New Mexico Key Employee Agreement
Description
How to fill out Key Employee Agreement?
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FAQ
Under New Mexico law, employees are entitled to certain leaves or time off, including military leave, voting leave, domestic violence leave, emergency responder leave and paid sick leave. See Time Off and Leaves of Absence. New Mexico prohibits smoking in the workplace and texting while driving. See Health and Safety.
Final Payments When an employee is discharged, unpaid wages become due immediately if demanded and must be paid no later than five days after discharge, for fixed or definite amounts. N.M. Stat. § 50-4-4. All other wages of discharged employees shall be made within ten days of discharge.
Essential Elements of an Employment Contract Terms of employment. The terms make up one of the most important elements. ... Compensation and benefits. ... Job description. ... Employment absence. ... Non-disclosure/confidentiality agreement. ... Termination and severance.
7 things you need to include in an employment contract Job information. Compensation and benefits. Time off, sick days and vacation policy. Employee classification. The schedule and employment period. Confidentiality, privacy and responsibility. Termination, severance and survival.
While Mexico's federal labor law generally favors employees, employers aren't required to give any advance notice of termination. They are, however, required to pay severance, regardless of the reason or cause of termination.
A type of workplace discrimination, wrongful termination is against the law, and employees who believe their discharge from employment was based on discrimination or retaliation may have a claim for wrongful termination against their employer.
New Mexico is an at-will state, meaning that, in the absence of an express contract, an implied contract, or a public policy exception, the employer or employee can terminate the employment relationship at any time with or without notice or cause.
Key Employee Agreement means an agreement entered into between the Company (or an Affiliate) and a Participant that protects confidential information and sets forth other terms and conditions of employment with the Company (or an Affiliate).
