Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Employee
A person who works in the service of another person (the employer) under an express or implied contract of hire, under which the employer has the right to control the details of work performance. - Also spelled employe. Cf. AGENT; INDEPENDENT CONTRACTOR.
Employee Retirement Income Security Act
A federal statute that regulates private pension plans and employee benefit plans and that established the Pension Benefit Guaranty Corporation. 29 USCA §§ 1001 et seq. - Abbr. ERISA.
Employee's Withholding Allowance Certificate
See W-4 FORM.
Federal Employees' Compensation Act
A workers'-compensation law for federal employees. 5 USCA §§ 8101-8152 - Abbr. FECA. See WORKERS' COMPENSATION.
admission by employee or agent
See ADMISSION (1).
admission by employee or agent.
An admission made by a party-opponent's agent during employment and concerning a matter either within the scope of the agency or authorized by the party-opponent.
borrowed employee
An employee whose services are, with the employee's consent, lent to another employer who temporarily assumes control over the employee's work. Under the doctrine of respondeat superior, the borrowing employer is vicariously liable for the employee's acts. But the employer may also be entitled to assert immunity under workers'-compensation laws. - Also termed borrowed servant; loaned employee; loaned servant; employee pro hac vice; special employee. See RESPONDEAT SUPERIOR.
employee benefit plan
A written stock-purchase, savings, option, bonus, stock-appreciation, profit-sharing, thrift, incentive, pension, or similar plan solely for employees, officers, and advisers of a company. 0 The term includes an employee-welfare benefit plan, an employeepension benefit plan, or a combination of those two. But the term excludes any plan, fund, or program (other than an apprenticeship or training program) in which no employees are plan participants. - Often shortened to plan. Cf. PENSION PLAN.
employee pro hac vice
See borrowed employee under EMPLOYEE.
employee stock option
See STOCK OPTION (2)
employee-liability exclusion
A provision in some commercial general liability policies, excluding coverage for injury to an employee (or a member of the employee's family), arising from and in the course of employment with the insured. ( This exclusion is generally intended to exclude from coverage all injuries covered by the workers'-compensation laws.
employee-stock-ownership plan
A profitsharing plan designed primarily to give an employee retirement benefits and a stake in the company, but also used to allow employees to purchase their employer company if it is closing. IRC (26 USCA) § 4975(e)(7)(A). -Abbr. ESOP.
executive employee
An employee whose duties include some form of managerial authority and active participation in the control, supervision, and management of the business. -Often shortened to executive.
governmental employee benefit plan.
See governmental plan under EMPLOYEE BENEFIT PLAN.
key-employee insurance
See INSURANCE.
key-employee insurance.
Life insurance taken out by a company on an essential or valuable employee, with the company as beneficiary. - Also termed key-man insurance; key-person insurance; key-executive insurance:
loaned employee
See borrowed employee under EMPLOYEE.
simplified employee pension plan
An individual retirement account or annuity established for an employee and funded by employee contributions and by discretionary contributions from the employer. ( A simplified employee pension plan operates much like a 401(k) plan, in that the employee contributions can be made by deferred compensation and the employer can contribute. But the plan is attractive to small employers because it is much easier to administer than a 401(k) plan and gives the employer complete discretion on whether to make an annual contribution. IRC (26 USCA) § 408(k). -Abbr. SEP.
special employee
See borrowed employee under EMPLOYEE.
statutory employee
Workers' compensation. An employee who is covered, or required to be covered, by the employer's workers'-compensation insurance and who therefore has no independent tort claim against the employer for unintentional injuries suffered on the job. See statutory employer under EMPLOYER.
willful misconduct of employee
The deliberate disregard by an employee of the employer's interests, including its work rules and standards of conduct, justifying a denial of unemployment compensation if the employee is terminated for the misconduct.