Accumulated Time Off Pay System Upheld

Tuesday, November 16, 2004
In an unpublished decision, the U.S. Court of Appeals for the Fifth Circuit upheld the validity of the accumulated time off (ATO) pay system. In the instant case, the employment contract provided that the maritime employee worked for 30 days and was then off work for 15 or 30 days. Part of his pay was deferred so that he was paid during time he was not working.

Plaintiff sued his maritime employer, alleging that he was entitled to interest on deferred wages or that his wages should not have been deferred. The court held the ATO pay system is well-recognized, that plaintiff signed an employment contract acknowledging the system, and that plaintiff had on various occasions withdrawn monies early from his deferment account as permitted under the ATO pay system. Craven v. Canal Barge Company, Inc., No. 04-30379 (5th Cir. - HK Law).

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1165 sec (9 req/sec)