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The period of notice required to be given under a term (whether express or implied and, if express, whether oral or in writing) of a contract of employment. The contractual notice period must be given as a term for a contract of employment whether expressed or implied.Most executive employment contracts are for a specified term: one, two, three, or more years. Employers are able to establish a pre-determined contractual notice period in the event the employee is dismissed. The employee notice clause need not be quoted verbatim in a contract, subcontract, or purchase order. Its intended purpose is to provide individuals with reasonable notice of their future dismissal, or pay in lieu thereof. A termination clause may also be included in an employment contract. Employers can rebut the "reasonable notice" presumption, but it's a difficult task. If your employment contract doesn't set out a notice period you should give a reasonable period of notice to your employer.