Common use of Employer’s Termination Clause in Contracts

Employer’s Termination. If the Employee is entitled to a severance package when the Employer terminates this agreement, report how long the severance period is on the second blank line in this item. If the terms of this employment are to stay in place for a predetermined amount of time, then you must choose the second choice “For A Specified Time-Period.” Setting this onto the employment arrangement will mean you must produce a start date of employment and an end date. Furnish the start date as a calendar day, month, and two-digit year across the first three blank spaces of this statement then document the end date as the last calendar day, month, and two-digit year of employment using the last three blank lines. Some questions will accompany arrangements expected to bind two parties for a certain amount of time. The next two items will clear up some basic issues regarding termination. Begin by marking the first checkbox in “A.) Employee’s Termination” to indicate the Employee will have the right to terminate this agreement prematurely or by marking the second checkbox of this same item to prevent the Employee from having the right to terminate the employment here. If the Employee does have this right, then document how many days’ notice must be given to the Employer of the termination on the first blank line and the length of time from the termination where the Employee will receive severance pay. In “B.) Employer’s Termination,” we will need to choose between one of two checkboxes to indicate if the Employer has the right to cancel this agreement during the concerned employment. If so, then xxxx the checkbox labeled “Shall.” If not, select the checkbox labeled “Shall Not.” Keep in mind that if the Employer shall retain this right, then you must record how many days’ notice this entity must give the Employee before terminating this agreement on the first blank line and how long after the date of termination the Employee will receive severance pay on the second blank line. 4 – Discuss Employee Pay And Benefits The fourth article will seek to define how much the Employer will pay the Employee to fulfill his or her duties. Find the article labeled “IV. Pay.” Use the first two blank lines to document how much money the Employer will pay the Employee (report this figure written out as words on the first line and numerically on the second one). In addition to reporting this figure, you must define whether this amount is an hourly rate or an annual salary. Xxxx the checkbox labeled “Per Hour” if the sum you reported will be paid to the Employee every hour or the “Salary On An Annual Basis” if the figure you entered is the total amount the Employee will receive every year regardless of how many hours he or she works. We must also record how often the Employee will receive compensation. Five options are available. Simply xxxx the checkbox labeled “Weekly,” “Bi-Weekly,” “Monthly,” “Quarterly,” or “Annual” to solidify how often the Employee will be given a paycheck. There will be some additional areas available to cover the Employee’s compensation, however, these items only need to be filled out if they apply to the current arrangement. If the Employee will receive a commission, then record how often he or she will receive a commission on the first blank line in the item titled “A.)

Appears in 9 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement

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Employer’s Termination. If the Employee is entitled to a severance package when the Employer terminates this agreement, report how long the severance period is on the second blank line in this item. If the terms of this employment are to stay in place for a predetermined amount of time, then you must choose the second choice “For A Specified Time-Period.” Setting this onto the employment arrangement will mean you must produce a start date of employment and an end date. Furnish the start date as a calendar day, month, and two-digit year across the first three blank spaces of this statement then document the end date as the last calendar day, month, and two-digit year of employment using the last three blank lines. Some questions will accompany arrangements expected to bind two parties for a certain amount of time. The next two items will clear up some basic issues regarding termination. Begin by marking the first checkbox in “A.) Employee’s Termination” to indicate the Employee will have the right to terminate this agreement prematurely or by marking the second checkbox of this same item to prevent the Employee from having the right to terminate the employment here. If the Employee does have this right, then document how many days’ notice must be given to the Employer of the termination on the first blank line and the length of time from the termination where the Employee will receive severance pay. In “B.) Employer’s Termination,” we will need to choose between one of two checkboxes to indicate if the Employer has the right to cancel this agreement during the concerned employment. If so, then xxxx the checkbox labeled “Shall.” If not, select the checkbox labeled “Shall Not.” Keep in mind that if the Employer shall retain this right, then you must record how many days’ notice this entity must give the Employee before terminating this agreement on the first blank line and how long after the date of termination the Employee will receive severance pay on the second blank line. 4 – Discuss Employee Pay And Benefits The fourth article will seek to define how much the Employer will pay the Employee to fulfill his or her duties. Find the article labeled “IV. Pay.” Use the first two blank lines to document how much money the Employer will pay the Employee (report this figure written out as words on the first line and numerically on the second one). In addition to reporting this figure, you must define whether this amount is an hourly rate or an annual salary. Xxxx the checkbox labeled “Per Hour” if the sum you reported will be paid to the Employee every hour or the “Salary On An Annual Basis” if the figure you entered is the total amount the Employee will receive every year regardless of how many hours he or she works. We must also record how often the Employee will receive compensation. Five options are available. Simply xxxx the checkbox labeled “Weekly,” “Bi-Weekly,” “Monthly,” “Quarterly,” or “Annual” to solidify how often the Employee will be given a paycheck. There will be some additional areas available to cover the Employee’s compensation, however, these items only need to be filled out if they apply to the current arrangement. If the Employee will receive a commission, then record how often he or she will receive a commission on the first blank line in the item titled “A.).

