Virgin Islands Announcement Provisions in the Transactional Context

State:
Multi-State
Control #:
US-ND1403
Format:
Word; 
PDF
Instant download

Description

This form provides boilerplate contract clauses that outline the obligations of nondisclosure and the restrictions that apply to public announcements regarding the existence or terms of the contract agreement. Several different language options representing various levels of restriction are included to suit individual needs and circumstances.

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FAQ

In the Virgin Islands the Wrongful Discharge Act specifies lawful reasons for dismissal of an employee who is not covered by a Union Contract. The difference between the two contract forms is that an express contract is an actual agreement with explicit terms often placed in writing.

The Revised Organic Act of 1954 declared the Virgin Islands to be an unincorporated territory, and completely reorganized its govern- ment, abolishing the two existing municipalities with their separate municipal coun- cils and joint legislative assembly, and creating a single territorial government with a single ...

Minimum Wage Rate in the U.S. Virgin Islands is $10.50 per hour. Time and a half of the regular hourly rate must be paid for all hours worked over 8 hours each day and for over 40 hours in any work week including any hours worked on the 6th and 7th consecutive day of work.

?Plant Closing? means a permanent cessation or reduction of Business at a facility which results or will result as determined by the Commissioner in the permanent separation of at least 50 percent of the employees of said facilities within a period of six months prior to the date of actual or anticipated termination of ...

The Virgin Islands Special Trusts Act 2003 created a special trust (known as a "VISTA trust") in the British Virgin Islands which exists as an alternative to a non-charitable purpose trust.

The federal WARN Act is similar to the Virgin Islands statute in that it requires employers to provide advance written notice to those employees who will be subject to a ?mass layoff? sixty days before the layoff occurs. 29 U.S.C. § 2102(a).

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Virgin Islands Announcement Provisions in the Transactional Context