Article 49 Starting Date: 02/01/2005
If the Employment Contract is for a fixed period in duration, any of the two parties thereof may terminate it, without giving reasons. In this case the party interested in termination of the Employment Contract shall notify the other party in writing as follows: As for the Workers who are paid their Remuneration annually or monthly, the notification shall be made before one month from the date of termination of the Employment Contract if the service period is five years or less. If the service period is more than five years, the period of notification shall be two months at least. In all other cases the notice shall be given in accordance with the following periods: If the duration of employment is less than one year, the notice period shall be at least one week. If the period of duration of employment is more than one year and less than five years, the notice period shall be at least two weeks. If the period of duration of employment is five years or more, the notice period shall be at least month. If the Employment Contract is terminated without observing these periods, the party terminating the Employment Contract shall be obliged to compensate the other party for an amount equivalent to the full Remuneration for the notice period or the remaining part thereof.