This form is used when an Assignor transfers and assigns to Assignee all of Assignors rights, title, and interests in and to the described oil and gas lease or leases only insofar as the Leases cover and include the oil, gas, casinghead gas and other liquid, gaseous or vaporous substances in, under, and which may be produced from the described lands.
Alaska Term Assignment - Long Form
Category:
State:
Multi-State
Control #:
US-OG-225
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Term Assignment - Long Form?
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FAQ
Under Alaska law, if an employee works more than eight hours in one day or more than 40 hours in a week, then they are entitled to 1.5 times their normal hourly pay rate for all time worked over those limits. For all other aspects of overtime law, Alaska follows the federal Fair Labor Standards Act (FLSA).
Because the payment of sick leave, accrued vacation, or any other type of PTO is not a requirement of Alaska wage and hour laws, the department does not mandate the payment of these benefits. The employer's written policy establishes the rules for disbursing accrued leave.
Access to personnel files. (a) An employer shall permit an employee or former employee to inspect and make copies of the employee's personnel file and other personnel information maintained by the employer concerning the employee under reasonable rules during regular business hours.
Pay Periods & Payday Laws in Alaska Alaska employers are required to establish a regular pay period and pay employees at least twice a month. Employees must receive their wages within seven working days following the end of the pay period, which means employees should receive their wages on the next regular payday.
Alaska law requires all employers doing business in the state to report the hiring, rehiring, or return to work for each employee within 20 days of the date of hire. The following information must be submitted; Employee name, address, social security number and Employer name, address, and Federal Tax ID number.
If you are terminated by your employer, your employer must pay you all monies owed within three working days after the day of termination (not counting weekends and holidays). If you quit, you must be paid by the next regular payday that is at least three working days after your last day worked.
Employment Status Permanent Full-time: Work hours per week. For health insurance and retirement benefits purposes only, 30 hours is considered full-time. Supervisory (SU) and Labor, Trades and Crafts (LTC) employees are regularly scheduled to work 40 hours per week.
Final paychecks in Alaska Employees who are fired or laid off must be paid all due wages within 3 working days. Employees who quit, resign due to a labor dispute, or are suspended must be paid by the next regular payday.