Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-ma-wage-act-considerations.docx
memo-ma-wage-act-considerations.docx
Parties
Harkness LLP
Arbor Health Technologies Inc
Rowe LLP
Genitope Corp
Equity Inc
Dates
August 1, 2022
July 18, 2022
August 5, 2022
November 1, 2022
August 22, 2022
September 2, 2022
October 1, 2018
July 25, 2022
August 8, 2022
Amounts
$575,000
$431,250
$646,875
$250,000
$1,293,750
$750,000
$125,000
$2,150
$25,800
$1,150,000
Obligations
For salaried employees, payments must be made at least semi-monthly, though many employers elect to pay on a biweekly basis consistent with their standard payroll cycle
Critically, Section 148 also imposes strict timing requirements upon the termination of employment: when an employee is involuntarily discharged, all wages due must be paid on the date of discharge; when an employee voluntarily resigns, all wages must be paid on the next regular payday or, if there is no regular payday, on the following Saturday
AHT must pay Dr
The base salary is straightforward earned compensation, accruing ratably over each pay period, and must be paid in full on each regularly scheduled payday without unauthorized deductions
The relevant provision should state that, in the event of a triggering event (voluntary resignation without Good Reason or termination for Cause within 24 months), Executive shall repay to the Company the applicable clawback amount within a specified period (e
For example: • If voluntary resignation without Good Reason or termination for Cause occurs within the first twelve (12) months following the start date, Executive shall repay 100% of the signing bonus ($250,000)