I have been working for this company for 2 months now and have resigned. I want to leave immediately as i do not like the job profile and have got a better offer in hand now.
My appointment letter says as below :
Your service may be terminated by either party, giving notice in writing for three months or payment of salary in lieu thereof. The company reserves the right not to accept salary in lieu of notice.
Company reserves the right to terminate your employment wothout notice on grounds of breach of policy, misconduct or unsatisfactory performance.
I am willing to pay three months pay for not serving the notice period. What legal action can the company take against me if it does not accept salary in lieu of notice ?
Thanks for your reply.