A NGO hired an accounts person as Finance manager with two year contract . one of term was both party can terminate contract by giving 1 month notice period . also employer can in liue of 1 month notice period pay basic salary for 1 month & terminate him without assing any reason for termination . similary employee can also pay 1 basic salary instead of service notice period but in such case it will be management discreation to accept it or they can compel him to work 1 month notice period.
Now employee wants to resign he wants to pay 1 month basic salary & do not want to work for one month notice period . kindly suggest can employer law fully comple him to serve notice period or not?
kindly give advise thanks in advance