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TERMS AND CONDITIONS OF EMPLOYMENT The central focus of most employment contracts is Money . The employee may be compensated through Wage s, a Salary , or by Commission . In addition to monetary compensation, the employment contract often specifies a Fringe Benefit package, including a Retirement Plan , Employee Stock Option s, the termination or resignation notice period, Holiday entitlement, required hours of work, and (especially in the US) Health Insurance benefits. Some employers also use Non-disclosure and Non-compete Clause s to protect their Trade Secret s from being dispersed when employees leave. Depending on where you live, the laws regarding enforcability of these clauses vary widely. SEE ALSO |
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