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Compensatory Time Off
Compensatory time off, also called comp time, is an optional alternative to paying employees who work overtime on occasion. A comp time policy provides credits to employees in the form of additional paid time off (PTO) rather than time-and-a-half pay for overtime hours worked. In order to ensure legality, a company must maintain a detailed and accurate method for tracking comp time as the hours are accrued by employees.
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Non-Disclosure Agreement
A non-disclosure agreement (or NDA) is a contract between a group or individual wanting to protect sensitive information and an individual or group with access to that information. Other terms include non-disclosure contract and confidential disclosure agreement. The document restricts what information can be shared with others. Examples of sensitive information that might be protected…
Non-Compete Agreement
A non-compete agreement is between an employer and an employee, requiring the latter to agree not to work for any competing organization during or after employment. Prohibited actions under such an agreement could include: Starting a new business in the same industry Taking another job Signing another contractor Working for a competing business Working within…
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