Notice of Termination
During the probationary period, your services may be terminated by: Giving One months’ notice or basic salary in lieu thereof by either side in case of employees at all Levels.
After confirmation, your services are terminable by giving Two months’ notice or basic salary in lieu thereof by either side.
The Company shall have the discretion to relieve you before expiry of the notice period on such terms & conditions as may be decided by the Company, including payment of basic salary equivalent to the balance notice period.
If adequate notice, as aforesaid, is not given by you on resignation from the services of the Company, appropriate deduction of basic salary will be made to cover the balance notice period. You can adjust the Personal Leave standing to your credit against the notice period.
However, the management reserves the right to accept the adjustment of PL / Salary in lieu of shortfall in notice period from employee.
The Company shall be entitled to terminate your services without any notice on the happening of any of the following events:
I. In the reasonable judgment of the Company, any material breach of the terms of employment by you;
II. In the reasonable judgment of the Company, any gross negligence in the performance of your duties, intentional non-performance or mis-performance of such duties, or refusal to abide by the orders of superiors or refusal to comply with lawful directives of the Company or the Company's policies and procedures;
III. Any willful dishonesty, fraud, or misconduct by you with respect to the business or affairs of the Company, that in the reasonable judgment of the Company may materially and adversely affects the operations or reputation of the Company;
IV. Your conviction in any crime involving moral turpitude; or
V. Your abuse of alcohol or drugs (legal or illegal) that, in the Company's reasonable judgment, materially impairs your ability to perform your duties.
Separation
Upon your separation from the Company for any reason whatsoever, you shall, not later than the effective date of separation:
a) Handover charge to such person or persons as may be nominated by the Company in that behalf, and
b) Surrender to the management of the Company or any person nominated/authorized by it, all original and copies of business documents, blueprints, reproductions or any data, tables, calculations, books, identity/ attendance/access cards and correspondence received by you for and on behalf on the Company and all Company property (i.e. company leased residential accommodation, keys, software, computer, vehicle, mobile phone, documents, electronic devices, data storage media etc., as applicable) owned by the Company and in your possession or custody pertaining to or connected with the business of the Company or any subsidiary, associate or affiliate of the Company.
c) You shall also ensure the Knowledge Transfer (KT) both documented and nondocumented, that you have acquired during the association with the company.
d) Within a period of one year after you cease to be an employee of the Company for whatever reasons, you will not seek employment, directly or indirectly, with the Company’s competitors, shareholders, vendors, customers and any other person / entity, with whom the Company had a business relationship (“prospective employers”). If the Company is of the view that you are terminating your employment in violation of aforesaid condition, then the Company reserves its right to, at its sole discretion, refuse to accept your letter of resignation, by whatever name is called.
The Company further reserves its right to approach the Court of competent jurisdiction and obtain an injunction preventing you from terminating your employment with the Company, seeking employment with prospective employers and/or recover the adequate damages.
Modification of Terms & Conditions of Service
The Company shall have the right to amend or modify any of the above terms and conditions of service and the same shall become automatically binding on you from such dates(s) as may be decided by the company.
During the probationary period, your services may be terminated by: Giving One months’ notice or basic salary in lieu thereof by either side in case of employees at all Levels.
After confirmation, your services are terminable by giving Two months’ notice or basic salary in lieu thereof by either side.
The Company shall have the discretion to relieve you before expiry of the notice period on such terms & conditions as may be decided by the Company, including payment of basic salary equivalent to the balance notice period.
If adequate notice, as aforesaid, is not given by you on resignation from the services of the Company, appropriate deduction of basic salary will be made to cover the balance notice period. You can adjust the Personal Leave standing to your credit against the notice period.
However, the management reserves the right to accept the adjustment of PL / Salary in lieu of shortfall in notice period from employee.
The Company shall be entitled to terminate your services without any notice on the happening of any of the following events:
I. In the reasonable judgment of the Company, any material breach of the terms of employment by you;
II. In the reasonable judgment of the Company, any gross negligence in the performance of your duties, intentional non-performance or mis-performance of such duties, or refusal to abide by the orders of superiors or refusal to comply with lawful directives of the Company or the Company's policies and procedures;
III. Any willful dishonesty, fraud, or misconduct by you with respect to the business or affairs of the Company, that in the reasonable judgment of the Company may materially and adversely affects the operations or reputation of the Company;
IV. Your conviction in any crime involving moral turpitude; or
V. Your abuse of alcohol or drugs (legal or illegal) that, in the Company's reasonable judgment, materially impairs your ability to perform your duties.
Separation
Upon your separation from the Company for any reason whatsoever, you shall, not later than the effective date of separation:
a) Handover charge to such person or persons as may be nominated by the Company in that behalf, and
b) Surrender to the management of the Company or any person nominated/authorized by it, all original and copies of business documents, blueprints, reproductions or any data, tables, calculations, books, identity/ attendance/access cards and correspondence received by you for and on behalf on the Company and all Company property (i.e. company leased residential accommodation, keys, software, computer, vehicle, mobile phone, documents, electronic devices, data storage media etc., as applicable) owned by the Company and in your possession or custody pertaining to or connected with the business of the Company or any subsidiary, associate or affiliate of the Company.
c) You shall also ensure the Knowledge Transfer (KT) both documented and nondocumented, that you have acquired during the association with the company.
d) Within a period of one year after you cease to be an employee of the Company for whatever reasons, you will not seek employment, directly or indirectly, with the Company’s competitors, shareholders, vendors, customers and any other person / entity, with whom the Company had a business relationship (“prospective employers”). If the Company is of the view that you are terminating your employment in violation of aforesaid condition, then the Company reserves its right to, at its sole discretion, refuse to accept your letter of resignation, by whatever name is called.
The Company further reserves its right to approach the Court of competent jurisdiction and obtain an injunction preventing you from terminating your employment with the Company, seeking employment with prospective employers and/or recover the adequate damages.
Modification of Terms & Conditions of Service
The Company shall have the right to amend or modify any of the above terms and conditions of service and the same shall become automatically binding on you from such dates(s) as may be decided by the company.