This legal concept allows parties to an employment contract to stipulate severance terms that would provide either more or less severance

This legal concept allows parties to an employment contract to stipulate severance terms that would provide either more or less severance than a court would award if called upon to do so in the absence of such a stipulation. What is ____________________________________?

Solutions

Expert Solution

Severance package . This is included in the employment contract which gives the employees the right to demand compensation for severance. Severance package may include some extra perks and benefits or some percentage of the employee's last year salary.

Hence, the Severance package is the legal concept that lows parties to an employment contract to stipulate severance terms that would provide either more or less severance than a court would award if called upon to do so in the absence of such a stipulation.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

An employment contract is a reciprocal contract, where both parties to the contract of employment owe duties towards one another.

(a) An employment contract is a reciprocal contract, where both parties to the contract of employment owe duties towards one another. Outline the responsibilities of the employer in this contract. (6 × 2 = 12)(b) Identify two grounds for dismissal recognised by law. (2)(c) Briefly explain the following:i. delivery brevi manuii. symbolic delivery (2 × 3 = 6)

question 1 Incompetent parties to a contract are denied the opportunity to benefit from their legal...

question 1 Incompetent parties to a contract are denied the opportunity to benefit from their legal rights. True False 6.667 points Question 2 A ________ is a person of legal age and at least normal mentality who is considered by law to be capable of understanding the meaning of a contract and is permitted to enter into a valid contract. A) incorporator B) competent party C) valid participant D) contractor 6.667 points Question 3 A person must be competent in...

a) Set out the two Parties involved in a contract of employment. (2 Marks) b) What...

a) Set out the two Parties involved in a contract of employment. b) What functions would a notary public effect in a contract of sale? (1 Mark) c) Setting out examples, identify the differences between duress and undue influence. d)Set out two instances which would qualify to be misrepresentation in a contract.

If, before either party to a contract has a duty to perform,one of the parties refuses...

If, before either party to a contract has a duty to perform,one of the parties refuses to perform a.the non-breaching party must remain ready to perform for a reasonable time. b.the non-breaching party must perform to the extent commercially reasonable. c.both parties are excused from performing the contract. d.the refusal to perform can be treated as a present breach of contract and damages can be immediately sued for by the non-breaching pa When time is stated to be “of the...

7. Describe by legal name all parties to a contract assignment. May all rights be assigned?...

7. Describe by legal name all parties to a contract assignment. May all rights be assigned? Are anti-assignment clauses in a contract allowed to prevent assignments?

a) In a collection of 900 coins, one is counterfeit and weighs either more or less...

a) In a collection of 900 coins, one is counterfeit and weighs either more or less than the genuine coins. Find a good lower bound on the number of balance scale weighings needed to identify the fake coin and determine whether it is too heavy or too light. Assume the balance scale has three states: tilted left, tilted right, or balanced. b)In a collection of 10 coins, 2 coins are counterfeit and weigh less than the genuine coins. Find a...

What legal considerations exist with respect to trade regulations, international contract formation, employment and human rights...

What legal considerations exist with respect to trade regulations, international contract formation, employment and human rights issues, and prohibited activities in the international environment? Give at least three specific examples.

Genuine assent-how to create-it or destroy it. Review what comes under this legal/contract concept.

In terms of paying less in? interest, which is more economical for a ?$80,000 ?mortgage: a?...

In terms of paying less in? interest, which is more economical for a ?$80,000 ?mortgage: a? 30-year fixed-rate at 7?% or a? 15-year fixed-rate at 6.5?%? How much is saved in? interest? Determine which loan is more economical. Choose the correct answer below. A. The? 30-year 7?% loan is more economical. B. The? 15-year 6.5?% loan is more economical.

Price discrimination is simply identifying groups or individual consumers that will either pay more or less...

Price discrimination is simply identifying groups or individual consumers that will either pay more or less for the same product based on differences in demand. However, sellers should only use this tactic when selling products that have low marginal costs or less elastic in demand since these products have the largest gap between price and marginal cost (Froeb, McCann, Shor, Ward, & Micheal, 2014). Using direct price discrimination is only beneficial to sellers that can classify groups of consumers and...

Subjects