HOLLYWOOD STOCK EXCHANGE
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THE ENTERTAINMENT MARKET
THR: Sinclair anchors who quit must immediately pay liquidated damages in an amount equal to 40 percent of employee's annual compensation
According to the contract, a Sinclair employee who voluntarily terminates his or her contract must immediately pay liquidated damages in an amount equal to 40 percent of employee's then annual compensation multiplied by a "percentage equal to the greater of (a) twenty-five percent, or (b) the percentage of the current contract year remaining after such termination."
THR: Sinclair anchors who quit must immediately pay liquidated damages in an amount equal to 40 percent of employee's annual compensation Apr 03, 13:26