Please let me know what all things are included in the Full and Final Settlement so that I can convey that to my earlier employer. According to my earlier employer Full and Final Settlement includes only documentation part. It does not include the remaining amount to be taken like salaries, incentives and other.
Also in my earlier organization we did not had PF as it was small organization. We had KRA (Key Result Area) as incentives wherein my quarterly incentive will be divided as per the decided activity. My next review on the status (achievement) of the listed KRA's will be in the 1st week of next quarter (which never happened). Based on the discussions, achievement against each activity will be agreed (in %). Based on the total score in % from all the points, the incentive for the quarter will be released as per the total percentage achievement. The rule for the KRA is the quarterly incentive will be released in the 3rd month of the next quarter based on the % achievement. For Exp:- If the KRA achievement is 98% for the April-May-June(Quarter), then 98% value of the quarterly incentive will be released to me in the September month salary. And it is not mentioned any where that I have to be on rolls to get these incentives.
My query is if I resign from the organization in April and serve full notice period, it is compulsory for me to be in organization till June to get the incentives for the January-February-March(Quarter) and also for April and May month....??? Also I would like to ask that is this incentives are the part of Full and Final Settlement....??
Requesting you to please help as I have to take big amount from my earlier organization.
+91-8956605443 24th June 2015 From India, Pune