This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Ohio Minimum Royalty Payments
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State:
Multi-State
Control #:
US-OG-808
Format:
Word;
Rich Text
Instant download
Description
How to fill out Minimum Royalty Payments?
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FAQ
May your employer withhold a paycheck for any reason in Ohio? The answer is ?no.? Employers are not allowed to withhold paychecks from employees. Federal and state laws require an employer to pay employees for all hours that they work.
Every oil and gas lease executed after 1979 must provide for a minimum royalty of 12.5 percent or it is unenforceable and invalid. HB 1391 simply clarifies the existing law by making sure the net royalty is not less than 12.5 percent.
There are generally no legal restrictions on how either the employer or the employee communicates that termination. As a practical matter, an employer will generally need to let you know that you've been terminated. But, there's technically no notice of termination requirement at all.
Under Ohio law, you must receive your last paycheck on your last scheduled pay date, or within 15 days of your last day of work, whichever is sooner. Unlike other states, the law in Ohio does not differentiate between employees that left their job voluntarily, or that were terminated.
§ 4113.15, when an employee is fired, the employer must give a final paycheck to him or her on the next regularly scheduled pay date, or within fifteen (15) days, whichever is earlier.
(A) Every employer doing business in this state shall, on or before the first day of each month, pay all its employees the wages earned by them during the first half of the preceding month ending with the fifteenth day thereof, and shall, on or before the fifteenth day of each month, pay such employees the wages earned ...
Section 1509.31 | Operation of well; notice to holder of royalty interest of assignment or transfer of entire interest in lease.
