This is a notice of post-termination obligations to be performed by the franchisee. The document provides that the franchisee was notified that the franchise agreement was being terminated by the franchisor due to material uncured defaults. The notice serves as a reminder to the franchisee of his/her post-termination obligations.
Puerto Rico Notice of Post-Termination Obligations
State:
Multi-State
Control #:
US-7-02-3-STP
Format:
Word;
Rich Text
Instant download
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How to fill out Notice Of Post-Termination Obligations?
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FAQ
As an employer, you may place your employees under certain post-employment obligations which cover: confidentiality; restraint of trade; and. intellectual property.
Post-Termination and Surviving Obligations For a vendor, these obligations may include that the vendor provide termination assistance, including continued performance of existing services for a set period of time while the customer transitions away and assistance is required to facilitate the customer's transitions.
No At-Will Employment in Puerto Rico Employers must demonstrate just cause for employee termination or risk paying a premium (una mesada) to the discharged employee that can be a severance package on steroids ? including two months' salary (minimum) plus progressive compensation depending on length of service.
Post-Termination Benefits means (i) continuing payment of Executive's base salary in effect at the time of termination for the greater of nine (9) months following the date of termination or the balance of the then applicable Term, and (ii) continuing coverage of Executive, his spouse and children, if any, at the ...
The US federal Worker Adjustment and Retraining Notification Act (WARN) applies in Puerto Rico to mass layoffs requiring advance notice under certain circumstances. Under WARN, pay in lieu of notice may be provided in certain circumstances. Puerto Rico does not have a local WARN statute.
Post-Termination Obligations means any obligations owed by an Eligible Individual to the Company or any of its Affiliates which survive such Eligible Individual's employment with the Company or its Affiliates, including, without limitation, those obligations and restrictive covenants (including covenants not to compete ...
Vacation/Annual Paid Leave Accrual of vacation is at the rate of one and one quarter (1 1/4) day per month, for a total of fifteen (15) days per year, provided that the employee works at least one hundred and thirty (130) hours during the month in which the accrual takes place.
Employment Law. Post-termination restrictions are sometimes also known as restrictive covenants. They prevent you from carrying out certain activities once you have left your employer.