Interpretation of statutes
This query is : Resolved
26 November 2012
My job offer letter has the following clause:
"Notice Period:
During the probationary period, either party can terminate the employment by giving one month's notice or one month's salary in lieu of notice, to the other party."
In the above case do I have the option to pay one month's salary at my own discretion and leave the company. Or do I compulsory need to serve one month's notice.
"Notice Period:
During the probationary period, either party can terminate the employment by giving one month's notice or one month's salary in lieu of notice, to the other party."
In the above case do I have the option to pay one month's salary at my own discretion and leave the company. Or do I compulsory need to serve one month's notice.
27 November 2012
Either one of the conditions have to be fulfilled. You can leave the job without giving notice and pay one month's salary as compensation.
27 November 2012
You have to fulfill any one condition, hence if you deposit your one month salary then you can leave the job. You need not to serve one month notice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Copyright software
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- When TDS on GST applied
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
