Dear Friends,
Let's look at this situation as follows:
1. An employee resigns and gives, say two months' notice as per the terms of his contract of employment.
2. He wants immediate release and is willing to pay for the notice period. He is within his rights as most appointment letters, in their exit clause, stipulate a notice period or salary in lieu of the notice period.
3. He works for some days during the notice period, and in between, he requests for some days of leave. Now, there is no hard and fast rule that he cannot be granted leave. It is a decision which the management will have to take. His request can be considered favorably or it can be declined.
Please remember EL will be encashed at the time of his full and final settlement. Therefore, it is not a big deal if leave is granted to the employee. However, it is necessary to impress upon the employee that he is obliged to do the handover properly to the satisfaction of the management before being finally relieved.
4. Also, at times, the management decides to accept and relieve the employee immediately, waiving off the notice period.
Considering all the above situations, I recommend that the employee be spoken to, and it is mutually agreed that he will do a proper handover, and only then would he be formally relieved. Leave may then be granted at the discretion of the management.
Best Wishes,
Vasant Nair