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Deferred compensation is only available to employees of public entities, senior management, and other highly compensated employees of companies. Although DC is not restricted to public companies, there must be a serious risk that a key employee could leave for a competitor, and deferred comp is a "sweetener" to try to entice them to stay.
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
This leave is granted to regularize unexplained absence resulting into discontinuation of service or can be opted by an employee when he needs a break and takes time off from duty. Casual leave: This leave is not strictly a leave because the employee is considered to be on duty and responsible. Child care leave; Hospital leave
Flextime, also spelled flex-time or flexitime (), is a flexible hours schedule that allows workers to alter their workday and adjust their start and finish times. [1] In contrast to traditional [2] work arrangements that require employees to work a standard 9 a.m. to 5 p.m. day, Flextime typically involves a "core" period of the day during which employees are required to be at work (e.g ...
Every employer shall grant to an employee who has been in continuous employment with the same employer for: (a) a period of 1 to 6 years - annual leave on full pay at the rate of 1.25 working days per month for each year of employment; or (b) a period of 7 to 19 years - annual leave on full pay at the rate of 1.75 working days per month for ...
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Employees are always entitled to the vested accrued benefit earned to date. If an employee leaves the company before retirement, the benefits earned so far are frozen and held in a trust for the employee until retirement age or in some instances the employee is able to take away a lump sum value or transfer the value to another pension plan.
The organization governing the rules of professional soccer gave the go-ahead to begin experimenting with rules allowing referees to leave a team temporarily shorthanded.
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