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This document contains definitions and explanations of various terms and phrases commonly found in employment contracts. Key terms include confidentiality/non-disclosure, garden leave, intellectual property ownership, non-compete clauses, severance compensation, termination by employer or employee, and reimbursement of expenses. The document seeks to clarify contractual obligations of both employer and employee regarding compensation, benefits, termination, intellectual property rights, post-employment restrictions, and more.

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0% found this document useful (0 votes)
58 views6 pages

B 1

This document contains definitions and explanations of various terms and phrases commonly found in employment contracts. Key terms include confidentiality/non-disclosure, garden leave, intellectual property ownership, non-compete clauses, severance compensation, termination by employer or employee, and reimbursement of expenses. The document seeks to clarify contractual obligations of both employer and employee regarding compensation, benefits, termination, intellectual property rights, post-employment restrictions, and more.

Uploaded by

mishra1mayank
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Keyword/Phrase

Accrued Obligations
Annual Increment
Applicable laws
Code of conduct
Confidentiality/Non-Disclosure
Entire Agreement
Ex-Gratia/Bonus
Garden Leave

Insurance
Intellectual Property Ownership/Invention
Assignment
Leave
Minimum Renumeration

Moonlight clause
National Pension Scheme

No other obligations
Non-Compete
Non-Solicitation
Other Allowances
Performance Bonus
Policies
Reimbursement of expenses
Relocation
Role
Salary
Severability
Severance Compensation

Supernnuation
Supersession
Taxes
Termination Benefits
Termination by employer
Termination by voluntry resignation
Termination for breach / With cause Termination
Termination on account of disability or illness

Termination on retirement
Termination upon death
Voting Securities
Without Cause Termination
Explanation
It is sum of the unpaid benefits till the date of termination of the employement.
An yearly increase or addition in pay scale.
The laws applicable to construe contractual terms when a dispute arises.
An agreement on rules of behaviour for the employees of a company.
Prohibition on the employee for disclosing company confidential and proprietary information.
The agreement is the entire agreement between the parties in relation to the subject matter and replaces all previous represe
Something given in addition to what is expected by or strictly due to an employee.
This gives an option to the employer to stop the employee from working or coming to the premises of the employer. It enable
keeping him / her away from work and work related information.
It is an arrangement in which employee pay money to a company, and they pay money to employee if something unpleasant 
Employer get certain rights to inventions created or conceptualized by the employee during the employment relationship.
The amount of hours or days employees of an organization is permitted to be away from their employment position within a y

The minimum amount of wages that an employer is required to pay employees for the work performed during a given period,
Clause restricting the employee from working elsewhere during/after the period covered by the agreement.  
Under it, a subscriber can contribute regularly in a pension account during her working life, withdraw a part of the corpus in a
income after retirement.
There are no other obligations on part of the employer except as stated under the employment agreement.
An agreement that prevents an employeewho leaves a company from working for another company involved in the same acti
This prevents an employee from attempting to solicit or entice other employee, director, client, dealer, vendor or business ass
It is the financial benefit given to the employee by the employer over and above the regular salary.
Something given in addition to what is expected by or strictly due to an employee and is provided on the basis his performanc
 These are designed to influence and determine all major decisions and actions, and all activities take place within the employ
Method for paying employees back when they spend their own money while working for the employer.
The action of moving to a new office of the same company under the employment contract.
Duties and obligations on employee while working at office.
 A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an
If some parts of the contract are held to be illegal or otherwise unenforceable, the remainder of the contract should still apply
 The pay and benefits employees receive when they leave employment at a company. In addition to their remaining regular  p
months of service.
Superannuation is a retirement benefit offered by employer to its employee under which a lumpsum amount is paid to the em
The Agreement supersedes any prior or subsisting agreement between employer and employee.
A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to
Money paid to an employee whose employment has been terminated because of a closedown or downsizing.
When the employer terminates the agreement with or without and cause.
A situation where an employee decides to terminate his contract or service with the organization in his or her volition.
If either party breaches in any material respect any of its material obligations, the agreement can be terminated by the other p
When employee is incapacitated by ill health or disability from performing your duties under this Agreement for any continuo
notice.
When the agreement terminates because of the retirement age of the employee.
When the employee is dead the Company terminates the Agreement.
Any security presently entitling the owner or holder thereof to vote in the direction or management of the affairs of a compan
Employee's actions or performance does not lead to termination but it takes place because of other reasons such as budget pr
Keyword/Phrase
Confidentiality/Non-Disclosure
Garden Leave

Intellectual Property Ownership/Invention Assignment


Moonlight clause
Non-Compete
Non-Solicitation
Severance Compensation

Termination Benefits
Termination by employer
Termination by voluntry resignation
Termination for breach / With cause Termination
Termination on account of disability or illness

Termination on retirement
Termination upon death
Explanation
Prohibition on the employee for disclosing company confidential and proprietary information.
Thise gives an option to the employer to stop the employee from working or coming to the premises of the employer. It enabl
employer while keeping him / her away from work and work related information.
Employer get certain rights to inventions created or conceptualized by the employee during the employment relationship.
Clause restricting the employee from working elsewhere during/after the period covered by the agreement.  
An agreement that prevents an employeewho leaves a company from working for another company involved in the same acti
This prevents an employee from attempting to solicit or entice other employee, director, client, dealer, vendor or business ass
 The pay and benefits employees receive when they leave employment at a company. In addition to their remaining regular  p
based on months of service.
Money paid to an employee whose employment has been terminated because of a closedown or downsizing.
When the employer terminates the agreement with or without and cause.
A situation where an employee decides to terminate his contract or service with the organization in his or her volition.
If either party breaches in any material respect any of its material obligations, the agreement can be terminated by the other p
When employee is incapacitated by ill health or disability from performing your duties under this Agreement for any continuo
written notice.
When the agreement terminates because of the retirement age of the employee.
When the employee is dead the Company terminates the Agreement.
Keyword/Phrase
Termination
Confidentiality
Emoluments
Term
Scope of work
Performance Bonus
Reimbursement of expenses
Explanation
The reasons and conditions surrounding the termination.
Prohibition on the employee for disclosing company confidential and proprietary information.
The returns arising from office or employment usually in the form of compensation or perquisites.
Duration of the employment Agreement.
What all type of work does employ needs to do and the working hours.
Something given in addition to what is expected by or strictly due to an employee and is provided on the basis his performanc
Method for paying employees back when they spend their own money while working for the employer.

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