Reg: notice period buyout

Balaji Natarajan (Querist) 24 October 2011 This query is : Resolved
Hi sir,
i have been working with Accenture for the past 18 months and i had to resign my job as my wife is moving abroad with my 10 months old daughter as she is still feeding her and i need to take care of them .
But my HR informed me that i have to serve 90 days mandatory notice period and it is must .
As i explained them the issue they are ready to waive my notice perid . but they are asking me to pay my complete one moth salary calculated for each and every day and it includes my Basic , HRA ,Statutory Bonus, shift allowance and evry thing except my PF.
kindly let me know wetehr i am supporsed to pay the complete salary even though im not gonna be with this company or just the Basic as otehr companies do as the employees to pay when they want to leave the company.
Awaiting response .

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Devajyoti Barman (Expert) 24 October 2011
It all depends upon the relevant clause of the employment agreement without seeing of which it is difficult to comment further.
If there is no such agreement then you interpret your service term on your own advantage, the company may do on its own.

Sankaranarayanan (Expert) 24 October 2011
Is you sighned any agreedment and. If what clause is written . If you feel non been sighned then you can do without aany prop. If yes then you need to ........

Guest (Expert) 26 October 2011
Please check the provisions of offer of appointment of the company to you. I think if the company is ready to waive of the notice period, it would be wise on your part to clear your position by paying one month's salary to buy peace of mind for you.

Sailesh Kumar Shah (Expert) 26 October 2011
If appointment letter contains such conditions of buyout, you shall have to pay.

prabhakar singh (Expert) 26 October 2011
Your appointment letter or contract of service between you and company shall govern the matter.At the out set demand appears genuine on their part.It is not a matter what others do,your company is not obliged to follow others as it is a contract based matter for which different companies may follow different policies as per their own choice.

K.S.Srinivas (Expert) 28 October 2011
I agree with the view of all experts.

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