This is an example of an Employee Benefits Covenant for a Joint Venture that leases employees from the parent entities to the joint venture.
North Carolina Employee Benefits Covenant
Category:
State:
Multi-State
Control #:
US-P2104-5AM
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
How to fill out Employee Benefits Covenant?
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FAQ
In North Carolina, courts are permitted to ?blue pencil? restrictive covenants. This means that a court may decide not to enforce a part of the covenant that is distinctly separable in order to make the provision reasonable. However, a court is not able to re-draft an overly broad provision completely or from scratch.
You may retire with unreduced service retirement benefits after: you reach age 65 and complete five years of creditable service, or. you reach age 60 and complete 25 years of creditable service, or. you complete 30 years of creditable service, at any age.
Restrictive covenants may contain 4 different types of promises: (1) a promise not to compete with one's former employer; (2) a promise not to solicit or accept business from customers of the former employer; (3) a promise not to recruit or hire away employees of the former employer; and (4) the promise not to use or ...
State employees are eligible for many valuable Benefits in addition to their regular pay. These benefits include the State Health Plan, DHHS Supplemental Benefits, NCFlex Benefits, Retirement, 401K/457 Prudential Savings Plans, Leave Benefits, EAP, Service Awards, and many other important Benefits options.
To learn more about 401(k) and Roth Savings Plans and 457 Savings Plans, visit the Retirement and Savings page on the State Treasurer's website. The State matches contributions made by State employees. Retirement, disability, monthly income and medical benefits are also available.
In North Carolina, companies with 50 or more full-time employees must provide health insurance coverage. Businesses in North Carolina that have 50+ full-time employees are considered applicable large employers, which means they may face penalties if they fail to offer health benefits.
At least 112 hours (14 days) of vacation leave is provided yearly to permanent, probationary, trainee and provisional employees. As length of service increases, the amount of leave earned increases. Leave is prorated for part-time employees. The Vacation Leave Policy is prorated for part-time employees.
The state's highest-paid employee is Jeff Cox, N.C. Community College System president, with a base salary of $350,000. Cox's appointment to the position in April marked the conclusion of a nearly year-long search. He is the fourth community college system president in seven years. Read about his plans here.
