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Businesses commonly use restrictive covenants, such as "for deposit only," to ensure that the bank is instructed to deposit each cheque endorsed in a like manner into a particular account.
Topping Out
A construction milestone where the last beam is placed atop a structure during its erection.
Reward System
A mechanism for providing incentives or compensation in recognition of achievements, behavior, or performance.
Profit-Sharing Programs
Profit-sharing programs are incentive schemes wherein employees receive a share of the company's profits, usually based on the company's earnings over a specified period.
Flexible-Benefit Plans
Employee benefit programs that allow individuals to choose from a variety of pre-tax benefits according to their personal needs and situations.
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