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| | 0.11.7: The Carrot-And-Stick Approach: The Employment Agreement - Encyclopedia - Library - VC Experts |
 | | Employment for a fixed term, on the other hand, makes it easier for the employee to be fired the longer he is with the company and thus fails to give the employee a fixed level of protection. |
 | | Employment agreements, because they are not specifically enforceable in the sense of requiring the parties to remain married, become interesting when they fall into Shepherd's latter category: What to do in the case of breach. |
 | | Thus, if an employment contract were to provide that, upon the early termination of a given employee, damages in the millions of dollars would be payable by the firm, that employee, in effect, would enjoy an insured lifetime position because he would be too expensive to fire. |
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