Sentences with phrase «in lieu of salaries»

I'm also delighted to see some recent share purchases by the directors, including a receipt of shares in lieu of salaries / fees.

«Even people buying the stock at this price think this is a great opportunity,» says Heather Beach, Siebel's director of sales operations, who started out as the company's office manager and loaded up on options largely in lieu of salary in the company's early days.

Lulus, once shorthand for payment in lieu of salary, now refer to prized bonuses attached to leadership duties or top committee posts.

During his trial he claimed he had taken advice suggesting he take the payments «in lieu of a salary».

The first claim was for # 1,555.70, the second for # 2,042.80, the third was # 1,600.70, the fourth # 2,309.50, the fifth # 2,421.80, and the final claim was for # 1,347.30... Throughout the trial, Lord Taylor maintained he was following the advice given to him by fellow peers, that nominating a main residence outside of the capital was a way to earn money «in lieu of salary».

Espada and Diaz will both get $ 12,500 lu - lus (payments in lieu of salary) in addition to their $ 79,500 salaries for heading their committees.

In these essays he urges us not to neglect our duty to the young and to be kind to the Russians, some of whose established scientists, I understand, have not been paid for months: one, it was reported, was recently given a tea set in lieu of a salary — the value to be deducted from his next pay cheque.

For the original films, the studio balked at the idea of having three then - unestablished stars in the lead roles, so Phillips took a pay cut and negotiated a percentage of the film's gross in lieu of a salary, in addition to a lower budget of $ 35 million.

Now it's time to «draw down» and begin tapping your assets to provide the income you need, in lieu of the salary that's no longer available.

Because the company was a startup with limited funds, Lowenthal alleges, he accepted stock in lieu of salary.

Not exact matches

If you're a young startup without extensive funding, one of the bargaining chips in your back pocket is offering equity in lieu of a higher salary or better benefits.

He gave Robert Hortman and John McMinamin, two young guns with vital industry contacts, a 20 % stake each in Pyramid (which warehouses and processes paper in Hot Springs, Ark.) in lieu of commissions or big salaries.

We've all heard of the early Facebook staffers who became billionaires because they agreed to take stock options in lieu of a bigger salary.

Speaking further, the commissioner explained that the retired staff would be paid their November salary including three months» salary in lieu of notice, while their pension would be worked out by their pension administrators.

He wants damages for not going on leave for 23 years and loss of gross salary at GHC3, 574.50 per month, multiplied by three months in lieu of notice.

In the ERPaid plan, the employer pays the entire contribution to the retirement system, with teachers contributing through a salary reduction or in lieu of a pay increasIn the ERPaid plan, the employer pays the entire contribution to the retirement system, with teachers contributing through a salary reduction or in lieu of a pay increasin lieu of a pay increase.

Paying generous salary and benefits in lieu of reasonable notice may be a wiser employer strategy.

The trial judge awarded the plaintiff damages in lieu of notice equivalent to four months» salary and benefits.

This notice may be provided as working notice, by salary continuance in life of notice, or as a lump sum payment in lieu of notice.

Elgert was awarded 24 months» salary in lieu of notice as well as damages in the amounts of $ 60,000 for defamation, $ 200,000 in aggravated damages and $ 300,000 in punitive damages.

On June 28, 2012, his employment with the company was terminated and the company paid him two weeks salary in lieu of notice — $ 11,115.44, severance pay in the amount of $ 5,307.72 and outstanding vacation pay of $ 20,324.92.

Specifically, I do not believe that either party thought of the plaintiff's employment could be terminated after approximately three years of service upon payment of two weeks» salary in lieu of notice plus severance pay in the approximate amount of $ 5,000....

In effect where high bonus payments were made, they were made as a reward in lieu of any increase in base salarIn effect where high bonus payments were made, they were made as a reward in lieu of any increase in base salarin lieu of any increase in base salarin base salary.

After affirming the trial judge's decision that Mr. Allen was actually terminated on October 14, 2009, the Court of Appeal for British Columbia cited with approval the decision of Bowes v. Goss Power Products Ltd., 2012 ONCA 425, (canvassed by this blog in the post Fix the Duty to Mitigate) in which the Court of Appeal for Ontario held that if an employment contract provides for a fixed severance package there is no duty on the employee to mitigate his damages, and held that as Mr. Allen's employment agreement did not impose a duty to mitigate, the trial judge properly found he was therefore entitled to the balance owing for 15 months» salary and benefits in lieu of notice as damages for breach of contract.

