WATERMAN, Robert H., Jr. creator text 1994 monographic Spells out new obligations of employer and employee to keep workers employable. A new covenant, under which the employer and the employee share responsibility for maintaining - even enhancing - the individual's employability inside and outside the company, replaces the longtime covenent where companies offered at least a measure of job security in exchange for adequate performance and some exhibition of loyalty. 3/7/00 M2LMGR