GENERAL RULES CONCERNING THE TERMINATION OF A CONTRACT OF EMPLOYMENT Sample Clauses

GENERAL RULES CONCERNING THE TERMINATION OF A CONTRACT OF EMPLOYMENT. 2 § Termination periods When terminating an employee’s contract of employment, the employer must abide by the following termination periods, unless longer termina- tion periods have been agreed upon or other arrangements are agreed upon at the time of the termination: Employment has continued uninterrupted for Notice period Maximum of one year 2 weeks More than a year but a maximum of four years 1 month More than four years but a maximum of eight years 2 months More than eight years but a maximum of 12 years 4 months Over 12 years 6 months When terminating a contract of employment, the employee must abide by the following termination periods, unless longer termination periods have been agreed upon, or other arrangements are agreed at the time of the termination: Employment has continued uninterrupted for Notice period Maximum of five years 2 weeks Over five years 1 month This rule concerning notice periods applies to new employment contracts that begin after 1 January 2008.
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Related to GENERAL RULES CONCERNING THE TERMINATION OF A CONTRACT OF EMPLOYMENT

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Not a Contract of Employment This Agreement shall not be deemed to constitute a contract of employment between the parties hereto, nor shall any provision hereof restrict the right of the Bank to discharge the Executive, or restrict the right of the Executive to terminate employment.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Agreement Not a Contract of Employment Neither the grant of the Restricted Stock Units, this Agreement nor any other action taken in connection herewith shall constitute or be evidence of any agreement or understanding, express or implied, that the Grantee is an employee of the Company or any subsidiary of the Company.

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • Cooperation With Company After Termination of Employment Following termination of Executive’s employment for any reason, Executive shall fully cooperate with the Company in all matters relating to the winding up of Executive’s pending work including, but not limited to, any litigation in which the Company is involved, and the orderly transfer of any such pending work to such other employees as may be designated by the Company.

  • Termination of Employment Relationship 3.1 The Executive’s employment with the Company shall automatically terminate, and the Employment Term shall thereupon terminate:

  • TERMINATION OF EMPLOYMENT CONTRACT A. This Contract shall terminate, the Superintendent's employment will cease, and no compensation shall thereafter be paid, under any one of the following circumstances:

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