Protect yourself from compensation claims of former employees.

Position:EMPLOYMENT - Brief article

If you're like most business owners, you prefer to minimize what you pay to departing employees, whether the departure is your doing or theirs. Of course, if an employee is salaried or paid by the hour, you have to pay at least for the time he or she actually worked. State law stipulates how quickly you must pay. Some say the next day. Many stipulate the next normal payroll date for your company.

When employee compensation includes bonuses, commissions or other contingent amounts, post-employment compensation gets a little more complicated. To minimize the risk that an employee could win a claim for post-departure contingent compensation, be sure all your employment- and compensation-related agreements and policies clearly stipulate that no...

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