retirement- after normal age‚ they should increase benefits but not required Vesting Different plans that give u a certain amount of money for the time u have worked with them 1. 5 year cliff vesting – all or nothing get all in 5 years 2. Graded seven yr vesting 20% vested after 3yrs of service 40% vested after 4 yrs of service 60% vested after 5yrs of service 100% vested after 7 yrs of service 3. 100%vesting after 2yrsof service w/ a 2yr waiting period (instead of 1 yr) Employee
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Topic: Explain the major components of the legal system. Question: Which of the following is a distinguishing feature of a common law legal system? Answer Rationale: Although in the U.S. legal system guilt must be proven beyond a reasonable doubt in criminal matters and there is an appeal process‚ neither of these qualities is integral to a common law legal system. The opposite of a common law legal system is a legal system where the sole source of law is a comprehensive civil code
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cost of the plan makes it very desirable. No employer contributions are necessary because the plan can be entirely funded with contributions from your employees’ salaries. Companies do not have to offer any vesting options‚ unless they want to. If they believe that the employee does not find vesting to be that important‚ then the employer can just basically set up the plan for their workers and that alone gives the employee a since of convenience. Many employers’ set up 401(k) plans because they are
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there was no bill of rights and there was too much power in the national Constitution and not the States. On the other hand‚ Federalist believed in a more centralized national government. Federalist propose the separation of powers‚ which the act of vesting the legislative‚ executive‚ and judicial powers of government in separate bodies. While the Federalist were in favor of ratifying the Constitution because they wanted a strong central
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only 25% of the company equity‚ and Milmo and Curtis each received 37.5% of the equity‚ with Milmo’s vesting immediately and the others vesting over two years. At first glance‚ Milmo’s decision would be reasonable and pertinent. However‚ I think he should not have insisted the right to immediately vest. Even though he got the right‚ it was not likely for him to leave Lynx before the 2 year vesting period. His assertion is likely only to provide distrust to his partners and potential investors. In
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1. Which Act sets the minimum wage ‚ and what is the current wage rate? The Fair Labor Standards Act sets the minimum wage.The current minimum wage is $7.25/h. 2. Under the FLSA‚ what information concerning the employee’s wages earned must be maintained by the employer? 1. Day and time of day when work-week begins. 2. Regular hourly rate of pay. 3. Basis of wage payments 4. Hours worked each day 5. Hours worked each week. 6. Daily or weekly straight -time pay. 7. Amount & nature
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The Board of Directors at Staples is comprised of eleven members. “The eleven nominees include two directors who joined the Board within the last two years‚ four nominees that joined the Board within the last seven years and five nominees that have served on our Board at least 15 years” (Staples‚ Annual Report‚ 16). The eleven members are listed below. Next his or her name is how long they have been on the board. Under each name is a short biography of the member along with valuable contributions
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700 Anderson Hill Road Purchase‚ New York 10577-1444 March 23‚ 2012 Dear Fellow PepsiCo Shareholders: We are pleased to invite you to attend our 2012 Annual Meeting of Shareholders‚ which will be held on Wednesday‚ May 2‚ 2012 at 9:00 a.m. Eastern Daylight Time at the North Carolina History Center at Tryon Palace‚ 529 South Front Street‚ New Bern‚ North Carolina 28562. New Bern‚ North Carolina is the “birthplace” of PepsiCo‚ and we are pleased to be returning to this historic place for our 2012 Annual
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SERVICE TRIANGLE FOR INSURANCE SECTOR NTERNAL EXTERNAL MARKETING MARKETING “Enabling Promises” “Making Promises” PROVIDERS CUSTOMERS INTERACTIVE MARKETING “Keeping Promises” Services Marketing can be explained with the help of the Service Industry Triangle. There are three entities in the whole transaction process. They are explained as below: CUSTOMERS Customers refer to the persons who have certain needs‚ wants and desires. For the Insurance sector‚ the customers refer to
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Sally Jameson: Valuing Stock Options in a Compensation Package By Group 10 1. If we ignore tax consideration and assume that Sally Jameson is free to sell her options at any time after she joins Telstar‚ which compensation package is worth more? First scenario‚ if Sally chooses stock options and hold until maturity date. Ignoring the taxation and other constraints‚ the future value of cash compensation at the end of the 5th year will be 5000 * (1 + 0.0602) ^ 5 = 6697.44. We can easily form the
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