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If the monthly salary of an employee is higher than 3 times local average monthly salary where the employer is located, the rate for the severance payment to be paid shall be 3 times local average monthly salary and shall be for no more than 12 years.
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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
The separation agreement was obtained by lohud via a Freedom of Information Act request. ... Ruiz-Giovinazzi's base pay for July 1, 2024 through June 30, 2025, or the 2024-2025 academic year, is ...
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.
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Stop-loss was created by the United States Congress after the Vietnam War. Its use is founded on Title 10, United States Code, Section 12305(a) which states in part: "... the President may suspend any provision of law relating to promotion, retirement, or separation applicable to any member of the armed forces who the President determines is essential to the national security of the United ...
The average total of non-farm seasonally adjusted monthly turnover was 3.3% for the period from December 2000 to November 2008. [ 31 ] [ non sequitur ] High turnover often means that employees are dissatisfied with their jobs, especially when it is relatively easy to find a new one. [ 32 ]
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