Employee Buyout Agreement
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Hi John,Find enclosed one of the sample formats of the same. I hope it will help you in preparing the same.Regards,Amit Seth.
Hi All,I am working as an HR Executive in a startup company in Chennai. Currently, we do not have any details regarding a contract agreement. I would greatly appreciate it if you could provide the format for the contract agreement and any other relevant informat...
Dear Kanika Pramod,Please find the Full & Final Settlement of Account format attached in Excel for your reference. I would also like to share with you the applicability of Service Tax on the Shortfall of Notice period amount.Many of us are not aware that there i...
Please share your format so that we can make necessary changes in it.
Thanks, Suresh, this will help a lot.
Service tax is not applicable on anything related to employment. Notice period payout is related to employment and is therefore out of the service tax net. The opinion given in your attachment is definitely wrong. There is no need for service tax on this amount....
Dear Emily,I suggest you speak to your employer and seek a relieving that suits both of you. There is no way that they can stop your relieving or experience letter. If you don't want to serve the entire notice period, they can't force you to serve it if you are ...
Dear Emily,The notice covenant on the unilateral termination of the contract of employment is a protective clause serving the interests of both the employer and the employee to mutually inform one another just to arrive at a suitable alternative. When there is a...
Thank you, Rahul, for the reply. I have already involved the department and HR, but I see no resolution to the deadlock. My 30-day notice ends next week. What's the next best alternative that I can take? Suppose I stop going after the said date and work out with...
Hi, I am working in a reputed FMCG Company and have a job offer from another Company. My current employer has mentioned the following in the offer letter - "The contract of employment may be terminated by either party by serving a notice of 90 days or salary in ...