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  2. Automatic renewal clause - Wikipedia

    en.wikipedia.org/wiki/Automatic_Renewal_Clause

    An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...

  3. Pay in lieu of notice - Wikipedia

    en.wikipedia.org/wiki/Pay_in_lieu_of_notice

    [1] 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.

  4. Severance package - Wikipedia

    en.wikipedia.org/wiki/Severance_package

    The amount of compensation is normally equal to one third of one month's taxable compensation per year of employment, which includes a prorated amount equal to all the bonuses paid out in the preceding three years. This sum cannot exceed the greater of €94000 or one year's gross salary. This payment is subject to normal income taxes.

  5. Annual leave - Wikipedia

    en.wikipedia.org/wiki/Annual_leave

    Annual leave, also known as statutory leave, is a period of paid time off work granted by employers to employees to be used for whatever the employee wishes. Depending on the employer's policies, differing number of days may be offered, and the employee may be required to give a certain amount of advance notice, may have to coordinate with the employer to be sure that staffing is available ...

  6. Leave of absence - Wikipedia

    en.wikipedia.org/wiki/Leave_of_absence

    Earned leave: Leave of absence which is earned by the employee by dint of period of duty in service but usually credited in advance to the leave account in two installments per year at a rate 2.5 days per month (30 days per year) .

  7. Notice period - Wikipedia

    en.wikipedia.org/wiki/Notice_period

    The notice period depends on the employee’s length of service within the company as follows: 7 days during the trial period; 1 month if employed below 1 year; 2 months if employed below 10 years; 3 months if employed more than 10 years; The default trial period is the first month of employment, but may be extended up to three months.

  8. Lease - Wikipedia

    en.wikipedia.org/wiki/Lease

    In other words, if a month-to-month tenancy began on the 15th of the month, in a jurisdiction with a last day requirement the termination could not be effective on the 20th of the following month, even though this would give the tenant more than the required one month's notice.

  9. Texas Fund Trapping Notice - Wikipedia

    en.wikipedia.org/wiki/Texas_Fund_Trapping_Notice

    [1] There are two types of Texas notices that fall into the category of Fund Trapping Notices: the Two Month Notice and the Three Month Notice. Parties contracted with the owner are not required to send any notices. Those contracted with the general contractor, must send the Three Month Notice.

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