while acting in the position. The salary treatment is the same as it would be if the employee was appointed to a different position at the same level of the position in which he/she had been acting. This salary treatment is described in the Directive on Executive Compensation, Appendix B, Salary Elements of Executive Compensation, section 8.9.
Related Questions
- What salary treatment should be given to a non-executive who has been acting in an executive position for a significant period of time, and is subsequently appointed to the position?
- Is a participating credit union required to affect a minimum amount of securities transactions in any given time period?
- Is a non-executive employee acting in an executive position eligible for the 50-percent reimbursement of parking?
