Defining a Few Terms Found in Employment Law

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Defining a Few Terms Found in Employment Law
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Getting Employment Law Right
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Law is applied to a considerable number of every
day aspects depending on the country or state one
is living in.
it is important to at least be familiar with all
of these laws, but there is a particular set of
laws that are crucial for employers and
employees.
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Definition of Some Employment Law Terms
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Executive Compensation
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? Executive compensation can come in several
forms like long-term incentive plans, cash
compensation, executive perks, option grants,
retirement packages, and deferred compensation.
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Employment agreements -
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In an employment agreement, one can find all the
rights and responsibilities of both the employer
and employee, with focus on the employees roles.
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Independent contractors
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Independent contractors do not have regular work
hours as an employee, and only work when the
company or employer requires the contractors
services.
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