payment in lieu


Also found in: Acronyms.
References in periodicals archive ?
His service contract provides for a 12 months notice period and for payment in lieu of notice.
By far the most common of wrongful dismissal is when an employee is dismissed without notice or a payment in lieu of notice.
It is not possible to make a payment in lieu of annual holidays, however; as a temporary measure to assist employers manage transitional arrangements, between October 1, 2007 and April 1, 2009, employers will be able to make a payment in lieu of the extra 0.
The payment in lieu of taxes (PILOT) agreement provides for an escalation in the payments that is tied to any increase in the national Consumer Price Index (CPI).
Farley Realty distinguished Dorzback, because of the difference between a payment in lieu of fixed interest and true participation in an appreciation of property.
That is, they must agree to participate knowing that they will receive a cash payment in lieu of traditional services if assigned to the treatment group, but that only half of all participants will be assigned to the treatment group.
What can an employee do if dismissed without notice or payment in lieu of notice?
That consists of that a payment in lieu of taxes for 16 years following the issuance of the building permit.
The World Trade Center already has lower real estate taxes, as it makes a payment in lieu of taxes (PILOT), but is expected to have its tenants benefit from certain components of the plan, such as occupancy tax reductions.