Time Off In Lieu: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Time Off In Lieu

  • leave given to compensate an employee for additional hours worked. Time off in lieu is often given instead of a payment for overtime.
  • Abbr. TOIL

Additional Resources

Is time money? Congress mulls labor-law revisions - private employer compensation of hourly workers
WASHINGTON -- Foodservice operators around the country may soon be able to offer their employees who have worked more than 40 hours in a week paid time off in lieu of cash.
Tags: compensation, U.S. Congress, worker
Research articles 1997-03-10
ConocoPhillips Has No Plans for GTL for the Moment
ConocoPhillips has no plans to get into the gas-to-liquids GTL business any time soon as it does not see a clear business case for GTL in lieu of other mainstream options, a senior company official told delegates at Chemical Week's Monetizing Natural G ConocoPhillips has no plans to get into...
Tags: ConocoPhillips Co.
Research articles 2007-01-15
In Congress, a stalemate between employers and organized labor.
In Congress, a stalemate between employers and organized labor. Unions will thwart bills that would allow employers to give comp time in lieu of overtime pay, set up labor-management teams in the workplace and reform Occupational Safety and Health Ad In Congress, a stalemate between employers...
Tags: U.S. Congress
Research articles 1997-11-28
Potential Benefits of Utilizing Fuel Cell Auxiliary Power Units in Lieu of Heavy-Duty Truck Engine Idling
Truck manufacturers and vehicle component manufacturer are exploring using fuel cell auxiliary units APUs in lieu of main engine idling. While fuel cell power trains continue to face significant technical and economic barriers, the truck auxiliary power application may offer a viable near-term market for small (1-5kW) fuel cells. The...
Tags: Fuel Cells, Emerging Technologies, University Of California, Benefit, Fuel Cell
White papers 2005-02-11
A Day at the Raises
In collective bargaining as in budget deliberations, the HR staff and the county manager need to carry around little plastic icons of the payroll gods to remind them of what is realistic and what makes sense. In lieu of retroactivity, consider a flat one-time increase. Instead of promising to implement...
Tags: Finance, Operational Accounting, Payroll
White papers 2001-11-26
StockerYale Adjourns Special Meeting in Lieu of Annual Meeting of Shareholders Until May 23, 2008
SALEM, N.H. -- StockerYale, Inc. (NASDAQ: STKR), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industrial OEMs, medical and defense markets, today announced that it has adjourned the special meeting of its shareholders held today, without conducting any business, to provide StockerYale...
Tags: shareholder
Research articles 2008-05-20
Synbiotics Corporation Obtains Shareholder Approval To Go Private
SAN DIEGO -- Synbiotics Corporation (Pink Sheets:SBIO) today announced that its shareholders have approved Synbiotics' previously announced transaction to "go private." Specifically, the shareholders approved a 1-for-2,000 reverse split of its common stock, with a payment in lieu of issuing fractional shares, followed by a 2,000-for-1 forward split of its...
Tags: shareholder, split
Research articles 2005-10-20
The Boston Globe Upgrade Column.(Knight Ridder/Tribune Business News)
Dec. 23--IT'S A DUBIOUS CHRISTMAS TRADITION -- the holiday letter, sent in lieu of a Christmas card. Six laser-printed pages, telling you far more than you ever wanted to know about the spouse, the kids, the dog, the goldfish. Dec. 23--IT'S A DUBIOUS CHRISTMAS...
Tags: Boston Globe
Research articles 1999-12-22
SEC regulator suggests forfeiting 'collegiality' or face 'co-defendant'
When board members and managers need answers to questions, they should forfeit "collegiality" in lieu of the prospects of another "C" word -co-defendant -according to Hal Degenhart, a district administrator for the securities and ExchaWhen board members and managers need answers to questions, they should forfeit "collegiality" in lieu of...
Tags: SEC
Research articles 2005-01-01
SEC REGULATOR SUGGESTS FORFEITING 'COLLEGIALITY' OR FACE 'CO- DEFENDANT'
