The yield-to-maturity (YTM) of a bond is another way of considering a bondâs price. YTM is the total return anticipated on a bond if the bond is held until the end of its lifetime. Yield to maturity is considered a long-term bond yield, but is expressed as an annual rate.
Getting paid instead of taking holidays. The only time someone can get paid in place of taking statutory leave (known as âpayment in lieuâ) is when they leave their job. Employers must pay for untaken statutory leave (even if the worker is dismissed for gross misconduct). If an employer offers more than 5.6 weeksâ annual leave, they can agree separate arrangements for the extra leave.
Companies are generally not required to compensate employees for leaves due to military service, but must grant a maximum of 14 days a year for such duty. The employee is not required to use his or her vacation or paid time off for days required for service. Bereavement leave. Companies may grant paid time off for employees bereaved by the death of an immediate family member or a close relative.