What types of employment agreements can be accommodated in Greece (i.e., fixed-term, part-time, hourly, etc.), and what are the restrictions for each type? Does Velocity Global have templates available?

In Greece, the following types of employment agreements can be accommodated:

• Indefinite-term employment agreements
• Fixed-term employment agreements
• Part-time employment agreements, which can be either indefinite or fixed-term

Is it necessary for the employment agreement to be bilingual with Greek taking precedence in Greece?

In Greece, the employment agreement is drafted in both English and Greek, with both versions presented side by side in a single document.

Can seniority be recognized in employment agreements in Greece, and if so, in what ways can this be reflected in employment agreements?

In Greece, the employer has the option to recognize an employee's seniority from previous employers within employment agreements. Recognized seniority is considered in the following areas:

• The calculation of severance indemnity.
• The determination of the notice period.
• The calculation of seniority allowance.
• The determination of the entitlement to annual leave.

These recognitions are incorporated into the employment agreements to reflect the acknowledged seniority appropriately.

Can variable compensation be included in the employment agreement in Greece, or should it be outlined in a separate Variable Compensation Plan?

In Greece, a variable compensation plan may be referenced in the employment agreement. However, if the variable compensation is considered a voluntary benefit and not part of the ordinary remuneration, it should not be included in the employment agreement.