North Carolina Short-Term Incentive Plan

State:
Multi-State
Control #:
US-CC-7-588C
Format:
Word; 
Rich Text
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This sample form, a detailed Short-Term Incentive Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

In North Carolina, employers are not required to provide sick leave to employees, either paid or unpaid. If a North Carolina employee is not covered by the Family and Medical Leave Act (FMLA), an employee can be fired or disciplined for missing work for a medical reason, even with a doctor's note.

An employer must pay an employee at least the minimum wage (currently $7.25 an hour under both North Carolina and federal labor laws) or pay the employee the promised rate of pay, whichever is greater, and pay time and one-half overtime pay based on the employee's regular rate of pay for all hours worked in excess of ...

Vacation Leave Quota Private employers in North Carolina are not required to provide paid or unpaid vacation. Although it is not required by law, it is common for employees to receive 10 paid days off after completing one year of work. This is usually the case for private sector employees.

Unlike ?sick pay,? the North Carolina Department of Labor takes the position that vacation pay needs to be paid upon termination unless there is a written policy that states that vacation pay will be forfeited. Such unused vacation should be paid to you at your final rate of pay.

North Carolina requires that final paychecks be paid on the next scheduled payday, regardless of whether the employee quit or was terminated.

North Carolina follows an at-will employment doctrine. Employees can leave without providing two weeks' notice .

(Boothby v. Atlas Mechanical (1992) 6 Cal. App. 4th 1595) And, unless otherwise stipulated by a collective bargaining agreement, upon termination of employment all earned and unused vacation must be paid to the employee at his or her final rate of pay.

While North Carolina does not have a paid sick or safe leave law, the state does mandate that employers provide ?a reasonable period of leave? for victims of domestic violence to obtain a court order or obtain relief. Under the NC statute, leave does not need to be paid.

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North Carolina Short-Term Incentive Plan