New Mexico Employee Property Agreement

State:
Multi-State
Control #:
US-EG-9093
Format:
Word; 
Rich Text
Instant download

Description

Employee Intellectual Property Agreement between N(2)H(2), Inc. and Eric H. Posner dated September 8, 1999. 5 pages
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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.

When does an employer have to pay final wages to a terminated employee? If the wages owed are a fixed and definite amount, the employer shall pay such wages to the employee within five days of such discharge. Task, piece, and commission wages must be paid within ten days of such discharge.

Under the law, covered employers must give 60 days' notice of a mass layoff, or a layoff of at least 33 percent of the workforce. Additionally, these employers must give 60 days' notice of a plant closing.

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.

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.

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.

Here are some steps you may use to guide you when you write an employment contract: Title the employment contract. ... Identify the parties. ... List the term and conditions. ... Outline the job responsibilities. ... Include compensation details. ... Use specific contract terms. ... Consult with an employment lawyer.

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.

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New Mexico Employee Property Agreement