Power of Attorney
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Frequently
Asked
Questions
What is a Power of Attorney?
A Power of Attorney is a document that grants authority to another person to act on the employee’s behalf in specific matters, such as managing payroll, signing company documents, etc.
What is meant by Attorney-in-Fact?
An Attorney-in-Fact is the person authorized to act on the employee’s behalf in certain matters as specified in the Power of Attorney.
What authorities are granted to the Attorney-in-Fact?
The authorities granted may include actions like managing payroll, signing company documents, and other specific duties outlined in the Power of Attorney agreement.
How long is the Power of Attorney valid?
This Power of Attorney remains in effect until a specified end date or until certain conditions for termination are met.
What does Revocation mean in a Power of Attorney?
Revocation refers to the process of canceling or withdrawing the Power of Attorney by the employee, which can be done at any time by providing written notice to the Attorney-in-Fact and the company.
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