Compensation

The compensation structure is going to have to be included in the employment agreement. See Unit 13 for types of compensation methods. Be sure to answer in the contract when, if at all, salary will be renegotiated or increased. Also, can a person’s salary be reduced if the company is struggling or is in financial distress?

License

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To the extent possible under law, Samantha Prince has waived all copyright and related or neighboring rights to Entrepreneurship Law: Company Creation, except where otherwise noted.