Thread: Furlough pay

  #48  
Gspeed , 07-03-2020 09:03 AM
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Gspeed
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Quote: Using the language "a circumstance over which the Company does not have control" encompasses a force majeure. A force majeure clause, by legal definition, is a clause excusing non-performance due to circumstances beyond the control of the parties.

​​​​​​21.B.9.a, 1.I.1 and 1.I.2 are some relevant ones.
21.B.9.b:

“the circumstance under which the company does not have control shall not include....the state of the economy, the financial state of the company, or the relative profitability or unprofitability of the company’s then-current operations.”
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