When board members and managers need answers to questions, they should forfeit "collegiality" in lieu of the prospects of another "C" word--co-defendant--according to Hal Degenhart, a district administrator for the Securities and Ex When board members and managers need answers to questions, they should forfeit "collegiality" in lieu...
Tags: SEC
Research articles 2004-12-13
Fidelity plans to rebate tax overage; Margin customers to recoup dividend rate differential.(News)
Byline: Brooke Southall Fidelity Investments plans, after all, to cover the additional tax burden of customers who get squeezed by a new rule that blindsided them. This means that customers who receive payments in lieu of dividends...
Tags: dividend, Fidelity Investments, payment, tax
Research articles 2004-03-08
In brief.(News)(Fireman's Fund Insurance Co. appoints Joseph J. Beneducci)(Federal Trade Commission issues advertising regulations)(James Douglas signs legislation for reinsurance)
High court permits pension termination An employer can terminate its pension plans even if the union representing the company's employees offers-in lieu of termination-to merge the corporate plans with a multiemployer plan covering union-represent High court permits pension termination An...
Tags: advertisement, company, FTC, pension plan, reinsurance
Research articles 2007-06-18
Fund industry awaits simplified prospectus; Concerns about liability, updating abound.(News)
Byline: Lisa Shidler CHICAGO - Industry leaders eagerly are awaiting a proposal that would allow mutual funds to provide a two-page prospectus in lieu of the lengthy one now required, a concept that could save millions of dollars in costs. ...
Tags: fund company, industry, investor, mutual fund, prospectus, SEC
Research articles 2007-05-07
It's About Time
"Time"& We spend Time. We bide Time. We waste Time and lose Time. There is a Time to weep and a Time to laugh; a Time for talk and a Time for song. And whether we like it or not, Time marches on. Try though we might, we cannot slow...
Tags: Song, ExpertArticles.com
White papers 2007-01-17
First Union Announces Fair Market Value of Imperial Parking Corporation Common Stock and Special Meeting of Shareholders in Lieu of Annual Meeting
Business Editors
Tags: First Union, shareholder, stock
Research articles 2000-04-12
Time In Relation To Teachers
The author hates to be the one to inform you, but Father Time has caught up with you. The first time you set foot in this school you found out real fast that you would not just be killing time and you would have plenty of time to do all...
Tags: Principal, IKnowNow
White papers 2007-10-21
QVC PLANS 'SPECTACULAR' SPRING SHOE SALES EVENT.(QVC to provide footwear advertising segment)(Brief Article)
NEW YORK -- QVC is hoping that millions of avid shoe shoppers will forgo the mall in lieu of their TVs later this week, as the home-shopping network readies to offer its biggest -- and longest -- footwear-dedicated segment. ...
Tags: advertisement, QVC, sales
Research articles 2003-02-24
Bayer TDI plant likely in US as investments pick up speed.(toluene diisocyanate)
Bayer Corporation is progressing rapidly with its $9 billion US capital and R&D investment plan spanning 1995 to 2000 announced last year (CMR, 4/7/97, pg. 1), with a likely building of TDI capacity at its Baytown, Tex., site in lieu of parent co Bayer Corporation is...
Tags: Bayer AG
Research articles 1998-03-23
SSA: alternative signatures.(Social Security Administration)(Brief Article)
SSA: Alternative signatures. In order to facilitate electronic applications, the Social Security Administration will start permitting attestations in lieu of pen-and-ink signatures. The attestations are by SSA ... SSA: Alternative signatures. In order to facilitate electronic applications, the Social Security Administration will start...
Tags: attestation, Social Security Administration
Research articles 2004-05-07
Northwest gets OK to use affiliate stock for funding pension.(News)
Byline: JERRY GEISEL WASHINGTON-Northwest Airlines Inc.'s plan to contribute stock of a regional affiliate airline to its three underfunded pension plans in lieu of cash has been approved by the Labor Department. The approval of an exemption to Byline: JERRY...
Tags: pension plan, Pinnacle Airlines Corp., stock, U.S. Department of Labor
Research articles 2003-08-25
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