Examlex
Explain "irrational escalation of commitment."
Vesting Rights
The process by which an employee accrues non-forfeitable rights over employer-provided stock incentives or pension plans contributions after a period of time.
Pension Benefits
Financial payments made to individuals after retirement, based on their previous employment’s duration and earnings.
Fair Labor Standards Act
A US federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers.
Minimum Wage
The lowest legal hourly pay for workers, as mandated by government regulation, intended to ensure a basic standard of living for employees.
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