This office lease provision states that the landlord and the tenant mutually acknowledge a good faith estimate, but that only the real estate brokerage fee has actually been determined. Thereafter, the agreed upon sum will be adjusted, increased or decreased, accordingly to reflect the actual sum once determined.
Illinois Provision to Include Final Billing
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FAQ
Sec. 9.5. Reimbursement of employee expenses. (a) An employer shall reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment and directly related to services performed for the employer.
Damages equal to 5% of the underpayment, per month (calculated from the date of the underpayment) for each month during which wages or final compensation remain unpaid.
The Wage Payment and Collection Act establishes when, where and how often wages must be paid and prohibits deductions from wages or final compensation without the employee's consent.
An employer can be liable to pay the unpaid wages, along with an interest payment of two percent for each month it failed to properly pay the wages. An employer is also liable for an employee's litigation related expenses, including court costs and attorneys' fees.
820 ILCS 115/4. Sec. 4. All wages earned by any employee during a semi-monthly or bi-weekly pay period shall be paid to such employee not later than 13 days after the end of the pay period in which such wages were earned.
Illinois is unique in this regard, as a dedicated mileage reimbursement rule is baked into its legislation. Employers in the Prairie State must provide employees with accurate reimbursements for expenses incurred during business-related activities.
30 ILCS 540/1. Sec. 1. This Act applies to any State official or agency authorized to provide for payment from State funds, by virtue of any appropriation of the General Assembly, for goods or services furnished to the State.
As of 2023, Illinois's minimum wage law guarantees at least $13 an hour for all non-tipped workers 18 years of age and older. But, the state allows tipped workers and minors to be paid a subminimum wage.
