Because the company was a startup with limited funds, Lowenthal alleges, he accepted stock
in lieu of salary.
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.
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.
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.
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.
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».
During his trial he claimed he had taken advice suggesting he take the payments «
in lieu of a salary».
Lulus, once shorthand for payment
in lieu of salary, now refer to prized bonuses attached to leadership duties or top committee posts.
«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.
I'm also delighted to see some recent share purchases by the directors, including a receipt of shares
in lieu of salaries / fees.
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 increas
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 increas
in 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 salar
In effect where high bonus payments were made, they were made as a reward
in lieu of any increase in base salar
in lieu of any increase
in base salar
in 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 amende
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 amende
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 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 offe
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 offe
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 offe
in 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.