SEVERANCE PAYMENT title: severance payment (PY-HK) (SAP Library - Glossary)
SEVERANCE PAYMENT category: Hong Kong (PY-HK)
SEVERANCE PAYMENT explained:
Payment to which an employee is legally entitled if he or she has worked continuously for an employer for a period of not less than 24 months immediately prior to dismissal by reason of redundancy or lay-off. It is reduced by any gratuity or employer's non-mandatory contribution to a retirement scheme.
An employee is eligible for either the severance payment or the long service payment but not both.
More terms such as severance payment in Dictionary S.
- Manual Structure (BC-CCM-ADK):
- Help This is the name of the active ABAP Dictionary structure, if you are working with a logical database and, therefore, the structure in the Segment field is a pseudonym for a real structure severance payment definition.
- Manual Segment (FI):
- Help company that can create its own financial statements for external reporting. With IAS, a distinction is made between two types of segment: Business segment Geographical segment A segment can be severance payment explain.
- Manual Stock Account:
- Help An account that records the opening quantity of stock in a warehouse, goods issues and receipts, and the closing stock severance payment what is.
- Manual Sales Agreement:
- Help between business partners in which the conditions (for example prices and delivery conditions) and releasable products are defined. These conditions and products apply to all contracts or sales severance payment meaning.
- Manual Sales/Index Contract:
- Help Special type of index-linked contracts with both index and sales agreements. The tenant makes advance payments based on the estimated sales and has either a receivable or a credit memo following the severance payment abbreviation.
