Is it necessary for the employment agreement to be bilingual with Hungarian taking precedence in Hungary?

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

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

Yes, seniority can be recognized in employment agreements in Hungary. This recognition applies specifically to the areas of notice period and severance.

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

In Hungary, the variable compensation plan is included as an attachment to the employment agreement. It is permissible to reference the Variable Compensation Plan within the employment agreement.