AVRAG definition

AVRAG the Austrian Work Contracts Law Adjustment Act [Arbeitsvertragsrechts-Anpassungs- gesetz] as amended from time to time.
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AVRAG means the Austrian Employment Contract Adjustment Code (Arbeits-vertrags-Anpassungsgesetz), as amended. “ [**] Acquisition” means the acquisition of certain assets and certain liabilities of [**] pertaining to its [**] (which shall include the acquisition of its [**] intellectual property or the grant of licences thereto) pursuant to the terms and conditions of a certain asset purchase agreement which may be entered into by Seller or one of its Subsidiaries and [**].
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Examples of AVRAG in a sentence

  • As a consequence, the employment relationships between the Austrian Seller and the Austrian Employees To Be Transferred By Law will transfer to Buyer by operation of law on the Closing Date, except for the employment relationships with those Austrian Employees To Be Transferred By Law who object to the transfer of their employment relationship pursuant to Section 3(4) AVRAG (the “Austrian Employees Transferred By Law”).

  • The Acquiring Company succeeds in all existing employment contracts with Employees who are subject to the transfer pursuant to the provisions of the Austrian Labour Con- tracts-Adjustments Act (Arbeitsvertragsrechts-Anpassungsgesetzes AVRAG).

  • The total monthly base salary in the amount of (USD 45,000) EUR 41,782.73 gross includes the monthly basic salary, which is shown at the amount of EUR 5,684.00 (current minimum according to the applicable CBA) gross pursuant to § 2 (2) (9) AVRAG.