Please let me know the exact meaning for the following notice period terms:
1. Notice Period
This contract of employment is terminate by either party giving one-month’s (30 days) notice during the training / probationary period. After confirmation or services, either party will have to give one month’s (30 days) notice for every year of completed service, or a part thereof exceeding 6 months, subject to a maximum of 3 months (90 days). For the purpose of calculating of notice period, the completed period spent in the service of the company including training / probationary period will be taken into account. The Company reserves the right to pay or recover salary in lieu of notice period. Further, the Company may at its
discretion relieve an employee from such date as it may deem fit even before the expiry of the notice period without compensation for the remaining period and is not bound to give any reason thereof
1. Notice Period
This contract of employment is terminate by either party giving one-month’s (30 days) notice during the training / probationary period. After confirmation or services, either party will have to give one month’s (30 days) notice for every year of completed service, or a part thereof exceeding 6 months, subject to a maximum of 3 months (90 days). For the purpose of calculating of notice period, the completed period spent in the service of the company including training / probationary period will be taken into account. The Company reserves the right to pay or recover salary in lieu of notice period. Further, the Company may at its
discretion relieve an employee from such date as it may deem fit even before the expiry of the notice period without compensation for the remaining period and is not bound to give any reason thereof