Tennessee Paid Up Lease Pooling Provision

State:
Tennessee
Control #:
TN-OG-001
Format:
Word; 
Rich Text
Instant download

Description

This form is a Tennessee Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease is a paid up lease and provides for pooling.

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FAQ

Collections and Reporting The Tennessee Department of Revenue collects more than $11 billion in revenues annually. More than two-thirds of revenue come from two taxes - sales and use tax and franchise and excise tax.

Will provide up to 11 weeks of an additional $300 weekly benefit to eligible claimants. A claimant must be eligible through a separate unemployment program to receive FPUC. Once implemented, FPUC will be available to cover weeks of unemployment between Dec. 27, 2020, and the week ending March 13, 2021.

Rule 0800-09-01-. 02 of the Rules and Regulations of the Tennessee Employment Security Law, requires all employers to furnish each separated employee with a Separation Notice, LB-0489, within 24 hours of the employee's separation from employment.

NASHVILLE, Tenn.Tennessee is among the first states to begin paying a $300 boost in unemployment aid to those who have lost their jobs as a result of the COVID-19 pandemic. The boost is extra money on top of federal unemployment aid and is part of the COVID-19 relief package.

As you probably are aware, Tennessee is considered an at-will employment state. In general, this means that your employer can fire you at any time for any reason, or for no reason at all.

Tennessee's right-to-work law has been in statute since 1947.The Tennessee right-to-work law states that workers cannot be hired or fired, or in any way discriminated against based on whether or not they are a member of a union, Kelsey said.

Employers may legally terminate an employee at any time for any reason, or for no reason without incurring legal liability. However, an employer may not discriminate against any employee on the basis of the employee's race, sex, age, religion, color, national origin, or disability.

According to this law, employees must receive overtime pay of at least 1.5 times their regular rate of pay when working more than 40 hours in a workweek.Note that there are no overtime requirements for working more than eight hours in a day, or on weekends or holidays.

Currently, Tennessee's Unemployment Insurance program pays a maximum weekly benefit of $275 for unemployed persons. While the federal supplement will more than double Tennessee's weekly jobless benefit, it is still below the $600-a-week the federal government provided as a supplement from April through July.

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Tennessee Paid Up Lease Pooling Provision