Cancel date in the Incentive Agreement

Aug 6th, 2022
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How to cancel date in the Incentive Agreement

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Todays video shares a current scenario that was described to me recently and that scenario ended with this question: Does missing the contract date kill the contract? The scenario it is a Seller financed transaction (so theres no lender approval issues), but the Buyer had to ask for an extension because he needed more time to gather his down payment funds. This extension was granted and an amendment was signed. Then the day before the amended closing date, the title company called to say that the closing would be delayed one more day because the partial release of lien that the title company needed would not be ready until the day after closing. When the Buyer was told that the extending closing would be delayed one more day, the Buyer said he was too busy to close on that date and now could not close for another month. The seller refused to extend for an additional month. No termination of contract has been sent up to this point, but the listing agent has put the listing back as a

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OVERVIEW. Hiring incentives allow hiring managers to entice high-quality candidates where they are having trouble hiring or keeping current employees. Each of these hiring incentives has specific requirements and procedures that need to be followed.
A recruitment incentive is an incentive an agency may pay to a newly appointed employee if the agency has determined that the position is likely to be difficult to fill in the absence of such an incentive.
Agencies may pay a recruitment or relocation incentive to an eligible individual who is appointed to one of the following categories of positions: General Schedule (GS); senior-level or scientific or professional (SL/ST); Senior Executive Service (SES); Federal Bureau of Investigation and Drug Enforcement
A recruitment incentive may not exceed 25 percent of the employees annual rate of basic pay in effect at the beginning of the service period multiplied by the number of years (including fractions of a year) in the service period (not to exceed 4 years).
Recruitment bonus: New hires may receive up to 25 percent of the rate of basic pay. Relocation bonus: VA employees who temporarily or permanently relocate to a different commuting area, without a break in service, may receive up to 25 percent of the rate of basic pay.
Per IRS policy, non-management employees in the GS-11 through 15 grades can be offered a recruitment incentive of up to 15 percent of their basic pay, GS 5 through 9 employees can receive up to $5,000, and employees in the management pay bands can receive up to 25 percent of their basic pay.
RECRUITMENT INCENTIVES Recruitment bonus: New hires may receive up to 25 percent of the rate of basic pay. Relocation bonus: VA employees who temporarily or permanently relocate to a different commuting area, without a break in service, may receive up to 25 percent of the rate of basic pay.

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