You are here:
17 November 2021 / article

In-depth review of the remuneration of Executives in Luxembourg

Although the word 'executives' does not have a legal definition, the Luxembourg Labour Code makes a significant difference between upper-level employees and non-managerial employees. That distinction has many consequences in terms of remuneration, taxation or social security treatment.

a) non-managerial employees cannot exceed a certain number of working hours per day and week. The limitation on working hours does not apply to executive employees;

b) non-managerial employees are entitled to compensation for overtime, either by paid rest time, at a rate of one-and-a-half hours of free time per additional hour worked, or through the payment of their salary plus 40 per cent. The executive employee is not entitled to payment for overtime work; and

c) executives do not fall within the scope of application of certain collective bargaining agreements. They are not entitled to any remuneration for work on Sundays, whereas non-executive employees are paid for hours worked on Sundays, at the request of the employer, with an increase in salary of 70 per cent.

Click here to read more.



CSSF enforcement priorities for annual reports (Transparency Law) - Business meeting an graphs

CSSF announces enforcement priorities for 2021 annual reports

The press release outlines areas to which particular attention will be paid when monitoring and assessing issuers' annual reports (Transparency Law). read more
trendreport-blue-building

The use of Dutch pre-wired back-end measures by foreign companies

Pre-wired back-end measures have become a well-established part of the Dutch public takeover practice. read more

Chambers Global Practice Guides - Employment 2021

Read the Chambers & Partners Employment guide here 2021 to gain valuable and actionable insights. read more