Saturday, August 2, 2008

terminal leave - what is it?

terminal leave is the leave you take when you resign. there are usually two types of leaves - vacation leave,15 days and sick leave, 15 days for every one year of employment.

let's say you have been working for 1 year in a company and you have unused 5 days vacation leave. the requirement is you need to give 30 days notice before you resign. when you resign and tender your terminal leave, you can report to work for 25 days, with the 5 days of unused leave subtracted from the 30 days notice. that means you can stop reporting to work after 25 days only (rather than 30).

probationary employees usually do not earn vacation or sick leave days yet. that usually starts after becoming a regular employee.

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