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  2. Pay in lieu of notice - Wikipedia

    en.wikipedia.org/wiki/Pay_in_lieu_of_notice

    If a notice period such as one month is required for an employer to terminate a contract, a 'payment in lieu of notice' is immediate compensation at an amount equal to that an employee would have earned as salary or wages by working through the whole notice period: for example, one month's salary.

  3. Income statement - Wikipedia

    en.wikipedia.org/wiki/Income_statement

    Sankey Diagram - Income Statement (by Adrián Chiogna) An income statement or profit and loss account [1] (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) [2] is one of the financial statements of a company and ...

  4. Notice period - Wikipedia

    en.wikipedia.org/wiki/Notice_period

    A contract may state a period of notice which either/any party is required to give to the other contractual parties. The contract between Winter Garden Theatre (London) Ltd. and Millennium Productions Ltd., which gave rise to a 1948 legal case, stated that Millennium would have to give a month's notice if it wished to terminate, but Winter Garden's obligations were not stated.

  5. Arrears - Wikipedia

    en.wikipedia.org/wiki/Arrears

    For example, a housing tenant who is obliged to pay rent at the end of each month is said to pay rent in arrear, while a tenant who has not paid rental due for 30 days is said to be one month in arrears. Precise usage may differ slightly (e.g. "in arrear" or "in arrears" for the same situation) in different countries.

  6. I told my boss that I plan to retire soon — now he’s ...

    www.aol.com/finance/told-boss-plan-retire-soon...

    Therefore, giving ample notice — say, six months’ worth — allows you to depart from your employer on excellent terms. Read more: Car insurance rates have spiked in the US to a stunning ...

  7. Income (United States legal definitions) - Wikipedia

    en.wikipedia.org/wiki/Income_(United_States...

    More commonly, this is reported on the income statement as "income (or loss) before taxes". Taxes are then subtracted from the pre-tax income to give a final net income or net profit (or net loss) figure. Net income or net profit which is not expended to shareholders in the form of dividends becomes part of retained earnings.