Puerto Rico Approval of Performance Goal

State:
Multi-State
Control #:
US-CC-15-103
Format:
Word; 
Rich Text
Instant download

Description

This is an Approval of Performance Goal, to be used across the United States. It is a performance-based compensation goal for all Employees and Officers of a corporation. If one's performance meets the required goal mark, then he/she receives some type of extra compensation for that work.
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FAQ

San Juan, Puerto Rico ? FEMA awarded over $646 million in Individual Assistance (IA) grants to survivors, since Hurricane Fiona made landfall in Puerto Rico almost a year ago. More than 740,000 households have received disaster assistance funding to repair and rebuild damaged homes.

On April 2, 1900, U.S. President McKinley signed a civil law that established a civilian government in Puerto Rico. This law was known as the Foraker Act for its sponsor, Joseph Benson Foraker (an Ohio statesman), and also as the Organic Act of 1900.

In 2020, Joe Biden stated: ?I happen to believe that statehood would be the most effective means to ensure that residents of Puerto Rico are treated equally with equal representation at the federal level.

The Biden-Harris Administration is committed to supporting Puerto Rico's recovery and renewal. In 2021, President Biden unlocked billions of dollars in disaster funding and enacted historic expansions of economic and healthcare assistance programs for Puerto Rico.

GUAYNABO, Puerto Rico ? FEMA has awarded more than $320 million in Public Assistance grants to Puerto Rico for Hurricane Maria-related costs on the island. This brings the total to more than $3 billion in Public Assistance funds that FEMA has obligated to the government of Puerto Rico and municipalities.

In order to hire employees in Puerto Rico, a foreign country needs to register with the Department of State of the Commonwealth of Puerto Rico, and if they're doing trade or business in Puerto Rico, they will need to register with the Department of State.

Earlier this year, Puerto Rico was approved for up to $109 million in State Small Business Credit Initiative (SSBCI) funds, a small business program reauthorized and expanded under the ARP.

Act 80 (the Unjust Dismissal Act) regulates employment termination of employees hired for an indefinite term. Puerto Rico is not an 'employment at will' jurisdiction.

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Puerto Rico Approval of Performance Goal