Member States shall take the measures necessary to ensure that guarantee institutions guarantee, subject to Article 4, payment of employees' outstanding claims resulting from contracts of employment or employment relationships, including, where provided for by national law, severance pay on termination of employment relationships. The claims taken over by the guarantee institution shall be the outstanding pay claims relating to a period prior to and/or, as applicable, after a given date determined by the Member States.
Države članice sprejmejo potrebne ukrepe, da zagotovijo, da jamstvene ustanove, ob upoštevanju člena 4, jamčijo plačilo neporavnanih terjatev delavcev, ki izhajajo iz pogodb o zaposlitvi ali delovnih razmerij, ki vključujejo, kadar to zahteva nacionalna zakonodaja, odpravnino ob prenehanju delovnega razmerja. Terjatve, ki jih prevzamejo jamstvene ustanove, so neporavnane terjatve za plačila, vezane na obdobje pred in/ali, kot je ustrezno, po danem datumu, ki ga določijo države članice.