Daily Archives: April 4, 2022

Term of Agreement Automatic Renewal

An over-tenancy option that would extend the term of the over-tenancy to include at least the renewal term. Therefore, within 90 days of the date the landlord receives a timely renewal notice, the landlord must inform the tenant in writing whether the duration of the sublease (as it may have been extended) expires at or after the expiry of…

Ten Subject Verb Agreement

Rule 2. Two singular subjects related by or, either/or, require a singular verb. Oil and gas are a popular heating choice. Peanut butter combined with bread and jelly is a delicious snack. (Here, peanut butter, bread and jelly are a unit, a sandwich, so no comma is needed and we keep the singular verb.) “None” takes a singular verb…

Tax Treatment of Employee Compensation on Termination of Employment

An amount equal to at least 6% of the employee`s compensation for the plan year or double the salary reduction contributions of each eligible employee, whichever is lower. Under the substitution principle, compensation received as compensation for another amount takes on the character of the amount it replaces (FCT v. Dixon (1952) CLR 86,540). That is, a compensatory payment,…