Examlex
Using a discount rate of 10 percent, the present value of a $2,500 benefit received 5 years from now is $1,552.30.
Agency Shop
A workplace where employees must pay union fees even if they are not union members, as long as a union is the recognized bargaining agent for the workplace.
Union Members
Individuals who belong to a labor union, which represents their interests in negotiations with employers over wages, benefits, and working conditions.
Production Union
A labor organization whose members are involved in the actual manufacturing or production process of goods.
NLRB Approval
Endorsement or sanction given by the National Labor Relations Board, an agency that enforces US labor law in relation to collective bargaining and unfair labor practices.
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