When shares are traded ex rights, the buyer does not have the right to purchase shares of a new stock issue. This occurs after the value of the subscription privilege has been subtracted. It is abbreviated as X or XR and also referred to as rights off.
Rights off refers to the trading of shares without the accompanying right to purchase shares of a new stock issue. This means that the value of the subscription privilege has been deducted, leaving the purchaser with no entitlement to buy new shares. For example, when a company issues new shares, existing shareholders may be given the opportunity to buy these shares before they are offered to the public, known as a subscription privilege. If a shareholder chooses not to exercise this right, they can sell their shares to another party. However, the buyer of these shares will not have the right to purchase the new shares and is essentially buying the shares “rights off”. This demonstrates how shares can be traded without the associated right to buy new shares, leaving the buyer with only the existing shares and no subscription privilege.
No, it is illegal for an employer to terminate your employment solely based on exercising your rights off. However, there may be other valid reasons for termination unrelated to your rights off.
Your rights off refer to the legal protections you have when taking time off from work for various reasons, such as medical leave, family leave, military service, jury duty, or voting.
Your employer can deny your request for time off if it does not fall under a legally protected category, or if granting the time off would cause undue hardship to the business. However, they must provide a valid reason for the denial.
It depends on the specific circumstances and the laws in your jurisdiction. Some types of time off, such as medical leave under the Family and Medical Leave Act (FMLA), may be unpaid, while others, like vacation or sick leave, may be paid.
No, it is illegal for an employer to retaliate against you for exercising your rights off. Retaliation can include actions such as demotion, reduction in pay, or harassment.
The notice required for time off varies depending on the reason and the applicable laws or company policies. It is best to consult your employment contract or employee handbook for specific guidelines.
Yes, in many cases, employers have the right to request documentation or proof for time off, especially for medical leave or family leave. However, they must follow the legal requirements and respect your privacy rights.
It depends on your employment contract and company policies. Some employers may offer personal leave or allow you to use vacation or paid time off for personal reasons not covered by specific laws.
Employers have the right to deny time off requests if granting them would cause significant disruption to the business operations. However, they should consider alternative solutions or accommodations whenever possible.
If you believe your rights off have been violated, you should consult with an employment lawyer to understand your legal options. They can guide you through the process of filing a complaint or pursuing legal action if necessary.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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