Common use of Social security contributions Clause in Contracts

Social security contributions. The Executive and the Company shall each pay half of the contributions for any payment made under Sections 5, 7 and 9, which are owed as a matter of law for AHV (Old Age and Survivors’ Insurance), IV (Invalidity Insurance), EO (Loss of Earnings) and ALV (Unemployment Insurance). The Executive’s contributions are deducted by the Company from his gross salary.

Appears in 5 contracts

Samples: Employment Agreement (Partnerre LTD), Employment Agreement (Partnerre LTD), Employment Agreement (Partnerre LTD)

AutoNDA by SimpleDocs

Social security contributions. The Executive and the Company shall each pay half of the contributions for any payment made under Sections 5, 7 and 9, which are owed as a matter of law for AHV (Old Age and Survivors' Insurance), IV (Invalidity Insurance), EO (Loss of Earnings) and ALV (Unemployment Insurance). The Executive’s 's contributions are deducted by the Company from his gross salary.

Appears in 1 contract

Samples: Employment Agreement (Partnerre LTD)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.