Examlex
The correct sequence of progressive discipline is as follows: (1)written warning,(2)oral warning,(3)suspension,and (4)discharge.
Event of Default
A specified occurrence which breaches the terms of a contract or agreement, triggering specific consequences.
Risk
The exposure to the possibility of loss, damage, or other adverse or unwelcome circumstance.
Potential Loss
The possibility of suffering a reduction in value, financial or otherwise, due to unforeseen risks.
Destruction
Destruction refers to the act of causing such significant damage to something that it loses its value, function, or identity.
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