Uitspraak
RECHTBANK AMSTERDAM
1.De procedure
2.De feiten
Termination of this agreement is possible according to the legal period. Also, in the event that this Agreement, is terminated by the Employer, the Employer will pay the Employee compensation in the amount of the equivalent of the Employee’s remuneration for the period of 12 (twelve) months.”
(…) Because of this change in compensation structure your bonus is included in your monthly amount so you will not receive an additional annual bonus in the future and because you will have been paid a severance of $600,000 there will be no additional severance payments made to you if you must leave your job at some future date.”
1) In the event of a change in the Management Board of the Employer, or a change of the control of the Employer/or dissolution of Stichting Administratiekantoor Yukos International, The Agreement is considered to be terminated by the Employer as of the date of such change, and the provisions of Clause 16 of the Agreement(punt 16 van de arbeidsovereenkomst, vzr.)
shall automatically become effective, requiring that the Employer, among other things, to provide the Employee with the termination payment as outlined in said Clause 16.
) (…) In case of serious illness of the Employee the Employee will be entitled to the full compensation as described in Clause 16 of the Agreement under the same terms and conditions as outlined in clause (1) above of this addendum.”
You have asked me (…) about my understanding of the meaning and intent of the provisions of Clause (1) relating to a change in the Management Board of Yukos International UK B.V.
The meaning of the severance term