Sentences with phrase «upon termination»

It is not unusual for a dismissed employee to have forgotten that he or she signed an employment contract that limits their notice entitlement upon termination to the minimum standards of the ESA.

This type of contract is accompanied by a number of rights and obligations, most notably the right to reasonable notice upon termination.

Employers sometimes ask me — what is the maximum amount of notice we need to give long - standing employees upon termination?

The termination clause may also only provide the employee with specific types of compensation upon termination.

The contract should provide for conduct upon termination of the relationship including informing the superior of the status of the relationship.

We consider awards to have double - trigger vesting when they vest upon termination of employment following a change of control.

You'll get terminal bonus upon termination i.e. maturity of the policy.

It is illegal to provide an employee with less notice and severance than that required by the ESA, even if the parties have agreed that the employee will a lesser amount upon termination.

An employer may limit the damages it is required to pay a dismissed employee upon dismissal by inserting language into the employment contract that limits the employee's entitlement to damages upon termination.

It also makes note that company equipment must be returned upon termination or leaving the company.

Provided that the contract provides for a payment in respect of annual leave upon termination, zero hours workers are not disadvantaged.

Loans sometimes come with strings like immediate repayment upon termination so be careful and understand the risks.

They also include accidental occupational death benefits, conversion of life insurance upon termination and a waiver of insurance premiums for the disabled.

These contributions may be transferred to another retirement account upon termination to avoid being taxed on the return of contributions.

The timing also could not be worse because you will lose your group coverage as well if you did not convert it to an independent policy upon termination.

The main exception is if the employer has an established severance plan which binds them to offer a settlement upon termination of employment.

If drafted properly, employment agreements can go a long way towards mitigating potential employer liability upon termination.

This is because even without a contract, there is an implied right to reasonable treatment upon termination.

Upon termination parties need help whilst they make the transition to independence.

One of the most contentious aspects of the regulations has been the right of commercial agents to claim compensation in certain circumstances upon termination of the relationship.

These are the only structures of value that it is losing upon termination of the lease.

In all other circumstances, employers must provide reasonable notice to employees upon termination.

When determining as to whether the employee has a right to the bonus upon termination, the wording of the bonus policy or bonus provision in employment contracts must be analyzed carefully.

A severance agreement, also known as a separation agreement, is a contract between an employer and an employee establishing the terms on which the employee will leave upon termination.

Litigation privilege comes to an end upon the termination of the litigation that gave rise to the privilege.

Upon termination of membership, any miles earned up to that time and not used pursuant to these Terms and Conditions shall be declared null and void.

Employees are entitled to employment benefits under the Employment Standards Act, 2000, and may also be entitled to severance pay upon termination of employment.

The contract included a termination clause, which limited Ms. Wood's entitlements upon termination without cause to two (2) weeks» of pay per full or part year of service.

In June 2002, the employer sent the employee a new contract that reduced the employee's entitlement upon termination from two years» pay to three weeks» notice or pay in lieu of notice for each year of employment, to a maximum of thirty weeks.2 The employee refused to sign the new employment contract.

If the latter, what amount of notice were the Keenans entitled to receive upon termination of the relationship?

Damages payable upon termination of employment may include benefits during the reasonable notice period, including any bonuses and other incentives that would otherwise have fallen due during that period.

Also, the loan becomes immediately due upon termination of employment, even if the termination was involuntary (i.e. the employee was laid off or fired).

Your refund will be equal to the payments that you have made, less any previous refunds, and a fee of up to $ 50 per plan or 50 % of the amount paid to the board, whichever is less, may be assessed upon termination of the plan.

Reasonable notice of termination is a principle used where an employer has an obligation upon termination to either provide advanced, reasonable notice of termination or pay in lieu of notice under the legislation.