Not exact matches
This includes over-estimating payments in
lieu of taxes ($ 381,000), rental payments ($ 305,000) and interest earnings ($ 426,000); as well as over-expending budget line items for health insurance ($ 944,000), accumulated sick
pay and
vacation pay ($ 750,000), and workers compensation ($ 415,000).
Employers operating in Ontario who «draw the circle» around employee rights and entitlements on termination should carefully review and ensure that their contractual termination clause complies with all aspects
of statutory minimum standards, and in particular: (a) notice or
pay in
lieu, (b) benefits continuation during the notice period, (c) severance
pay, if applicable, and (d) continued
vacation accrual during the termination notice period.
In accordance with the employment contract, the employer provided three weeks»
pay in
lieu of notice, outstanding
vacation and statutory holiday
pay, a discretionary bonus and benefits continuation for three weeks.
About 1,200 IQT employees were suddenly unemployed with no final paycheque,
vacation pay, termination
pay or
pay in
lieu of notice, severance
pay or benefit continuance.
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.
In consideration
of what is under this provision, the employee expressly waives any claim against the Employer, in the event
of termination
of employment, all other amounts whatsoever for damages, compensation in
lieu of notice or in any other capacity whatsoever by reason
of termination
of employment, except for wages,
vacation pay and other benefits earned and unpaid at the time
of termination.
Essentially, what this means is that for the purposes
of determining the amount
of pay in
lieu of notice and
vacation an employee is statutorily entitled to, they can rely on their prior years
of service with the seller.
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 offer.
SME's can provide job seekers with greater flexible in terms
of work hours, creative incentive programs and bonuses such as the ability to take
vacation in
lieu of overtime
pay.
Neither option is as fun as a trip to see the mouse, but the money you could save by using the mediation process in
lieu of litigation could certainly
pay for a nice
vacation to unwind when you are finished.