Definition Calendar Month Contract

This seems clear and not too hard to interpret or include in an employment contract.

Definition calendar month contract. A period from a specified day in one month to the day numerically corresponding to that day in the following month less one. A calendar spread is a trading strategy for futures and options to minimize risk and cost by buying two contracts or options with the same strike price and different delivery dates. Provided however that with respect to any obligation that was incurred or.

Copyright harpercollins publishers. Section 37 1 c i of the basic conditions of employment act no. In the context of the contract as a whole the court held that this distinctive meaning of calendar month indicated that notice would only be effective from the first of the month running to the end of the same month.

A calendar month need not necessarily run from the beginning of a month. 75 of 1997 bcea stipulates the minimum notice period that an employee who has been employed for one year or more as four weeks. However sometimes employers use the word month while others.

Calendar day calendar quarter calendar week calendar year. Calendar month means any of the twelve 12 calendar months of the year. A calendar month is the period from a particular date in one month to the same date in the next month for example from april 4th to may 4th.

Generally when the word month is used in the context of a legal deadline it means a calendar month. In ascertaining a certain number of calendar months the civil method of computation is used. A calendar month is therefore not a fixed number of days but varies according to the actual month concerned.

The first day of the period is included and the last day excluded.