17 Guam Code Ann. § 16117
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Terms Used In 17 Guam Code Ann. § 16117
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
e University of Guam, established under this Chapter, shall be a successor to the presently existing University of Guam. All employees of the presently existing University of Guam shall be transferred to the University of Guam, a public corporation established under this Chapter.
Any person accepting employment under this Section will receive not less than the straight time rate of compensation he was receiving immediately before the transfer date. The other employment benefits and rights, including retirement and leave, of such transferred employees shall be governed under Sections
16112, 16113, 16115 and 16116 of this Chapter.
SOURCE: § 11840.1, as added by P.L. 14-71, as R/R by P.L. 19-40:1.
Any person accepting employment under this Section will receive not less than the straight time rate of compensation he was receiving immediately before the transfer date. The other employment benefits and rights, including retirement and leave, of such transferred employees shall be governed under Sections
16112, 16113, 16115 and 16116 of this Chapter.
SOURCE: § 11840.1, as added by P.L. 14-71, as R/R by P.L. 19-40:1.