Common use of Economic Compensation Clause in Contracts

Economic Compensation. 10.1 In the event that the Contract is terminated in any of the following cases, Party A shall, according to the years that Party B works with Party A and the 12-month average salary of Party B prior to the termination of the Contract, pay economic compensations to Party B at the rate of one-month average salary for each year and the period less than one year will also be deemed as one year, and no more than 12 months at most:

Appears in 5 contracts

Samples: Labor Contract (Intra Asia Entertainment Corp), Labor Contract (Intra Asia Entertainment Corp), Labor Contract (Intra Asia Entertainment Corp)

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