Sentences with phrase «if key employees»

If key employees have left the company or the office has been redecorated or moved, by all means update the content to reflect the changes.

On the other hand, if your key employees are frequent travelers promoting and expanding the business, you've got a different corporate risk.

Bottom line: If your key employees don't see a commitment, a path, and a future full of promise, they're unlikely to be sticking around.

That way, if a key employee is absent for some reason, there are people who are in the know and trained to fill in for that moment.

If this is the case, you may have to look to other options, such as a loan, to provide compensation if your key employee should pass away.

This covers what happens to your business when you die, what happens if a key employee or a business partner dies, and how to cover term life insurance benefits to employees.

A key person policy will ensure that your business will keep running if that key employee passes away.

Typically designed so that the surviving business partner would have the money to purchase the company interests, life insurance for businesses can also be structured as «key person insurance,» where if a key employee dies the business owner will receive a benefit to help offset the financial impact of losing the key employee.

It is also a logical way to insure that a business can retain options and flexibility if a key employee dies or is disabled.

If this is the case, you may have to look to other options, such as a loan, to provide compensation if your key employee should pass away.

Business Overhead Expense Insurance coverage provides cash to your business if your key employee is disabled.

All to often a business will purchase key person life insurance on a valued employee, but will neglect to consider what might happen if that key employee were to suffer a disability.

The cost associated with securing a policy for key man insurance is very small relative to the costs and damage without it & the potential benefits a company receives if a key employee dies or is disabled.

The bonus is never recovered by the company even if the key employee leaves the company prior to vesting.

At that time, if the key employee can not perform the regular and substantial duties of his regular occupation, the lump sum benefit is paid to the company and the policy terminates.

If the key employee is taking over the business it may be difficult to come up with sufficient funds to buy the business over a reasonable period of time.

They fund buy sell agreements and they provide cash to a business if a key employee should die.

If a key employee is disabled, the key person disability insurance will provide the needed cash influx to support your business while you work to find a replacement or give your key employee time to rehabilitate.

In this, the death benefit is paid to the company if a key employee dies.

Recruiting, Hiring, and Training If a key employee passes away, the proceeds from their life insurance can be used to mitigate the costs of recruiting and training a new employee to handle their responsibilities.

If the key employee dies, the money is there to help the company through a transition phase.

If the key employee lives, the company can bonus the tax free premium refund as a retirement gift.

Not exact matches

When a key customer's project is in jeopardy, remarkable employees know without being told there's a problem and they jump in without being asked -; even if it's not their job.

Communication is key in every relationship, whether if it's your spouse, co-founder, employees or customers.

The due diligence provision should set forth the items to be reviewed by the buyer, the time frame, and any special provisions, such as if, and when, contact with key employees and customers will occur.

It's a good deal for you and your key employees: After all, if you want to hire smart people, remember that smart people won't work for beans.

You may be deemed a «key employee» even if nobody reports to you.

If you want to improve at engaging and retaining key employees, there's one simple step you can take.

Answering the other questions is key to staying out of trouble, especially if — as companies like Mobilocity Inc. and O'Reilly & Associates — you encourage or allow your employees to blog as well.

Trust is key: If you can't trust your employees to perform, they shouldn't be on your payroll.

If you have a good distribution system on how to manage and broadcast your data the company can control what employees see, what access to what information they have without compromising the integrity or safety of the business intelligence, which is also key.»

Getting everyone on the same page will allow you to become a key part of the company as the organization risks losing clients, employees and moral if you leave.

While employee relationships are one of the key reasons customers choose to do business with you, you are in a dangerous situation if that relationship is the single strong tie between customer and company.

One of the reasons why these jump teams are the key to the chain's success is because employees may not be able to work if they're dealing with their own hurricane damage.

Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.

You might also want life insurance to cover college expenses for your kids if you die, or pay off your mortgage at that point, or to pay for funeral expenses, or to protect the income your business gets from a key employee.

If in the process of conducting business, you or your employees find yourselves traveling abroad, and wish to use the company credit card to pay for all expenses, this feature becomes key.

With retirement savings taking a back seat to more immediate financial concerns, and the percentage of workers confident that they'll have enough money for a comfortable retirement at low levels, it's more important than ever for plan sponsors to consider retirement readiness as a key — if not the key issue — their employees are facing.

The key employee usually has special skills that, if unavailable, would harm the business if the employee died, resigned, or became disabled.

Very few business are in the business of losing money and if they are spending $ 7,000 - 12,000 on health insurance per employee and they are faced with the increased cost of health insurance they will raise your out of pocket or pay the fine and dump the coverage except for only key personnel.

For instance, if you have a meeting every morning with all of your key employees, but some of the employees can not be at the meeting because they're traveling, or visiting clients, include them through this technology.

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

In general, a plan qualifies if participation in the plan and benefits do not discriminate in favor of the employer's key employees.

It's important to note that if you're trying to insure an older or less healthy employee the cost of key man life insurance can be incredibly high.

And there is also the company wanting to protect itself with key person insurance if the company's star employee dies.

Your company can only deduct key man insurance premiums if they're considered to be part of the employee's taxable income, in which case the employee is typically the beneficiary.

For example, if you're a sole proprietor with no one else directly involved in your business's ongoing operations — such as lenders or employees — key man coverage would be unnecessary.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

In the worst - case scenario, of your company so dependent on an employee that it could potentially go out of business if they were to die, key man life insurance can also provide an alternative to declaring bankruptcy.

If the insured employee passes away, the key man policy's death benefit would be paid to the company free of income tax in most cases.