Notice period and buyout option
15-Nov-2023 (In Civil Law)
I have resigned from my company, and the notice period is of 3 months, I am ready to serve 1 month and buyout the remaining notice period. But the company is denying from buyout. Following are the lines written in my agreement :
1. In case you have resigned or given a notice to terminate your employment, you are
expected and required to diligently serve the entire notice period. However, in such a
resignation situation, the Company may, at its sole discretion, without being obligated to do so,
A. Require you to leave service at any time during the notice period without any
payment for the balance unexpired portion of the notice period or
B. Upon your request allow you to leave service during the notice period only upon You making the payment to the Company, the amount equivalent to your salary for the balance unexpired portion of the notice period.
I have perused the contents of your query and would advise you to issue a strongly worded legal notice to the concerned directors of the company calling upon them to adhere to the terms of the employment and relieve.
Helpful?
31+
31+
Terms were already explained very clearly. Therefore you can buyout the notice period and the company is not allowed to restrain youfrom paying to the company.
You are required to send anotice for compliance of contract
Helpful?
40+
40+
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