(1) By concluding an individual labor contract for the period of a certain work performance, the employee undertakes to perform for the employer work stipulated in the contract, according to a certain profession, specialties, qualifications, receiving during the period of performance a monthly reward in the form salary.

(2) An individual labor contract for a certain work performance period is concluded in cases where it is impossible to establish an exact term for its completion. The parties of the contract can agree on the general deadline of performance, as well as on the timing of the performance of individual parts of the work.

(3) If the period required for the performance of a specific job exceeds five years, the individual labor contract is deemed to be concluded for an indefinite period.