Term of Contract and Termination. Notice of six (6) months to terminate the contract of employment can be given by either party to take effect as of the end of a calendar month. The Employer has the right to release the Employee from work in the case of a termination, by either party, until the end of the notice period, continuing any contractual payments. The employment contract ends without the need for notice, no later than the end of the month in which the employee reaches the legal retirement age (currently age 65). It also ends with the day on which the worker receives an early retirement pension or a full pension for disability.
Appears in 2 contracts
Sources: Employment Agreement (Orthofix International N V), Employment Contract (Orthofix International N V)