Which of the following is NOT one of the three elements that make up a compensation remedy?

The concept of compensation remedies is crucial in understanding how losses are addressed in legal contexts, particularly in cases involving wrongful termination or breaches of contract. The focus here is on identifying the established elements that comprise a compensation remedy.

A basic award is typically used to refer to a fixed sum of money awarded to an employee upon termination, calculated based on their length of service. It is a fundamental component designed to acknowledge the employee's loyalty and the loss of income.

A compensatory award involves compensation for actual losses incurred, such as lost wages, benefits, and even emotional distress due to the loss of employment. This award serves to put the claimant back in the position they would have been in had the wrongdoing not occurred.

An additional award may refer to compensation that goes beyond basic and compensatory awards to encompass other factors such as future loss of earnings or expenses related to finding new employment.

On the other hand, a punitive award is not part of the compensation remedy framework. Instead, it is intended as a punitive measure aimed at punishing the wrongdoer and deterring similar conduct in the future. Unlike compensatory awards, which aim to rectitude the financial impact of a loss, punitive damages focus on the behavior of the wrongdoer rather than the losses suffered