Examlex
How are MRP and ERP similar? How do they differ?
Individualized Contracts
Contracts that are specifically tailored to the unique needs and circumstances of the parties involved, often requiring extensive negotiation.
Severance Pay
Compensation paid to an employee upon termination of employment, often based on length of service.
Reasonable Notice
The adequate period of time that must be given prior to taking certain legal actions, such as terminating employment or altering contractual terms.
Profit Sharing
A compensation structure where employees receive a share of the company's profits, often as a form of incentive or reward.
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