Sentences with phrase «termination provision addressing»
From an employer's perspective, a properly worded termination provision addressing what is to be paid to the employee in the event of a termination without cause can result in a very significant saving.
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Until fairly recently, these principles have been interpreted as requiring termination provisions that specifically oust the common law right to reasonable notice, provide employees with continued benefits, and address entitlements to severance pay.
This is not the first case which has voided a termination provision from an employment contract because of a failure to address benefits.
Where the termination provisions of existing employment contracts do not explicitly provide an entitlement to benefits during the notice period, employers should seek legal advice on how to best address such circumstances.
The Services Agreement listed the provisions that would survive termination, but did not specifically address whether the arbitration clause survived termination.