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LSDefine

Simple English definitions for legal terms

guaranteed annual wage plan

Read a random definition: Mike O'Connor rule

A quick definition of guaranteed annual wage plan:

A guaranteed annual wage plan is a way for employers to ensure that their employees receive a minimum amount of pay or work hours each year. This means that even if there is no work available at certain times, the employer will still pay their employees a set amount. The purpose of this plan is to provide a stable workforce throughout the year.

A more thorough explanation:

A guaranteed annual wage plan is a method of paying employees where the employer agrees to pay a minimum amount of money each year or provide a minimum number of hours of employment each year. This is done to ensure that employees have a stable income throughout the year.

For example, an employer may agree to pay their employees a certain amount of money each week, even if there is no work available during certain times of the year. This helps to keep the workforce stable and ensures that employees have a reliable source of income.

Another example of a guaranteed annual wage plan is when an employer agrees to provide a certain number of hours of work each year, regardless of whether there is work available or not. This helps to ensure that employees have a consistent income and can plan their finances accordingly.

Overall, a guaranteed annual wage plan is a way for employers to provide their employees with a stable income throughout the year, even if there are fluctuations in the amount of work available. This helps to create a more stable workforce and can be beneficial for both employers and employees.

guarantee clause | guaranteed investment contract

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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