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In the United States, payment in lieu of taxes can arise in several ways: Land owned by the federal government is generally not subject to taxation by state or local governments. Under Public Law 94-565, enacted in 1976, the federal government began making payments in lieu of taxation to local governments affected by this reduction in their tax ...
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.
Payment for unused accrued PTO vacation time, holiday pay or sick leave unless the employee is picked up by the new buyer wherein all benefits become the responsibility of the new employer. COBRA insurance, or healthcare benefits through a certain period of time. A payment in lieu of a required notice period. Retirement accounts; Stock options
Division IX deals with lay-offs of 50 or more people wherein a 16-week notice must be given to the Minister of Human Resources and Skills Development and the Canada Employment Insurance Commission and a 2-week notice to individual employees. Division X deals with the termination of fewer than 50 people wherein 2 weeks' notice or 2 weeks' pay in ...
An employer who violates WARN provisions is liable to each employee for an amount equal to back pay and benefits for the period of the violation, up to 60 days. The liability may be reduced by the period of any notice that was given and any voluntary payments that the employer made to the employee, sometimes referred to as "pay in lieu of notice."
In Ontario, a person may be represented by an individual licensed by the Law Society of Ontario such as a lawyer or a paralegal. [7] There are other exemptions for unpaid representatives such as direct employees of the landlord or in the case of a tenant a friend or family member.
application to real estate brokers who act as mortgage brokers in Ontario [4] adding regulatory oversight to mortgage brokers who administer mortgages on behalf of third parties [4] exemptions to educational requirements during the transition period for some individuals [5] two-year licensing cycles [6] introducing criteria for surrendering a ...
Mechanic's liens on the title to real property are exclusively the result of legislation. Each state has its own laws regarding the creation and enforcement of these liens, but, overall, there are some similar elements among them. [8] Many States distinguish between the types of real property upon which a mechanics lien can be filed.