Pay in Lieu of Notice. Instead of requiring you to work your notice, we may decide to pay you in lieu of notice, bringing your employment to an end there and then. Your payment in lieu will be made up of your net basic salary for the notice period less tax and NI contributions. Any payment in lieu will not include any payments such as any payment in respect of benefits; and any payment in respect of holiday entitlement that would have accrued during the notice period.
Appears in 3 contracts
Sources: Employment Agreement, Contract of Employment, Contract of Employment