Connecticut Assignment of Production Payment Measured by Quantity of Production refers to a specific type of legal agreement or contract that involves the transfer or assignment of future production payments based on the quantity of production output. This contractual arrangement allows the assignor (usually the producer) to transfer their right to receive payment to the assignee (often a lender or investor) in exchange for immediate funds. In Connecticut, there are primarily two types of Assignment of Production Payment Measured by Quantity of Production agreements: 1. Absolute Assignment: This type of agreement involves a complete and unconditional transfer of the producer's right to receive future production payments. The assignee assumes full control and ownership over the assigned production payment and is entitled to receive all the proceeds generated by the assigned production output. 2. Security Assignment: In this arrangement, the producer assigns their right to receive payment as collateral or security for a loan or debt. The assignee has the right to receive the assigned payments only in the event of default by the producer. If the producer fulfills their obligations, the right to receive the payment reverts to them. Keywords: Connecticut, Assignment of Production Payment, Measured by Quantity of Production, legal agreement, contract, transfer, assignor, assignee, production output, future production payments, lender, investor, immediate funds, absolute assignment, security assignment, collateral, loan, debt.
Connecticut Assignment of Production Payment Measured by Quantity of Production
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(a)(1) Except as provided in subdivision (2) of this subsection, each employer, or the agent or representative of an employer, shall pay weekly all moneys due each employee on a regular pay day, designated in advance by the employer, in cash, by negotiable checks or, upon an employee's written request, by credit to ...
Any contractor who is not obligated by agreement to make payment or contribution on behalf of such persons to any such employee welfare fund shall pay to each mechanic, laborer or worker as part of such person's wages the amount of payment or contribution for such person's classification on each pay day.?
Labor § 31-72. Civil action to collect wage claim, fringe benefit claim or arbitration award.
Payment of wages on termination of employment. (a) Whenever an employee voluntarily terminates his employment, the employer shall pay the employee's wages in full not later than the next regular pay day, as designated under section 31-71b, either through the regular payment channels or by mail.
Each employer shall: (1) Advise his employees in writing, at the time of hiring, of the rate of remuneration, hours of employment and wage payment schedules, and (2) make available to his employees, either in writing or through a posted notice maintained in a place accessible to his employees, any employment practices ...
Connecticut Final Pay Rule § 31-71c, an employer must issue a final paycheck to a terminated employee no later than the following business day. However, an employee who quits his or her job is not entitled to a final paycheck until the next regularly scheduled pay date.
31-71c. Payment of wages on termination of employment. (a) Whenever an employee voluntarily terminates his employment, the employer shall pay the employee's wages in full not later than the next regular pay day, as designated under section 31-71b, either through the regular payment channels or by mail.
Section 31-13a - Employer to furnish record of hours worked, wages earned and deductions.
