SEVERANCE PAYMENTS UNDER THE LAWS OF THE NETHERLANDS ANTILLES

The employer’s obligation to award severance pay is mandatory
The Netherlands Antilles Severance Ordinance obliges the employer to award an employee whose employment terminates, a single payment (article 3 Paragraph 1). This single payment is a ‘statutory payment’ as distinct from compensation for e.g. early termination of an employment agreement, usually also called a severance payment.
An [...]

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