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Employment Contract Between College and Coach of College Sports Team...

Kings New York Employment Contract Between College and Coach of College Sports Team with Liquidated Damages for Termination by Coach

Name: Kings New York Employment Contract Between College and Coach of College Sports Team with Liquidated Damages for Termination by Coach
Brand: US Legal Forms
Rating: 4.83 (333 reviews)

Category:

Employment - Sports Coach

State:

Multi-State

County:

Kings

Control #:

US-0276BG

Format:

Instant download

Description

A contract may state the amount of liquidated damages to be paid if the contract is breached. Upon a party's breach, the other party will recover this amount of damages whether actual damages are more or less than the liquidated amount. For example, the

How to fill out Kings New York Employment Contract Between College And Coach Of College Sports Team With Liquidated Damages For Termination By Coach?

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Liquidated damages are presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. It is a provision that allows for the payment of a specified sum should one of the parties be in breach of contract.

Under the FLSA, liquidated damages are an amount equal to the pay employees should have received. In other words, employees can recover double back pay damages for unpaid overtime. Employers can only avoid double damages for unpaid overtime if they can show two things.

Related Content. A contractual provision requiring a party in breach to pay a pre-determined amount to the other party as compensation for the breaching party's failure to perform a specific task or comply with a particular duty or obligation.

A liquidated damages clause is a useful way to deal with the possibility of breach under a contract. The clause dictates that a party in breach of a contract is obliged to pay a sum in compensation for the breach. The sum is fixed and written into a contract.

First, a liquidated damages provision is no greater than is required for the university's protection because, in lieu of restricting the coach from competitive employment, it allows for damages to be paid to the university when the coach leaves earlier than allowed by the contract.

A liquidated damages example would be a contractor that failed to complete a construction project on time and is charged daily until the project has been finished.

Liquidated damages allow the contractor to know exactly what they are liable to pay to the principal if they fail to complete the works by the date for practical completion. This is useful to assess potential cost and liability exposure under a contract.

1946) (liquidated damages under the FLSA are not wages for employment or income tax withholding purposes). There are often a variety of employment law penalties claimed by employees in litigation.

In the employment law context, liquidated damages are a statutory remedy for victims of certain unlawful employment discrimination or wage violations. Liquidated damages are a fixed amount defined by the statutes that authorize them, commonly equal to the plaintiff's back pay award.

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View and download Sign up with MSI for free. Beckham's or Eli Manning' s multimillion-dollar contracts.Chapter 2 introduces sports contracts between players, teams, coaches, and sponsors. College football and basketball coaches are sometimes the highest paid employee at your educational institution (and in some cases, in the entire state). Crofton, Md., and accepted the coach's resignation after allegations that team parents harassed a teen-age referee.

Kings New York Employment Contract Between College and Coach of College Sports Team with Liquidated Damages for Termination by Coach

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What is the meaning of liquidated damages?

What are liquidated damages in labor law?

What is a liquidated damages clause in a contract?

Why will the courts generally enforce a liquidated damages clause?

Why would a university include a liquidated damages clause in a head coach's contract?

Which is an example of liquidated damages?

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Are liquidated damages considered wages?

What are liquidated damages in employment law?

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What is an employment contract in the context of college sports teams?

What are liquidated damages in an employment contract?

Why are liquidated damages included in the coach's employment contract?

How are liquidated damages calculated?

Can the coach avoid paying liquidated damages?

What happens if the college terminates the coach's contract?

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