Bankruptcy Act. 1. Employees employed by the insolvent company may terminate the employment contract by giving notice and, reciprocally, the insolvency practitioner can terminate the employment contract by giving notice to the employees, subject to the agreed or statutory notice periods, on the understanding that the employment contract can in any case be terminated with a notice period of six weeks. 2. From the day of the liquidation order, the wages and the premium debts associated with the employment contract are estate debts. 3. This section applies mutatis mutandis to agency contracts.
Appears in 8 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Bankruptcy Act. 1. Employees employed by the insolvent company may terminate the employment contract by giving notice and, reciprocally, the insolvency practitioner can terminate the employment contract by giving notice to the employees, subject to the agreed or statutory notice periods, on the understanding that the employment contract can in any case be terminated with a notice period of six weeks.
2. From the day of the liquidation order, the wages and the premium debts associated with the employment contract are estate debts.
3. This section applies mutatis mutandis to agency contracts.employment
Appears in 1 contract
Samples: Collective Agreement
