Übersetzung für "Karenzentschädigung" in Englisch

Any pension will be set off against the competitive-restriction compensation.

The Federal Labour Court has now resolved this legal issue to the effect that the observance of the binding parts of the prohibition are sufficient for the claim to the agreed compensation for non-competition.

Thus, the compensation for non-competition is neither reduced in accordance with the employee's reduced burden nor does the claim lapse entirely should the employee violate that part of the prohibition that is not covered by a legitimate business interest of the employer.

Furthermore, this also compensates Thomas Ebeling's post-contractual non-competition clause agreed for the period up to and including June 2019, so the Company does not have to pay a separate waiting allowance for this.

For the period from July 1, 2008 to June 30, 2009, Andreas Gaddum obtained a waiting allowance of € 262,500 for the agreed non-competition clause.

If the post-contractual non-competition clause applies, Executive Board members receive a monthly waiting allowance for the duration of the post-contractual non-competition agreement, which in each case amounts to 1/12 of 75% of the annual remuneration amount most recently received.

As part of the termination agreement with Dr. Christian Wegner and Dr. Gunnar Wiedenfels, their respective post-contractual non-competition clauses and associated entitlement to a waiting allowance in relation to their premature termination were canceled.

If this is applied, the Executive Board members receive a monthly waiting allowance for the duration of the post-contractual non-competition clause amounting to 1/12 of 75Â % of their most recent annual compensation.

In addition, the termination agreement stipulates that the post-contractual non-competition clause and the associated provisions regarding the waiting allowance are canceled without replacement.

He will receive the agreed competitive-restriction compensation, which will total € 636,548 for the 12 months following his departure (thus € 106,091 on a pro rata basis for 2015).

In return, the Company pays the Executive Board member compensation for the duration of the non-compete agreement amounting to 100percent of his final fixed salary.

Since the plaintiff had complied with the binding part of the competition restraint, in the opinion of the Federal Labour Court he was entitled to the full amount of the agreed compensation for non-competition.

The competitive-restriction compensation is calculated as 50 percent of the member's latest overall annual compensation (average of the last three years).

If such covenant becomes applicable, the Management Board Members receive compensation amounting to half their annual base salaries for each year of respective application of the non-competition covenant, up to a maximum of two years.

However, the law does not regulate what happens to the claim to compensation for non-competition if a post-contractual competition restraint is partially binding and partially non-binding.

For the purposes of the waiting allowance, annual compensation is defined as the total of the fixed remuneration, performance bonus and any additional multi-year compensation components granted.

As part of the termination agreement with Dr. Gunnar Wiedenfels and Dr. Ralf Schremper, their respective post-contractual non-competition clauses and associated entitlement to a waiting allowance in relation to their premature termination were canceled.

As part of the termination agreement with Thomas Ebeling, it was agreed that the post-contractual non-competition clause applies not for one year but for the period from the termination date at the end of February 22, 2018, to the end of June 30, 2019, and that the waiting allowance is settled by the severance payment.

In practice, therefore, caution is required when agreeing a post-contractual competition restraint: employers should always very carefully consider whether their legitimate business interest in restraining the employee justifies the high price of the compensation for non-competition in the amount of 50% of the last contractually agreed benefits drawn by the employee.