Compensation on Business Closure Decree
in forceSmall employers: retirement, death, illness
In this Decree, the following definitions apply:
The redundancy of positions as a result of the termination of the activities of the enterprise, as referred to in Article 673e, paragraph 1, preamble…
The compensation in respect of retirement or the compensation in respect of death shall be provided if the employer employed an average of fewer than…
The compensation in respect of retirement or death shall be provided if, at the time of the filing of the petition for the authorisation or the…
Compensation due to retirement shall be provided if a natural person as referred to in Article 4 has reached the age referred to in Article 7, part…
Compensation on account of death shall be granted if a natural person as referred to in Article 4 has died and a petition for the consent referred to…
Compensation shall be provided for payments which the employer has made on or after 1 January 2021 in connection with the termination or…
Compensation in connection with retirement shall not be provided if, in connection with the retirement of the natural person referred to in Article…
This decree shall enter into force with effect from 1 January 2021.
This decree shall be cited as: Decree on compensation for transition payment upon termination of the activities of the enterprise.