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How to Label Salary Notice

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If a notice period such as one month is required for an employer to terminate a contract, a 'payment in lieu of notice' is immediate compensation at an amount equal to that an employee would have earned as salary or wages by working through the whole notice period: for example, one month's salary.
Pay in lieu of notice. If a notice period such as one month is required for an employer to terminate a contract, a 'payment in lieu of notice' is immediate compensation at an amount equal to that an employee would have earned as salary or wages by working through the whole notice period: for example, one month's salary
If you get a payment in lieu of notice it means that your employer pays your salary, and perhaps also benefits, for your notice period, but you do not have to work during that time. Pay in lieu of notice is also known as PILOT for short. Sometimes it's also referred to as wages in lieu of notice.
It means that an employee can insist on keeping the contract alive where an employer purports to terminate in breach of contract, leaving the employer with no option but to terminate lawfully by giving contractual notice or making a payment in lieu where it has a contractual right to do so.
Entitlement under reg. 14 does not vary if the employer makes a payment in lieu of notice to cover the full notice period. Therefore, in general, the payment in lieu of notice need not reflect holiday that would have accrued beyond the actual date of termination, unless the contract provides otherwise.
A payment in lieu of notice should include all the remuneration and benefits to which the employee would have been entitled under their contract during the notice period. This includes any contractual benefits such as health insurance, a car allowance or contractual bonuses.
Pay in lieu of notice. If a notice period such as one month is required for an employer to terminate a contract, a 'payment in lieu of notice' is immediate compensation at an amount equal to that an employee would have earned as salary or wages by working through the whole notice period: for example, one month's salary
PILOT is a payment made to an employee when employment is terminated without notice, instead of the employee working through a notice period and receiving pay in the normal way. Without contractual provision, a termination of employment with PILOT is likely to be a breach of contract.
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