This form is a sample letter in Word format covering the subject matter of the title of the form.
Acceptance of resignation letter with pay in lieu is a formal acknowledgment by an employer in Malaysia that they have agreed to accept an employee's resignation and compensate them for the notice period that they did not serve. This arrangement allows the employee to be released from their duties immediately upon submitting their resignation, receiving their salary in lieu of notice. Keywords: resignation letter, pay in lieu, Malaysia, acceptance, employer, employee, compensation, notice period, duties, salary. There are two main types of Acceptance of resignation letter with pay in lieu in Malaysia: 1. Voluntary Resignation: A voluntary resignation letter with pay in lieu is submitted by an employee who willingly chooses to end their employment. This can occur due to various reasons, such as pursuing better career opportunities, personal reasons, or changes in circumstances. The employer acknowledges the employee's decision and agrees to compensate them for the notice period they did not serve. 2. Employer Initiated Resignation: In certain cases, an employer may initiate the resignation of an employee through mutual agreement or as a part of a redundancy exercise. This type of resignation may happen due to organizational restructuring, downsizing, or changes in business needs. The employer accepts the resignation and compensates the employee for the notice period agreed upon, providing them with pay in lieu. The Acceptance of resignation letter with pay in lieu in Malaysia typically includes the following elements: 1. Employee's Details: The letter begins with the employee's full name, position, and employment details, including the date of joining and the department they work in. 2. Employer's Details: The employer's details are mentioned, including the company's name, address, contact information, and the name of the authorized person handling the resignation process. 3. Resignation Acknowledgment: The letter explicitly acknowledges the employee's resignation and states the last working day as per the agreement made. The employer confirms that they accept the resignation, waiving the notice period, and mentioning the entitlement of pay in lieu. 4. Compensation Details: The letter specifies the amount of pay in lieu that the employee will receive, which is calculated based on their salary and the number of days of notice period they did not serve. It may also include any additional entitlements such as accrued leave, benefits, or bonuses. 5. Tax and Other Deductions: The letter mentions any applicable tax deductions or other payable deductions from the pay in lieu amount. 6. Final Settlement and Clearance: The employer outlines the process for the settlement of any remaining dues, return of company assets, and any other formalities that need to be completed before the employee's departure. 7. Contact Information: The letter provides contact information for the employee to reach out to in case of any queries or clarifications regarding the resignation process. Remember, the specific content of an Acceptance of resignation letter with pay in lieu may vary depending on the terms agreed upon between the employee and the employer.
