Common use of Transition Payment Clause in Contracts

Transition Payment. ▪ Did the employer invest in improving the employee's labour market position during the term of the employment contract, such as by paying for retraining to another job? In that case, the employer can deduct the investment from the transition payment. It may only do so if the conditions of the Transition Payment Cost Deduction (Conditions) Decree are met. ▪ It may only do so if the conditions of the Transition Payment Cost Deduction (Conditions) Decree are met.

Transition Payment. ▪ Did the employer invest in improving the employee's labour market position during the term of the employment contract, such as by paying for retraining to another job? In that case, the employer can deduct the investment from the transition payment. It may only do so if the conditions of the Transition Payment Cost Deduction (Conditions) Decree are met. ▪ It The employer may only do so if not deduct the conditions of amount it has paid for the Transition Payment Cost Deduction (Conditions) Decree are metemployee's individual budget from the transition payment.