Dear Pradeep,
In the event if employee resigned the full & final settlement shall be
1. he is entitled for unpaid salary for current month,
2. he is entitled for leaves in balance upto the date of resignation,
3. he is entitled for gratuity if completed 5 years of service,
4. he is entitled for unpaid bonus upto the date of resignation,
In the event if employee has been retrenched legally the full & final settlement shall be added compensation @ 15 days salary p.a.multiplied by his service year and one month notice pay if the notice has not been served.
Regards,
KIRAN KALE