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A bonus clause is a clause in a contract that rewards the contractor for doing more than the letter of the contract; particularly, to finish the job early. It is in apposition to a penalty clause where the contractor loses by providing less than the letter of the contract, or providing it later than agreed.
In contract law, a non-compete clause (often NCC), restrictive covenant, or covenant not to compete (CNC), is a clause under which one party (usually an employee) agrees not to enter into or start a similar profession or trade in competition against another party (usually the employer).
Non-voided non-competes are also limited to a maximum post-employment length of 18 months, after which they become void. Additionally, employers must disclose the exact terms of non-compete agreements to prospective employees in writing before the prospective employees accept employment; failure to comply nullified the non-compete agreement.
As you gather your receipts and proof of income for Tax Day (April 18 in 2023) you may be forgetting one important detail: If you had any lottery or giveaway wins or non-cash bonuses from your...
A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December.Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country).
In call centers, a bonus–malus arrangement is a section in the contract between the company buying the call center services (buyer) and the company providing the call center services (call center) allowing for a payment to be made from one company to the other. As part of the contract, both companies agree on a set of Key Performance ...
Saints defensive coordinator Gregg Williams was accused of administrating a slush fund meant to reward players for injuring members of the opposition.. The NFL has long frowned upon "non-contract bonuses"; but an underground culture of "pay for play" systems is alleged to exist, with teams, it is claimed, turning a blind eye to the practice. [8]
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