Sample Of Resignation Letter With Buyout
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FAQ
Negotiate the exact duration of the notice period and the buy out option with the HR department. Find out the exact amount to be paid to the company to buy out the notice period for immediate release. You can pay the amount or adjust it in the full and final (F&F) settlement to be relieved immediately.
In case an employee has to leave the job on an urgent basis due to studies, early joining in the new job or any other reason, he has an option of notice buyout. The employee has to make payment for the notice period not served and this money is reimbursed by the new employer if he is joining somewhere.
I have got an offer from other company and they are asking to join in 1 month because of urgent requirement. They are ready to buyout the 2 months notice. As per my offer let... I want to leave my organisation and I cant serve 2 months notice period.It is not practical to serve 2 months notice period.
Please accept this letter as formal notification that I am resigning from my position with <company name>. Please be assured that I will do all I can to assist in the smooth transfer of my responsibilities during my notice period.
In case an employee has to leave the job on an urgent basis due to studies, early joining in the new job or any other reason, he has an option of notice buyout. The employee has to make payment for the notice period not served and this money is reimbursed by the new employer if he is joining somewhere.
