| Source: XpertHR P&D |
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Date: 01/05/2001 |
Publisher: XpertHR |
Directors: Termination of employment contract clause (contract clause)
TOPICS:| contracts of employment | terms of employment
| | termination of employment | dismissal
termination of fixed-term contracts
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Clause wording:
Length of notice
Your
employment may be
terminated by either party giving to the other not less than [ ] months'
written notice.
Pay in lieu
The Company may at its sole
and absolute discretion pay to you basic salary and benefits (excluding bonus)
in lieu of any required period of notice (subject to the deduction of such
income tax and National Insurance as HM Revenue & Customs and the Contributions
Agency may require). |
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