Common use of Social contributions Clause in Contracts

Social contributions. The Employee and the Company shall each pay half of the contributions for AVH (Old Age and Survivors' Insurance), IV (Invalidity Insurance), EO (Loss of Earnings) and ALV/AC (Unemployment Insurance). The Employee's contributions are deducted by the Company from his gross salary and possible bonus payment.

Social contributions. The Employee and the Company shall each pay half of the contributions for AVH (Old Age and Survivors' ’ Insurance), IV (Invalidity Insurance), EO (Loss of Earnings) and ALV/AC (Unemployment Insurance). The Employee's ’s contributions are deducted by the Company from his gross salary and possible bonus payment.