Tiger HR THR-EXPERTS-DEFAULT-FT-IMAGE-1280x960-927x695 Accelerated Receipt

Accelerated Receipt

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A percentage reduction in the amount of compensation paid to an individual on termination of employment to reflect the fact that payment is received in one lump sum rather than over the whole notice period. The amount of the percentage reduction is commonly 50% of the current annual interest rate or half of the annual official court interest rate.

Tiger HR THR-EXPERTS-DEFAULT-FT-IMAGE-1280x960-927x695 Associated Employer

Associated Employer

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Two employers where: – One is a company of which the other (directly or indirectly) has control; or – Both are companies of which a third person (directly or indirectly) has control. ”Control” means the holding of the majority of voting power at shareholders’ meetings. If an employee leaves their job and is employed by an employer who is associated …