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Liquidated damages |
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Liquidated damages The amount payable for delays and sub-standard performance under a construction, equipment supply, or Operations & Maintenance contract. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In addition to the back wages, the owners of JBL Cal Apparel, Louis and Raymond Wang, also must pay another $59,787 in liquidated damages. The thing that is of major concern to us is that if owners [are covered] for liquidated damages in their contracts and our schedules are delayed, we'll have to strongly consider potential lawsuits against the TWU. The ruling did not address the employment tax treatment of liquidated damages paid by an employer to an employee as part of a settlement (traditionally treated as nonwage payments). |
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