AIMCo's action made it impossible for the Plaintiff Styles to meet the LTIP eligibility condition that «participants [in the LTIP] must be actively employed by AIMCo, without regard to whether the Participant is receiving, or will receive, any compensatory payments or salary in lieu of notice or termination on the date of payout, in order to be eligible to receive any payment.»

In lieu of reasonable notice, the plaintiff was offered a lump sum payment totalling the equivalent of four weeks» base salary, which amounted to $ 14,230.97.

A termination letter offered him 30 weeks of his base salary (approximately 7 months), with no consideration of bonus, in lieu of notice.

... [A] ny termination of a participant's employment for any reason shall occur on the date Participant ceases to perform services for Micro or any Affiliate without regard to whether Participant continues thereafter to receive any compensatory payments there from or is paid salary thereby in lieu of notice of termination [emphasis added]

without regard to whether Participant continues thereafter to receive any compensatory payments there from or is paid salary thereby in lieu of notice of termination

[A] ny termination of a participant's employment for any reason shall occur on the date Participant ceases to perform services for Micro or any Affiliate without regard to whether Participant continues thereafter to receive any compensatory payments there from or is paid salary thereby in lieu of notice of termination

The Small Claims Court Trial Judge found in favour of Mr. Nagribanko and awarded the equivalent of four months of salary and benefits in lieu of notice.

The fact that the court may sometimes require an employee to receive his pay in lieu of notice as a continuation of salary, as happened in the Markoulakis case, highlights an important takeaway for employees.

The termination clause referenced salary in lieu of notice, without any mention of benefits being paid, should notice not be provided.

In the event the [sic] termination of employment, except where such termination is for just cause, the company will provide you with notice (or salary in lieu thereof), and severance pay [if applicable] pursuant to its obligations as an employer and successor employer to NexInnovations Inc. under Employment Standards legislation, as amendeIn the event the [sic] termination of employment, except where such termination is for just cause, the company will provide you with notice (or salary in lieu thereof), and severance pay [if applicable] pursuant to its obligations as an employer and successor employer to NexInnovations Inc. under Employment Standards legislation, as amendein lieu thereof), and severance pay [if applicable] pursuant to its obligations as an employer and successor employer to NexInnovations Inc. under Employment Standards legislation, as amended.

The BCSC awarded him 15 months salary as damages in lieu of notice; however, the Court declined to award damages in respect of the unpaid bonuses.

With respect to entitlement on termination of employment, the employment contract provided as follows for a without - cause termination: Regular employees may be terminated at any time without cause upon being given the minimum period of notice prescribed by applicable legislation, or by being paid salary in lieu of such notice of as may otherwise be required by applicable legislation.

The salary for the law clerk position is the same as the salary of articling students with the Ministry and includes a payment in lieu of benefits.

He was provided with a termination letter, dated Jan. 26, 2011, which set out that, under the terms of his employment agreement, he was entitled to two weeks of salary and car allowance in lieu of notice.

Given that it has always been my understanding that the purpose of «wrongful dismissal» damages is to provide the dismissed employee with the salary he would have otherwise earned had the employee been dismissed on proper (working) notice, and not to punish for the «wrongful» act, I fail to see why compensation paid in lieu of such wages should be treated differently.

He was given two weeks» salary in lieu of notice totaling $ 11,115.44, severance pay in the amount of $ 5,307.72 and outstanding vacation pay of $ 20,324.92.

In addition to increased salaries, respondents of the survey indicate that increased benefits will weigh heavily in the retention and attraction of skilled staff and list career growth, vacation, time off in lieu, extended health benefits and paid overtime as the most valued benefits on offeIn addition to increased salaries, respondents of the survey indicate that increased benefits will weigh heavily in the retention and attraction of skilled staff and list career growth, vacation, time off in lieu, extended health benefits and paid overtime as the most valued benefits on offein the retention and attraction of skilled staff and list career growth, vacation, time off in lieu, extended health benefits and paid overtime as the most valued benefits on offein lieu, extended health benefits and paid overtime as the most valued benefits on offer.

REM readers will remember that I have been advocating herein for a base - salary - plus - bonus method of paying Realtors in lieu of the long - standing pure - commission method.