Common use of Severance Indemnity Clause in Contracts

Severance Indemnity. Any employee with employment security affected by the provisions of the present article may, at any moment in the process provided in the present article, choose not to exercise her/his rights and to resign. In this case, she/he will benefit from a severance indemnity equivalent to one (1) month of salary per year of seniority up to a maximum of twelve (12) months.