Employee Discount Law and Legal Definition
Employee discount means the discount given in the original price of the goods or services by the company to their employees. Generally an employee discount is given as one of the fringe benefits.
The term "employee discount" is defined under 26 USCS § 132 (c) (3) as the amount by which:
(A) the price at which the property or services are provided by the employer to an employee for use by such employee, is less than
(B) the price at which such property or services are being offered by the employer to customers.
Legal Definition list
- Employee Contribution (Health Care)
- Employee Compensation
- Employee Benefits Security Administration
- Employee Benefits Plan Liability Coverage
- Employee Benefits
- Employee Discount
- Employee Dishonesty Coverage
- Employee Dismissal
- Employee Employed in a Bona Fide Administrative Capacity
- Employee Handbook
- Employee Hiring
