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Search for "Payment Lieu Notice Period"


Payment in lieu of notice period dispute - bank reserves the right to not accept the payment
Currently i am working with a bank and i have got a better opportunity but i am bound to serve 3 months notice period which is not possible. in my offer letter it is mentioned that the bank reserves the right to not accept the payment in lieu of the notice period and at its sole discretion it may force to complete the notice period. can anybody help with this situation as to what should be my next course of action?
Probation period is over and i want to buy out my notice period. can company force me to serve full notice period?
Notice period during probation your employment can be terminated with thirty days notice or payment of basic salary the basic salary that is mentioned in the salary breakup sheet in lieu of the notice period on either side. after completion of probationary period and confirmation of employment if you voluntarily resign from the services of the company you will be required to give ninety days advance written notice or basic salary in lieu of the notice period subject to the companys discretion. in the event of you having any incomplete work assignment the company will have the discretion to relieve you only at the end of the ninety days notice period. similarly the company may terminate your employment by giving you ninety days notice or basic salary in lieu of notice period. the company can terminate your service without any notice period and without paying the salary in lieu of notice period in case your employment is terminated on the grounds of breach of confidentiality or ip related obligations violation of law gross misconduct material breach of company policy on your part. in such event the company will not be liable to make payment in lieu of notice period.
Difference between notice period waiver and notice period buyout
My appointment letter says any shortfall in notice period can be adjusted in lieu of payment however new policy on notice period says notice period cant be waived off.does that mean notice period can not be bought out
Termination of employment and notice period
Dear sir/madam i was working as manager in an mnc in chennai. as per my offer letter notice period stipulation is as follows. you shall give the organisation atleast two month s notice of your intention to resign. the organisation reserves the right to accept your resignation with immediate effect at any time during the notice period. the organisation shall be entitled to terminate your employment at any time on giving one month s notice or without any notice on payment of one month s salary in lieu of notice. despite this the ceo terminated my services without any giving me 1 month notice or 1 month salary in lieu of notice. in such situation am i eligible for 1 month salary in lieu of notice. kindly guide me what measures are available to me. best regards vinay
Payment of lieu
Hi i want to know that if employee want to leave his job without giving one month notice period then he has to give "payment of lieu". as per the contract if that payment of lieu is one month s salary then that will be just the basic pay or the gross salary of the month?
Lieu in notice
Hey i gave my resignation on 11 aug . i have a notice period of 1 month written in my appointment letter and am probationer not a confirmed employee. could you please tell me if notice period is must for me and can i pay lieu of notice for a number of days? for example: i have worked for 20 days of my notice period and i pay lieu of notice for 10 days. is this possible? regards ankush