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If you get a payment in lieu of notice it means that your employer pays your salary, and perhaps also benefits, for your notice period, but you do not have to work during that time. It's also known as PILON for short and sometimes called wages in lieu of notice.
Which means if the employee does not give one month notice or as many months as prescribed, in the letter of appointment, he/she has to pay one month salary or as many months salary as prescribed in the letter of appointment.
You are entitled to be paid your wages for the hours you worked up to the date you quit your job. In general, it is unlawful to withhold pay (for example holiday pay) from workers who do not work their full notice unless a clear written term in the employment contract allows the employer to make deductions from pay.
An employer may place a reasonable cap on the vacation leave an employee can accrue. MT Dept. of Labor and Industry FAQ. An employer cannot implement a 'use it or lose it' vacation policy requiring employees to use their vacation leave by a set date or lose it.
Just know that you may be forfeiting a good reference and running the risk of hurting your professional reputation (at least within your current company). That said, if you don't make a habit of quitting without notice, you'll mostly likely be just fine.
When an employee is paid money that he or she would have earned through working during the contracted period because he or she is being terminated without notice, it is called wages in lieu of notice. A contractual period for notice may be included as a term in an implied or express contract.
You are entitled to be paid your wages for the hours you worked up to the date you quit your job. In general, it is unlawful to withhold pay (for example holiday pay) from workers who do not work their full notice unless a clear written term in the employment contract allows the employer to make deductions from pay.
Private sector employers are not required to pay out severance pay, sick leave or paid time off (PTO). These are considered benefits and may be paid based on the employer's policies. There is no requirement in state law to provide these benefits.
Montana law does not require that employers provide mandatory paid sick leave or parental leave. Although if employers have promised sick leave, they may be under obligation to provide it. Montana law states that accrued vacation days are considered to be wages.
Final paychecks in Montana If an employee is terminated or laid off, they must be paid all final wages immediately upon separation unless there is a written policy that extends the payment to the next regular payday or within 15 days, whichever comes first.