MANAGEMENT

Detailed explanation-1: -Fringe benefits not required by law Stock options. Disability insurance. Paid holidays. Education reduction.

Detailed explanation-2: -fringe benefit, any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by employers. It may be required by law, granted unilaterally by employers, or obtained through collective bargaining.

Detailed explanation-3: -1) For the purposes of this Chapter, “fringe benefits” means any consideration for employment provided by way of-(a) any privilege, service, facility or amenity, directly or indirectly, provided by an employer, whether by way of reimbursement or otherwise81, to his employees (including former employee or employees);