Employment and Wages Clause Samples
The Employment and Wages clause defines the terms under which employees are hired and compensated. It typically outlines the job roles, working hours, wage rates, payment schedules, and any applicable benefits or deductions. By clearly specifying these employment conditions, the clause ensures both parties understand their obligations and helps prevent disputes over pay or work expectations.
Employment and Wages. 2.1.1 Employment
Employment and Wages. Pinnacle submitted a comprehensive and independent Economic Impact Study prepared by Spectrum Gaming to quantify the economics, visitors, tax revenues, employment and wages that will be produced by the project. Pinnacle was pleased that the report confirms many of Pinnacle’s assumptions and data regarding the facility. Yet given the independent nature of the report it relied primarily on comparative national gaming statistics and local economic data to reach its conclusions. Due to this Pinnacle believes that the report significantly underestimates the employment and wages that will be generated by the facility. This is supported by the fact that the average earnings, exclusive of gratuities, at Pinnacle’s five largest US casino properties is $36,145 per employee. As a reference, please find wage, benefit, and full-time equivalency information for Pinnacle’s five largest US casino properties attached hereto as Exhibit A.
Employment and Wages. By the end of 2020, the number of employed people in China was 750.64 million, among which, 462.71 million was in urban areas, accounting for 61.6% of all the employed people nationwide. In 2020, the employed people in urban areas increased by 11.86 million, 1.66 million less than the previous year. By the end of 2020, the surveyed urban unemployment rate was 5.2%, and the registered urban unemployment rate was 4.2
Employment and Wages. In 2021, the average annual salary of employees in urban non-private sector in Hainan was RMB97,471, representing an increase of RMB10,862, a nominal increase of 12.5% and an actual increase of 12.2% after eliminating the effect of price change, respectively, over 2020. In particular, the average annual salary of on- the-job employees was RMB101,090, representing a nominal increase of 12.8% and an actual increase of 12.4% after eliminating the effect of price change, respectively, over 2020. The following table sets forth the urban unemployment rate in Hainan for 2017-2021: Urban unemployment rate (%) ........................ 2.3 2.3 2.3 2.8 3.1 In 2021, per capita disposable income of urban and rural residents in Hainan was RMB30,457 with a nominal increase of 9.1% over 2020. Per capita consumption expenditure of urban and rural residents was RMB22,242 with an increase of 17.2% over 2020. The ▇▇▇▇▇ coefficient of urban and rural residents dropped to 36.9% in 2021 where it was 2.7 percentage points higher in 2020. The following table sets forth the disposable income of urban and rural residents in Hainan for 2017-2021: Per capita disposable income (RMB)............... 22,553 24,579 26,679 27,904 30,457 Per capita disposable income of residents increase (%) over the preceding year ............... 9.2 9.0 8.5 4.6 9.1 Notes:
Employment and Wages