Appears in 2 contracts

Samples: Employment Agreement, Compensation Agreement

Employer’s Termination. If the Employee employee is entitled to a severance package when the Employer employer terminates this agreement, report how long the severance closing period is on the second blank empty line in of this item. If the terms of this employment are to stay be in place for a predetermined amount period of time, then you must choose select the second choice “option For A Specified Time-Period.” Setting a specific period of time. If you put this onto on the employment arrangement will mean hiring arrangement, you must produce provide a start date of employment and an end date. Furnish Give the start date as a calendar day, month, and two-digit year across in the first three blank spaces of this statement statement, and then document the end date as the last calendar day, month, and two-digit year of employment using the last three blank empty lines. Some questions will accompany arrangements follow schemes that are expected to bind two parties for a certain amount period of time. The next two items elements will clear up solve some basic fundamental issues regarding termination. Begin Start by marking selecting the first checkbox check box in A.) Employee’s Termination” 's termination to indicate that the Employee employee will have the right to terminate this agreement prematurely or by marking the second checkbox of this check box for the same item to prevent the Employee employee from having the right to terminate the employment here. If the Employee does have employee has this right, then you must document how many days' notice must be given to the Employer of employer regarding the termination on the first blank empty line and the length amount of time from the termination where in which the Employee employee will receive the severance pay. In B.) Employer’s Termination,” 's termination, we will need to must choose between one of two checkboxes check boxes to indicate if whether the Employer has the right to cancel terminate this agreement during the concerned employmentemployment in question. If so, then xxxx the checkbox labeled “Shall.” If notIn this situation, select the checkbox labeled “Shall Not.” Should check box. Otherwise, select the Should not check box. Keep in mind that if the Employer shall is to retain this right, then you must record how many register the number of days' notice this entity must give the Employee employee before terminating this agreement on the first blank line empty line, and how long after the termination date of termination the Employee employee will receive severance pay the final bet on the second blank empty line. 4 – Discuss Employee Pay And Benefits salary and benefits The fourth article will seek to define how much the Employer will pay the Employee employee to fulfill fulfil his or her duties. Find the article labeled “tagged IV. Pay.” . Use the first two blank empty lines to document how much money the Employer employer will pay the Employee employee (report this figure written out number printed as words on the first line and numerically numerical on the second onesecond). In addition to reporting this figurenumber, you must define whether this amount is an hourly rate or an annual salary. Xxxx Select the checkbox labeled “Per Hour” hour check box if the sum you reported will be paid to the Employee employee every hour or the “Salary On An Annual Basis” salary on an annual basis if the figure number you entered specified is the total amount the Employee employee will receive every year each year, regardless of how many hours he or she works. We must also need to record how often the Employee employee will receive compensation. Five options are available. Simply xxxx Just check the checkbox box labeled Weekly,” “, Bi-Weekly,” “, Monthly,” “, Quarterly,” , or “Annual” Annual to solidify how often the Employee employee will be given a paycheck. There will be some additional areas available to cover the Employee’s employee's compensation, however, but these items only need to be filled out in if they apply to the current arrangement. If the Employee will employee wants to receive a commission, then record how often he or she will receive a commission on the first blank empty line in of the item titled A.) Commissions. You must also document the exact method used to calculate each commission payment to the employee by using the second set of blank lines. If the employer intends to give a bonus, find the next item (B.) bonus) and record how the frequency of bonuses to be paid to the employee (e.g. quarterly). Also be sure to define how the bonuses are calculated by describing the calculation on the second set of blank lines. If the employer intends to allow the employee the opportunity to participate and use the benefits defined by the employer, you will find the empty lines in V.

