Patents by Inventor Michelet Michael Smith

Michelet Michael Smith has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Money is time: innovative determination and calculation of paid time off
    Patent number: 8407114
    Abstract: A method to manage employee benefits (100) using a computer (30) in order to reduce employee cost. The method includes establishing an employee cash account (2) on a database (8) for disposing on a medium (31). Benefit hours (4) of the employee are accrued over a period of time to provide earned benefit hours (40). The employee's wage rate (10) during the period of time (6) is multiplied by the earned benefit hours (40) to provide a monetary benefit (12). The monetary benefit (12) is added to the employee cash account (2). When the employee uses the cash account (2), at least a portion of the monetary benefit (12) is subtracted from the employee cash account (12).
    Type: Grant
    Filed: May 29, 2009
    Date of Patent: March 26, 2013
    Inventor: Michelet Michael Smith
  • Money Is Time: Innovative Determination and Calculation of Paid Time Off
    Publication number: 20100106630
    Abstract: A method to manage employee benefits (100) using a computer (30) in order to reduce employee cost. The method includes establishing an employee cash account (2) on a database (8) for disposing on a medium (31). Benefit hours (4) of the employee are accrued over a period of time to provide earned benefit hours (40). The employee's wage rate (10) during the period of time (6) is multiplied by the earned benefit hours (40) to provide a monetary benefit (12). The monetary benefit (12) is added to the employee cash account (2). When the employee uses the cash account (2), at least a portion of the monetary benefit (12) is subtracted from the employee cash account (12).
    Type: Application
    Filed: May 29, 2009
    Publication date: April 29, 2010
    Inventor: Michelet Michael Smith