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Early Release From Notice Period for India

Early Release From Notice Period Template for India

This document serves as a formal agreement between an employer and employee in India, facilitating an early release from the standard notice period requirement specified in the original employment contract. It outlines the mutually agreed terms for early release, including the revised last working day, final settlement details, and any conditions attached to the early release. The agreement ensures compliance with Indian employment laws while protecting both parties' interests through clear documentation of the waiver of the remaining notice period and associated obligations.

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Early Release From Notice Period

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What is a Early Release From Notice Period?

The Early Release From Notice Period agreement is a crucial document used in Indian employment contexts when an employee and employer mutually agree to shorten the standard notice period specified in the original employment contract. This document becomes necessary when an employee needs to leave before completing their full notice period, whether due to a new job opportunity, personal circumstances, or business requirements. It protects both parties by formally documenting the mutual agreement to waive the remaining notice period, outlining the terms of early release, and addressing key aspects such as final settlements, handover requirements, and ongoing obligations. The agreement must comply with Indian employment laws, including the Industrial Employment (Standing Orders) Act and relevant state-specific labor laws, while ensuring all necessary approvals and documentation are in place.

What sections should be included in a Early Release From Notice Period?

1. Parties: Identification of the employer and employee, including their legal names, addresses, and relevant registration/identification numbers

2. Background: Brief context including original employment date, notice period requirement as per employment contract, and reason for early release request

3. Definitions: Key terms used in the agreement including 'Early Release Date', 'Original Notice Period', 'Final Settlement' etc.

4. Early Release Terms: Specific details of the early release including the agreed last working day and any conditions attached

5. Mutual Release and Waiver: Statement of mutual agreement to waive the remaining notice period and release each other from related obligations

6. Final Settlement: Details of final payment including salary, benefits, and any adjustments

7. Company Property: Requirements for returning company property and documents

8. Governing Law: Specification that the agreement is governed by Indian law

9. Execution: Signature blocks for both parties

What sections are optional to include in a Early Release From Notice Period?

1. Confidentiality Obligations: Reiteration of ongoing confidentiality obligations, used when employee has access to sensitive information

2. Non-Compete/Non-Solicitation: Reminder of any existing non-compete or non-solicitation obligations, included if these were part of the original employment agreement

3. Handover Process: Detailed process for knowledge transfer and work handover, included when employee handles critical responsibilities

4. Outstanding Projects: List of projects or tasks to be completed before departure, used when specific deliverables need to be finished

5. Reference Letter: Terms regarding the provision of reference letters, included when agreed as part of the early release

6. Dispute Resolution: Specific provisions for handling any disputes, included in cases where significant financial or legal implications exist

What schedules should be included in a Early Release From Notice Period?

1. Schedule 1 - Final Settlement Calculation: Detailed breakdown of final payment including salary, leave encashment, and any other dues

2. Schedule 2 - Handover Checklist: List of items, documents, and access credentials to be returned or transferred

3. Schedule 3 - Pending Work Status: Status report of ongoing projects and responsibilities

4. Appendix A - Original Employment Agreement Extract: Relevant excerpts from the original employment agreement regarding notice period

5. Appendix B - Employee Clearance Form: Departmental clearances required before final settlement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Document Type

Termination Letter

Cost

Free to use
Relevant legal definitions
























Clauses






























Relevant Industries

Information Technology

Banking and Financial Services

Manufacturing

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Healthcare

Retail

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Human Resources

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Operations

Information Technology

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Research and Development

Administration

Relevant Roles

Software Engineer

Project Manager

Business Analyst

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Sales Executive

HR Manager

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Operations Manager

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Product Manager

Department Head

Team Lead

Customer Service Representative

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Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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