Regulations of the Operation and Management of National Defense Technology Institutions by Private Entities Article 29

Paragraph (1)The seniority calculation and the payment standards for the personnel who are retired or whose contracts are terminated under the first Paragraph of the preceding Article shall be conducted in accordance with the following provisions:Subparagraph (1)Seniority Calculation: The seniority calculation shall be conducted under Article 84-2 and the related provisions of the work rules provided by various National Defense Technology Institutes. However, the seniority for those who received pension, severance or lost seniority compensations shall be excluded.Subparagraph (2)Payment Standard: The payment standard shall be determined under Article 84-2 of Labor Standard Law and the related provisions of the work rules provided by various National Defense Technology Institutes. For the period of employment prior to June 30, 1998, the related provisions of the work rules provided by various National Defense Technology Institutes shall be applied for calculation purposes, and for the period of employment after July 1, 1998, the Labor Standard Law shall be applied. The payment shall be calculated in two parts as set forth above and paid cumulatively. However, the unit (as defined in the applicable Labor Standard Law and work rules) shall be calculated with the standard for pension.