Dear HR experts and Legal Advisors,
I resigned from a company giving one month notice as per appointment letter with a request to relieve me early with full and final settlement of my dues. Though, the company has accepted my resignation, they have given an early relieving date, mentioning "as mutually discussed and agreed upon" (which i feel, can lead a confusion on my settlement) but nothing is mentioned about settlement of dues. They have also asked me to handover the office equipments (company car as per my appointment letter, laptop, etc), but i have asked them to, first send me the calculation of dues for my checking and based on my acceptance, strictly, w.r.t. appointment letter, enabling me to handover, to which they are not responding. My final settlement of dues is more than the cost of handover equipments.
Is my stand, legally correct, by not handing over till receipt of calculation of my dues?
Can company launch a complaint against me for keeping in possession the office equipments?
What precaution should i take, to be legally safe, in case i'm not?
Secondly, my CTC salary has two components, fixed and variable pay, and both the figures are mentioned. As per the language of the appointment letter, the variable pay value will be paid to me annually, based on mutually agreed targets, but till completion of one year from my joining, the company has not made any agreement. Instead, there is an email in the middle of 1 year, stating that, the variable pay will be made after 5 quarters against annual. My resignation has come between the completion of one year and completion of 5th quarter is 2 months away. There is no mention about, if anyone resigns before, will not get variable.
Can i assume that, in absence of any further communication (till completion of one year) on account of mutually agreed targets for variable pay, i am eligible to get the full variable component.
Please help me out of this situation
I resigned from a company giving one month notice as per appointment letter with a request to relieve me early with full and final settlement of my dues. Though, the company has accepted my resignation, they have given an early relieving date, mentioning "as mutually discussed and agreed upon" (which i feel, can lead a confusion on my settlement) but nothing is mentioned about settlement of dues. They have also asked me to handover the office equipments (company car as per my appointment letter, laptop, etc), but i have asked them to, first send me the calculation of dues for my checking and based on my acceptance, strictly, w.r.t. appointment letter, enabling me to handover, to which they are not responding. My final settlement of dues is more than the cost of handover equipments.
Is my stand, legally correct, by not handing over till receipt of calculation of my dues?
Can company launch a complaint against me for keeping in possession the office equipments?
What precaution should i take, to be legally safe, in case i'm not?
Secondly, my CTC salary has two components, fixed and variable pay, and both the figures are mentioned. As per the language of the appointment letter, the variable pay value will be paid to me annually, based on mutually agreed targets, but till completion of one year from my joining, the company has not made any agreement. Instead, there is an email in the middle of 1 year, stating that, the variable pay will be made after 5 quarters against annual. My resignation has come between the completion of one year and completion of 5th quarter is 2 months away. There is no mention about, if anyone resigns before, will not get variable.
Can i assume that, in absence of any further communication (till completion of one year) on account of mutually agreed targets for variable pay, i am eligible to get the full variable component.
Please help me out of this situation