Hi,
I resigned from my company (on the 21st), and as per the company policy, I agreed to serve the two-month notice period. My company, however, wants to relieve me in 10 days' time (end of the month). What I need to know now is, am I eligible for a 2-month salary compensation?
Here is what my offer letter says:
"Resignation
In the event of your deciding to resign from the services of the company, you will have to give two months' notice to the company or pay the company an amount equal to your two months' gross emolument, in lieu of the notice. The date of relief will be at the discretion of the company."
I hope this helps clarify the situation for you.
From India, Bangalore
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I resigned from my company (on the 21st), and as per the company policy, I agreed to serve the two-month notice period. My company, however, wants to relieve me in 10 days' time (end of the month). What I need to know now is, am I eligible for a 2-month salary compensation?
Here is what my offer letter says:
"Resignation
In the event of your deciding to resign from the services of the company, you will have to give two months' notice to the company or pay the company an amount equal to your two months' gross emolument, in lieu of the notice. The date of relief will be at the discretion of the company."
I hope this helps clarify the situation for you.
From India, Bangalore
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Salary & Compensation Guidelines.zip
Compensation policy.doc