Notice Period Buy Out Option is not available

Ankur (Querist) 26 March 2010 This query is : Resolved
Hi,

As per my offer letter, there is two months of notice period to be served after resigning. I have generally seen there is an option to "buy out" notice period. BUT however, in my offer letter it is not mentioned there.

It is just written in case of separation from the company two months of notice period has to be served. Pls see Point No. 12 in the attached file.

I am ready to pay my company in lieu of notice period But I do not want to serve notice period as I have got a very attractive offer from some other company.

Is there any possible way I can pay my company and get relieved within 10 days.

Thanks in advance.

Best Regards.

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Devajyoti Barman (Expert) 02 November 2010
You can do so only if your job contract bears such terms.

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Notice Period Buy Out Option is not available

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