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Author Topic: Notice Period Buyout  (Read 2225 times)

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Offline Nikhil23

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Notice Period Buyout
« on: December 17, 2014, 12:31:48 AM »
Hi, I am currently serving my notice period of 90 days with my organization. However I requested them to release me early and they have agreed to do so in lieu of me paying off the remainder of my notice period (which has a shortfall of 26 days). Now the problem is that my offer letter which I signed stated that I need to pay the "salary" in lieu of early release. I argued with them that it is ambiguous and since leave encashment is done on "basic" pay, the salary should also be interpreted as basic salary and not my gross salary but they are not agreeing with it.

I am trying to negotiate it politely but they are just not budging. I just wanted to know that am I in the right here and can they force me to accept to pay the gross salary which includes my tax component?

A quick reply on this or suggestion would be appreciated since I have to finalize this over the next 2-3 days.

Offline advgaurav.sharma

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Re: Notice Period Buyout
« Reply #1 on: December 17, 2014, 04:01:48 AM »
since you are leaving their office they will surely try to take the maximum from you, there is very little you can do, as the agreement between you and them is not clear on this aspect, which is done on purpose so that when an employee leaves they can take advantage of the situation.

every pvt office has the right to create its won by laws to run their company, as long as it does not affect the constitutional rights you cannot get much help from court.
Advocate Gaurav is a specialist in Trademark laws

 

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