Hello All, I joined a company in October 2020, and my notice period is two months. I resigned on 22nd April 2021 and asked my company to relieve me by 15th May 2021, stating that I'm ready to pay for the notice period days which I will not serve. They haven't accepted my resignation and have kept my salary on hold, indicating that they will proceed legally. I haven't signed any bond, only the appointment letter. Please see below what was mentioned in the appointment letter and advise.
Termination of Contract:
Termination of employment by either party will be by giving two months' notice in writing to the other, subject, however, to the Company's right to pay two months' basic salary in lieu of such notice to you. Further, in the event of your giving notice of termination shorter than the above period of two months, the Company shall have, at its own discretion, the right to adjust any leave due to you and/or recover from you such amounts towards notice pay for the shortfall in the period of notice.
The Company and/or the employee may, at its sole discretion, terminate the Contract of Employment without notice by giving two months' prior intimation. In case of no intimation, the services can be terminated by either party by paying two months' basic salary. In the event of termination, as provided hereinabove, all benefits/perquisites/allowances shall stand forfeited immediately, and you will only receive any statutory benefits as applicable to you on the date of your termination.
From India, Chennai
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Termination of Contract:
Termination of employment by either party will be by giving two months' notice in writing to the other, subject, however, to the Company's right to pay two months' basic salary in lieu of such notice to you. Further, in the event of your giving notice of termination shorter than the above period of two months, the Company shall have, at its own discretion, the right to adjust any leave due to you and/or recover from you such amounts towards notice pay for the shortfall in the period of notice.
The Company and/or the employee may, at its sole discretion, terminate the Contract of Employment without notice by giving two months' prior intimation. In case of no intimation, the services can be terminated by either party by paying two months' basic salary. In the event of termination, as provided hereinabove, all benefits/perquisites/allowances shall stand forfeited immediately, and you will only receive any statutory benefits as applicable to you on the date of your termination.
From India, Chennai
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You can approach the management in writing to consider your resignation under the notice period buyout option as per the 'quoted line of your appointment'.
Further, in the event of you giving notice of termination shorter than the above period of two months, the Company shall have, at its own discretion, the right to adjust any leave due to you and/or recover from you such amounts towards notice pay for the shortfall in the period of notice.
From India, Mumbai
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735Further, in the event of you giving notice of termination shorter than the above period of two months, the Company shall have, at its own discretion, the right to adjust any leave due to you and/or recover from you such amounts towards notice pay for the shortfall in the period of notice.
From India, Mumbai
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Withdrawl of Resignation and Notice period.doc
Resignation-Not ice Period- T._Purushotham_ Reddy_vs_United _India_Insuranc e_Company_..._o n_21_Nove.pdf