- = contract of employment; = contract of service; = service agreementAn employment contract between an employer and employee, usually a senior employee, such as a director, executive manager, etc. Service contracts must be kept at the registered office of a company and be open to inspection by members of the company. The Companies Acts (1980 and 1985) prohibit service contracts that give an employee guaranteed employment for more than five years, without the company having an opportunity to break the employment as and when it needs to. This measure prevents directors with long service agreements from suing companies for loss of office in the event of a takeover or reorganization.
Accounting dictionary. 2014.
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service contract — ➔ contract1 * * * service contract UK US noun [C] ► HR a formal agreement between a company and an employee in a high position about their pay and conditions of employment (= rules under which they are employed): »The company has reduced service… … Financial and business terms
service contract — An agreement between a company and its directors or senior managers setting out their terms of service, in particular the minimum term and notice period. It differs from the normal conditions of employment in that it is more detailed and includes … Law dictionary
service contract — UK / US noun [countable] Word forms service contract : singular service contract plural service contracts business 1) a contract with a company to keep equipment working correctly, at an agreed price during a fixed period of time 2) British a… … English dictionary
service contract — / sɜ:vɪs ˌkɒntrækt/ noun a contract between a company and a director showing all conditions of work ● He worked unofficially with no service contract … Dictionary of banking and finance
service contract — service agreement An employment contract between an employer and employee, usually a senior employee, such as a director, executive manager, etc. Service contracts must be kept at the registered office of a company and be open to inspection by… … Big dictionary of business and management
service contract — HR a contract of employment for executive directors which lays down the conditions of employment and details of any bonus which may be paid, and outlines the procedure for termination of service … The ultimate business dictionary
service contract — noun a contract for maintenance services • Hypernyms: ↑contract … Useful english dictionary
service contract — A written agreement to perform maintenance or repair (or both) service on a consumer product for a specified duration. 15 U.S.C.A. No. 2301. See warranty (extended service warranty) … Black's law dictionary
service contract — A contract whereby one of the parties undertakes to perform services for the other … Ballentine's law dictionary
Service contract — Договор на обслуживание … Краткий толковый словарь по полиграфии