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When the New York Jets pay their new player a signing bonus of $10 million, the team is answering
Bad Faith Bargaining
Negotiating with deceitful intent or a refusal to engage in meaningful negotiation, violating the principles of fair bargaining.
Terms of Employment
Conditions and specifications under which work is to be performed as agreed between an employer and employee, including salary, work hours, and job responsibilities.
Concession Bargaining
A negotiation process where union members agree to give up previous benefits in exchange for something else, often to prevent job losses or company closures.
Merit Pay
A compensation strategy that offers additional pay or bonuses based on an employee's performance, productivity, or achievement, aiming to motivate and reward individual excellence.
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