Termination and Retirement. a. At any time during your employment, either the Employer or Employee shall be entitled to terminate the employment subject to the notice period set forth below. The Employee may terminate the employment by giving 60 (Sixty) day’s written notice or 2 (Two) month’s salary which is based on annual fixed compensation, in lieu of notice to the Employer. The Employer may terminate the employment by giving 60 (Sixty) day’s written notice or 2 (Two) month’s salary which is based on annual fixed compensation, in lieu of notice to the Employee, subject to the release date being approved by the Employer. During the notice period, the Employee shall cooperate with the Employer in ensuring smooth transition and handover of responsibilities failing which the Employer shall be authorized to withhold/forfeit your dues. b. This Agreement will automatically terminate, as a result of retirement, upon the Employee attaining the age of 65 years.
Appears in 6 contracts
Samples: Employment Agreement, Employment Agreement, Employment Agreement
