Notice Period

TERMINATION OF EMPLOYMENT Your appointment can be terminated by the Company if your Medical Screening or Background Verification check reports have major discrepancies. The management’s decision in all such cases will be final and binding. The minimum period of notice that both you and the Company must give to terminate your employment is three months. Notice must be given in writing. Failure to provide the agreed notice period shall render you liable to pay the Company notice period salary in lieu thereof and shall entitle the Company to deduct / withhold this amount from any and all dues payable by the Company to you. The management may decide to accept salary in lieu of Notice Period or adjust against leave, at its own discretion. The management may also decide to waive off the Notice Period and relieve you prior to the expiration thereof based on the requirements of the company. The management’s decision in all such cases will be final and binding. It is your responsibility to complete your handover during the notice period before leaving the organization. This is required to ensure smooth transition of processes in the absence of the resigning employee. Upon leaving the Company, you must return to the Company all of its property that is in your possession including all relevant intellectual property and confidential business information. Above are the terms and conditions mentioned in my offer letter for termination of employment. I want to know, can my company abscond & file a case against me if I quit after giving one month notice only and salary in lieu therof for 2 month notice period