You shall be required to undergo a probationary period of 3 months at the end of which you performance will be reviewed. At the Company's absolute discretion, the probationary period may be extended for a further period of 3 months. During the probationary period, should you decide to resign you will be required to compensate the company an equivalent of one months gross salary.
Notice of Termination:
Either party giving 1 week's notice during the probationary period in writing to the other party without giving any reasons. If the Company extends your probationary period, the period of notice will to be given by you or the Company to terminate your employment shall remain one week.
Hey everyone, I was hoping you guys could help shed some light. I'm unpleased with my job and want to leave. I'm coming nearing the end of probation in the next few weeks. Above are the clauses in my contract, pretty standard I suppose. On the contract my start date is the March 14th but actual start date was the 21st.
My question is, if I await until the 15th of June to submit my letter and begin the resignation period of one week, my official last day would be the 22nd of June, will I still be entitled to pay 1 the penalty? Does "resignation" refer to the day I submit my letter or does it mean the actual last day of working?
I would greatly appreciate your advice!
