You are here:
01 December 2020 / 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.

Executive remuneration review 2020 - logo guide

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.



abstract - Deal DIF - June

Advising DIF on EUR 1 billion Core Infrastructure Fund II

Advising on Dutch and Luxembourg legal and tax aspects of the setting up, structuring, fundraising and closing read more
Lux Mytilineos deal - green globe

We advised the Mytilineos group on its new green notes issuance

Loyens & Loeff Luxembourg assisted the Mytilineos group with their issuance of EUR 500 million senior green notes and listing of said notes. read more
graph and computer - Corporate Sustainability Reporting Directive -12 May

EU Commission adopts proposal for a CSRD

EU Commission adopted a proposal for a Corporate Sustainability Reporting Directive which will revise and extend the reporting requirements. read more