| Employment Contract |
Article Index for Employment |
Website Links For Employment |
Information AboutEmployment Contract |
| CATEGORIES ABOUT EMPLOYMENT CONTRACT | |
| employment law | |
| employment | |
|
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, Holiday entitlement, required hours of work, and (especially in the US) Health Insurance benefits. Normally, such contracts provide for termination of employment, by either party, and include associated matters such as notice period, compensation arrangements and, sometimes, Garden Leave . 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. UK law holds that employment contracts have implied terms (assumed, unspoken, essential terms ), as well as explicit terms (typically those in writing). Legal precedent provides for example that there is an implied contractual term of trust and confidence, meaning that each party to the contract is expected to behave in a manner that allows the other to maintain trust and confidence in the other. The Contract of Employment is a legally binding Contract and a formal Document SEE ALSO
|
|
|