Hello All, I have joined a company in Oct'2020 and my notice period is 2months. I have resigned on 22nd April 2021 and asked my company to relieve me by 15th May 2021 and told them that I'm ready to pay notice period days which I'm not going to serve. They haven't accepted my resignation and they kept my salary on hold. They told me that they will proceed legally. I haven't signed any bond and only signed only on the Appointment letter. Please see below what it was mentioned in the appointment letter and requesting you to 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
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
You can approach the management in writing to consider your resignation under notice period buy out option as per the 'quoted line of your appointment' (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).
From India, Mumbai
588From India, Mumbai
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