Examlex
During annual inventory week,a department store may ask its employees to work 12 hours a day instead of the usual 8.During tax-preparation time,the store's accounting department may imitate this same change in work hours.Although accounting employees are in a different department from stockroom and sales employees,it's expected they wouldn't be terribly upset by the temporary change in hours since they've seen it in effect elsewhere in the store.This is an example of innovative change.
Contract
A legally enforceable pact made between two or more entities, binding them in agreement.
Punitive Damages
Compensation awarded in a lawsuit that exceeds simple restitution and is intended to punish the defendant for wrongdoing and deter future similar acts.
Arbitrator's Award
The decision or outcome given by an arbitrator, who is a neutral third party, at the conclusion of an arbitration proceeding.
Authority
The power or right given to an individual or body to make decisions, enforce rules, or govern.
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