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Beiträge zum Stichwort ‘employment agreement’
No need to specify amount of bonus payments in German employment agreements
Amounts of bonus payments need not be finally specified in the employment agreement. However, employers, who reserve the right to determine the amount at their equitable discretion, open up the possibility of a judicial review and determination of the bonus amount. […]
Important change in legislation affecting German employment agreements as of October 2016
Text form to replace written form Employment agreements concluded as of 01 October 2016 may no longer require certain unilateral statements to be made in written form – which was common practice until now – but can only prescribe text form. […]