Employee resignation from board role not employer-initiated termination; severance denied as claim was not for job loss by employer.

The Supreme Court dismissed the employee's cassation appeal regarding a severance payment claim based on a termination agreement. The employee resigned from his board position, and the employer subsequently terminated the employment contract citing this resignation as the cause. The court held that because the termination was triggered by the employee's own resignation rather than an employer-initiated dismissal, the statutory severance conditions were not met. Consequently, the employee was not entitled to the compensation he sought.