A Contractual Provision Which States That a Waiver of Rights

question 22

Multiple Choice

A contractual provision which states that a waiver of rights will not constitute a modification to the contract is:

• A) not enforceable as being in bad faith.
• B) not enforceable as a violation of law.
• C) enforceable by one party only.
• D) enforceable.

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Definitions:

Group Performance Pay Plan

A compensation plan where a group of employees receives bonuses or pay based on the collective performance of the group.

Gain Sharing

A performance-based compensation strategy that rewards employees for contributing to their company's profitability through increased efficiency and productivity.

Profit Sharing

A company program in which employees receive a portion of the enterprise's profits, usually in addition to their regular compensation.

Organizational Performance Linkage

The connection between individual, team, or departmental performance and the overall success of an organization.