Short-Term Compensation Clause Samples
The Short-Term Compensation clause defines the terms under which an employee or contractor is paid for work performed over a limited or specified period. Typically, this clause outlines the amount, frequency, and method of payment for services rendered within a short timeframe, such as weekly or monthly compensation for a temporary assignment. Its core function is to ensure both parties have a clear understanding of payment expectations for short-term engagements, thereby reducing the risk of disputes over compensation.
Short-Term Compensation. Employees shall also be compensated for legitimate short-term (seven (7) days or less) occupational injuries or illnesses in accordance with the provisions contained in Section 1 of this Article. This shall include the date of the injury or illness if the employee needs treatment during regular work hours.
Short-Term Compensation. Where there is an shortage of nurses in a unit or units and the Employer wishes to address the situation by providing additional compensation, at its discretion, on a temporary basis, the Employer will notify the union seven (7) days prior to offering the short-term compensation to the nurses. The Association further agrees not to reject any reasonable proposals. LETTER OF UNDERSTANDING
Short-Term Compensation. During the Employment Period, Executive will have the opportunity, based on the achievement of certain performance criteria, as mutually determined by the Remuneration Committee of the Company and Executive, to receive annual short-term compensation awards having a maximum value of U.S. $4,750,000 per year (the “Reference Bonus”) “appropriately pro-rated for any periods consisting of less than a full year.