Upon termination of an employment contract, the employer is required to make a full final settlement with the employee on the date of termination, unless the Labor Code, a law regulating the relevant sector, or an agreement between the employer and the employee provides for a different procedure for the final settlement.

If the employee is transferred to another position with the same employer or with an employer recognized as its legal successor, no final settlement is made with the employee.

When making the final settlement, the employer is required to pay the employee their salary and other payments equivalent to salary. Such payments include, for example, monetary compensation for unused annual leave.

If this obligation cannot be fulfilled for reasons beyond the employer’s control, the employee’s salary and salary-equivalent payments must be made within five working days after the employee submits a corresponding request.