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Old 30-07-2008, 03:20 PM
suzayy's Avatar
Join Date: Mar 2008
Location: noida
Posts: 5
Default full & final
Good after noon friends

One months before my organization ended service of a staff who's salary was 12000/-.that time we were giving him his salary & one month notice but till now he didn't take his full and final his requirement is

One month notice
compensation @ 15 days per year
Bonus

Our company is lumpsum 4 years old so no body can pressed for bonus.Please suggest me what is a legal thing.what will we have to pay him legaly.

Thanks & regards
Sujay
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  #2 (permalink)  
Old 02-08-2008, 01:12 PM
malikjs's Avatar
Join Date: Nov 2007
Location: noida
Posts: 348
Default
dear sujay
legally he is correct ,we should pay retrenchment compensation @15 days salary for every one year of service.
as regard to bonus it is not a question how much old the company is,you have the infancy period of 5 years but if you start earning profit before 5 years from the same period company isliable to pay bonus.
tks
j s malik

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