Full & Final Settlement
Russell
(Querist) 18 September 2010
This query is : Resolved
Dear Sir,
If the Company policy states that an employee is eligible for Privilege Leaves (Annual leaves)only after completion of 1 year of sercvice, then should the PL encashment be considered for the F&F on pro rata basis if the employee leaves before completion of a year's service. Is it manadatory for the company to provile PL encashment in the F&F if the employee has not completed one year of service?
s.subramanian
(Expert) 18 September 2010
No. It is not necessary.
R.Ranganathan
(Expert) 18 September 2010
In your query itself you say employee is eligible for PL only after completion of 1 year of service. So it cannot be provided on pro rata basis if the employee has not completed the minimum 1 year of service.
Russell
(Querist) 18 September 2010
Thank you both for your prompt response. So in continuation to my above query, this would mean that it is not compulsory for the company to also adjust the pro rata PL's against the notice period if an employee quits within a year of service.
Ajay Bansal
(Expert) 18 September 2010
THE EMPLOYEE IS NOT ENTITLED FOR BENAFIT IN QUESTION.
Russell
(Querist) 20 September 2010
Thank you.
