Hi All,
I am working in sw company in india.I got a new offer letter last week from another company and they had mentioned in Terms and conditions like
"You will be on probation for a period of four months from the date of joining which may be extended, if considered necessary by the company, at its discretion or based upon your overall performance during the probation period.
During the probationary period, your service can be terminated with one month notice or salary in lieu of such notice, on either side.
Upon successful completion of your probation, you will be advised in writing of your confirmation as a regular employee of the company.
On confirmation, your services can be terminated upon three months’ notice or three months’ salary in lieu of such notice, strictly based on XXXX Pvt. Ltd. management’s decision."
Here what is meant of 3 months of salary in lieu of such notice. Couldnt understand this .------> it means do we need to pay the whole CTC amount for 3 months or the basic pay of the remaining days.
Kindly give an update on this.
I am working in sw company in india.I got a new offer letter last week from another company and they had mentioned in Terms and conditions like
"You will be on probation for a period of four months from the date of joining which may be extended, if considered necessary by the company, at its discretion or based upon your overall performance during the probation period.
During the probationary period, your service can be terminated with one month notice or salary in lieu of such notice, on either side.
Upon successful completion of your probation, you will be advised in writing of your confirmation as a regular employee of the company.
On confirmation, your services can be terminated upon three months’ notice or three months’ salary in lieu of such notice, strictly based on XXXX Pvt. Ltd. management’s decision."
Here what is meant of 3 months of salary in lieu of such notice. Couldnt understand this .------> it means do we need to pay the whole CTC amount for 3 months or the basic pay of the remaining days.
Kindly give an update on this.