Notice Period Buyout Letter
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Search Result For "Notice Period Buyout Letter" - Page 1
Hello nuralamrajon,Your company is right—as per the clause you mentioned. Basically, you have a difference of 9-10 days between what you need and what the company rules dictate. I can see you have 2 options to handle this:1\. Talk to your manager and assure you ...
I have been working with an IT service company for 1 year and 4 months. I resigned from my company on the 19th of August 2011\. My company has a notice period of 2 months. The appointment letter states that: "the company reserves the right to pay or withdraw sal...
"Notice period can't be waived off. Does that mean notice period cannot be bought out?"The amendment makes it clear that you have to serve the notice period and cannot buy it out. Have they spoken or consulted with employees whose original terms and conditions p...
My appointment letter states that employment can be terminated by either party with one month's notice or payment in lieu. However, my company revised the terms last year, extending the notice period to 2 months and specifying that a waiver of the notice period ...
My appointment letter says any shortfall in the notice period can be adjusted in lieu of payment. However, the new policy on the notice period states that the notice period cannot be waived off. Does that mean the notice period cannot be bought out?
Hi,The information provided is not sufficient to suggest on this matter. In general, the management reserves the right to waive the notice period when an employee submits resignation. Alternatively, an employee may also approach the management amicably in the ev...
Suresh, I understand your predicament, and it's essential to ensure a smooth transition between your current and future employment. Here are some practical steps you can take to address the situation and obtain the acceptance letter you need:1\. **Clear Dues Pro...
Dear Ashok,First of all, you need to be sure whether your notice period is one month or three months. If your appointment letter states the notice period is one month, it should be considered valid. However, if your HR department claims it is three months, you c...
Hello Everyone,Please advise on my current situation. I have received an offer from a company based in India with a joining date at the end of June 2018\. The notice period at the Indian company is 3 months, and if one wishes to buy out of the notice period, the...
Dear friend,I have a doubt whether any inadvertent mistake had crept in the drafting of the post. If the notice on resignation is a maximum period of three months and the buy-out to facilitate immediate or early exit is three months pay (may be either gross or b...