Keyword/Phrase

Arbitration
Benefit Plans
Fixed Term
Governing Law
Indemnification
Non-Competition
Non-Disclosure
Non-Waiver

Notice period
Outside Activities
Payment of Costs and Legal Fees and Reinstatement of benefits
Payments to employee upon termination by employer
Position
Post termination obligations
Reimbursement of expenses
Responsibilities
Salary
Severability
Source of Payments
Successor to Bank
Supercession of Agreement
Termination by employee's voluntary resignation
Termination during the term
Termination for disability or death
Termination upon retirement
Waiver
With-cause termination
 Explanation
It is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding
An employer-sponsored retirement plan where employee benefits are computed using a formula that considers several factor
Agreement to end the contract on a fixed date.
When a dispute arises, the governing law of a contract is used to construe contractual terms.
It is a promise by employee to compensate employer for the loss suffered as a consequence of breach.
An agreement that prevents an employeewho leaves a company from working for another company involved in the same acti
Prohibition on the employee for disclosing company confidential and proprietary information.
This ensures that a party to the contract does not accidentally or informally waive its rights to bring proceedings and recover d
other party.
An announcement by the employee or employer that the employment contract will end on a certain date.
The activities being carried on by an employee which are not related to the scope of employment.
The recovery of expenses made during dispute in the form of court fees or other costs by the innocent party.
All the sums due to an employee before the agreement is terminated by an employer.
An employment for which one has been hired.
The employee may be restricted from doing something which is against the employer after his termination for some period.
Method for paying employees back when they spend their own money while working for the employer.
Having a duty to deal with something during employment.
 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
Mode of payment e.g. by cheque.
A direct or indirect successor or assignee required by the Bank by purchase, merger or consolidation.
The Agreement supersedes any prior or subsisting agreement between employer and employee.
A situation where an employee decides to terminate his contract or service with the organization in his or her volition.
When the contract is terminated before the expiry of its term.
When employee is incapacitated by ill health from performing his duties under the areement for any continuous period or is d
When the agreement terminates because of the retirement age of the employee.
By it an employee waives his right to sue the employer and releases employer from legal liability for claims employee may hav
If either party breaches in any material respect any of its material obligations, the agreement can be terminated by the other p
 Keyword/Phrase
Indemnification
Non-Compete
Non-Disclosure
Outside Activities
Payments to employee upon termination by employer
Post termination obligations
Termination by employee's voluntary resignation
Termination during the term
Termination for disability or death

Termination upon retirement

Waiver
With-cause termination
 Explanation
It is a promise by employee to compensate employer for the loss suffered as a consequence of breach.
An agreement that prevents an employeewho leaves a company from working for another company involved in the same acti
Prohibition on the employee for disclosing company confidential and proprietary information.
The activities being carried on by an employee which are not related to the scope of employment.
All the sums due to an employee before the agreement is terminated by an employer.
The employee may be restricted from doing something which is against the employer after his termination for some period.
A situation where an employee decides to terminate his contract or service with the organization in his or her volition.
When the contract is terminated before the expiry of its term.
When employee is incapacitated by ill health from performing his duties under the areement for any continuous period or is d
Agreement.
When the agreement terminates because of the retirement age of the employee.
By it an employee waives his right to sue the employer and releases employer from legal liability for claims employee may hav
If either party breaches in any material respect any of its material obligations, the agreement can be terminated by the other p
 Keyword/Phrase
Confidentiality
Position
Salary
Scope of work
Source of Payments
Successor to Bank
Term
Termination
 Explanation
Prohibition on the employee for disclosing company confidential and proprietary information.
An employment for which one has been hired.
 A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an
What all type of work does employ needs to do and the working hours.
Mode of payment e.g. by cheque.
A direct or indirect successor or assignee required by the Bank by purchase, merger or consolidation.
Duration of the employment Agreement.
The reasons and conditions surrounding the termination.