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Regarding early release from job

(Querist) 30 April 2012 This query is : Resolved 
Hello,

I am employee of an MNC in Bangalore area. I need an early release from my company. Regarding that the following line is mentioned in my offer letter:

"This contract of employment between you and the Company may be terminated by either party by giving 90 days notice or gross 3 months salary in lieu thereof. However relese from the service of the Company will be subject to satisfactory handover of the responsibilities assigned to you."

I can at most server 30 days of notice and ready to pay the rest of the amount in lieu of my notice period(i.e- 60 days). Is it possible to get that?

Please reply.

Thanks a lot in advance.
Subrata
ajay sethi (Expert) 30 April 2012
request the company that you are willing to pay for balance 60 days . however it is at discretion of company to accept or not
Deepak Nair (Expert) 30 April 2012
Yes. That is very much possible and is practiced by many employers.

But, please ensure an effective handover of your responsibilities.
Sankaranarayanan (Expert) 30 April 2012
what base you are going to quit the job, even ready to accept the three month salary as a compensation , the management need to agree the other clause that " However relese from the service of the Company will be subject to satisfactory handover of the responsibilities assigned to you"
So send the request letter for re-leaving from the service to management
adv. rajeev ( rajoo ) (Expert) 30 April 2012
Inform to the co., in written.
M/s. Y-not legal services (Expert) 30 April 2012
yes., your company should be decide it..

-tom-


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