Appears in 1 contract

Samples: Contractor Employee Agreement

Employer’s Termination. If the Employee is entitled to a severance package when the Employer terminates this agreement, report how long the severance period is on the second blank line in this item. If the terms of this employment are to stay in place for a predetermined amount of time, then you must choose the second choice “For A Specified Time-Period.” Setting this onto the employment arrangement will mean you must produce a start date of employment and an end date. Furnish the start date as a calendar day, month, and two-digit year across the first three blank spaces of this statement then document the end date as the last calendar day, month, and two-digit year of employment using the last three blank lines. Some questions will accompany arrangements expected to bind two parties for a certain amount of time. The next two items will clear up some basic issues regarding termination. Begin by marking the first checkbox in “A.) Employee’s Termination” to indicate the Employee will have the right to terminate this agreement prematurely or by marking the second checkbox of this same item to prevent the Employee from having the right to terminate the employment here. If the Employee does have this right, then document how many days’ notice must be given to the Employer of the termination on the first blank line and the length of time from the termination where the Employee will receive severance pay. In “B.) Employer’s Termination,” we will need to choose between one of two checkboxes to indicate if the Employer has the right to cancel this agreement during the concerned employment. If so, then xxxx mark the checkbox labeled “Shall.” If not, select the checkbox labeled “Shall Not.” Keep in mind that if the Employer shall retain this right, then you must record how many days’ notice this entity must give the Employee before terminating this agreement on the first blank line and how long after the date of termination the Employee will receive severance pay on the second blank line. 4 – Discuss Employee Pay And Benefits The fourth article will seek to define how much the Employer will pay the Employee to fulfill his or her duties. Find the article labeled “IV. Pay.” Use the first two blank lines to document how much money the Employer will pay the Employee (report this figure written out as words on the first line and numerically on the second one). In addition to reporting this figure, you must define whether this amount is an hourly rate or an annual salary. Xxxx Mark the checkbox labeled “Per Hour” if the sum you reported will be paid to the Employee every hour or the “Salary On An Annual Basis” if the figure you entered is the total amount the Employee will receive every year regardless of how many hours he or she works. We must also record how often the Employee will receive compensation. Five options are available. Simply xxxx the checkbox labeled “Weekly,” “Bi-Weekly,” “Monthly,” “Quarterly,” or “Annual” to solidify how often the Employee will be given a paycheck. There will be some additional areas available to cover the Employee’s compensation, however, these items only need to be filled out if they apply to the current arrangement. If the Employee will receive a commission, then record how often he or she will receive a commission on the first blank line in the item titled “A.)year

Appears in 1 contract

Samples: Employment Agreement

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Employer’s Termination. If the Employee is entitled to a severance package when the Employer terminates this agreement, report how long the severance period is on the second blank line in this item. If the terms of this employment are to stay in place for a predetermined amount of time, then you must choose the second choice “For A Specified Time-Period.” Setting this onto the employment arrangement will mean you must produce a start date of employment and an end date. Furnish the start date as a calendar day, month, and two-digit year across the first three blank spaces of this statement then document the end date as the last calendar day, month, and two-digit year of employment using the last three blank lines. Some questions will accompany arrangements expected to bind two parties for a certain amount of time. The next two items will clear up some basic issues regarding termination. Begin by marking the first checkbox in “A.) Employee’s Termination” to indicate the Employee will have the right to terminate this agreement prematurely or by marking the second checkbox of this same item to prevent the Employee from having the right to terminate the employment here. If the Employee does have this right, then document how many days’ notice must be given to the Employer of the termination on the first blank line and the length of time from the termination where the Employee will receive severance pay. In “B.) Employer’s Termination,” we will need to choose between one of two checkboxes to indicate if the Employer has the right to cancel this agreement during the concerned employment. If so, then xxxx mark the checkbox labeled “Shall.” If not, select the checkbox labeled “Shall Not.” Keep in mind that if the Employer shall retain this right, then you must record how many days’ notice this entity must give the Employee before terminating this agreement on the first blank line and how long after the date of termination the Employee will receive severance pay on the second blank line. 4 – Discuss Employee Pay And Benefits The fourth article will seek to define how much the Employer will pay the Employee to fulfill his or her duties. Find the article labeled “IV. Pay.” Use the first two blank lines to document how much money the Employer will pay the Employee (report this figure written out as words on the first line and numerically on the second one). In addition to reporting this figure, you must define whether this amount is an hourly rate or an annual salary. Xxxx Mark the checkbox labeled “Per Hour” if the sum you reported will be paid to the Employee every hour or the “Salary On An Annual Basis” if the figure you entered is the total amount the Employee will receive every year regardless of how many hours he or she works. We must also record how often the Employee will receive compensation. Five options are available. Simply xxxx mark the checkbox labeled “Weekly,” “Bi-Weekly,” “Monthly,” “Quarterly,” or “Annual” to solidify how often the Employee will be given a paycheck. There will be some additional areas available to cover the Employee’s compensation, however, these items only need to be filled out if they apply to the current arrangement. If the Employee will receive a commission, then record how often he or she will receive a commission on the first blank line in the item titled “A.)

Appears in 1 contract

Samples: Service Contract

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