Pay in lieu of notice, the Glossary
In United Kingdom labour law, payment in lieu of notice, or PILON, is a payment made to employees by an employer for a notice period that they have been told by the employer that they do not have to work.[1]
Table of Contents
8 relations: Breach of contract, Commission (remuneration), Employment Rights Act 1996, Health insurance, List of minimum annual leave by country, Notice period, Take-home vehicle, United Kingdom labour law.
Breach of contract
Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance.
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Commission (remuneration)
Commissions are a form of variable-pay remuneration for services rendered or products sold.
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Employment Rights Act 1996
The Employment Rights Act 1996 (c. 18) is a United Kingdom Act of Parliament passed by the Conservative government to codify existing law on individual rights in UK labour law. Pay in lieu of notice and Employment Rights Act 1996 are United Kingdom labour law.
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Health insurance
Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses.
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List of minimum annual leave by country
In the majority of nations, including all industrialised nations except the United States, advances in employee relations have seen the introduction of statutory agreements for minimum employee leave from work—that is the amount of entitlement to paid vacation and public holidays.
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Notice period
A notice period or period of notice within a contract may by defined within the contract itself, or subject to a condition of reasonableness.
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Take-home vehicle
A company car is a vehicle which companies or organizations lease or own and which employees use for their personal and business travel.
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United Kingdom labour law
United Kingdom labour law regulates the relations between workers, employers and trade unions. Pay in lieu of notice and United Kingdom labour law are law of the United Kingdom.
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References
[1] https://en.wikipedia.org/wiki/Pay_in_lieu_of_notice
Also known as PILON.