If you have no relation to your employer, and no stake in the company, why would you want to? I mean, if you employer is you daughter, nephew, boyfriend, etc, and you want to stick your neck out for them, then it's up to you. Otherwise, I can't see why you'd have any compulsion to do so.
A personal guarantee is a signature promise that money loaned to a company will be repaid. The owners or partners of a corporation sign documents, and put there personal finances on the line, with the guarantee that all money loaned to the company will be paid back. If money is not repaid, lenders have the ability to request repayment from the individuals who guaranteed payment.
Companies do this to prevent an employee from leaving the company and using the contacts and experience from working at the company to start a company in a similar profession. This helps prevent the company from incurring a loss in income due to training an employee who then goes off on their own to compete with the company.
Yes. I filed for that reason alone. I signed a lease for a business. I was told I had to sign a personal guarantee. I had to file a personal BK because of it. When I left the lease they tried to sue the business....but the business had nothing, so they came after me because I signed a personal guarantee. I filed a Bankruptcy and it was discharged.
In CA an Employee is entitled to any document kept in their payroll records or their personal file, and the employer is supposed to give them a copy of eveything and if a employee is supposed to sign anything theri immediate suervisor must sign as well and give the employee a copy on the spot. If you are missing a record just ask for it.
To write a letter of warning to an employee for using their cell phone at work, highlight the company policy on cell phone usage. Tell the employee that this is a first warning and will go in their file. You could also mention that another infraction could result in disciplinary action. Sign the letter and have the employee sign the letter after it has been read as well.
Most times when an employee is forced into arbitration is when they sign a contract which agrees to this. When you sign your employment contract, you have to read it carefully and be wary of this statement because you end up giving up your rights to the US legal system in many cases.
your company got you to sign an authorisation form when you took your company credit card. This form contains a joint and several liability clause. This clause means that if your company does not pay their credit card bill then you will be liable for it. Is this unfair? Yes. You should categorically refuse to sign one of these/
No.
Your addressThe Personnel DepartmentThe Company that you work for.Today's dateDear Sir/Madam,I regret to tell you that I have lost my punch card. My employee number is XXXXX.Could you please arrange for a replacement.Thank you.Your sincerely,Sign your namePrint your name underneath
It deepends on company policy. Most likely, the company has insurance which will protect their interests, but that does not necessarily let the employee off the hook, unless company policy is to cover it for the employee. Otherwise, you may find your employer or the insurance company asking you to reimburse them. But in a situation where employees drive customers' cars, I can't imagine there isn't a written policy covering just this eventuality. And I can't imagine you haven't read and signed a copy of it.
no
no