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232 months ago

Barbara Cochran (a guest user) asked this question:

Language pair:	French > English
Subject:	Technical / Engineering
Level of diffculty:	Easy / medium
Word or term in question:	indemnite compensatoire de pre
Context:	Sans prejudice des modes gener
Keywords:	...prendra fin: moyennant paie

 

The answer of Sujyotee   was rated best

Payment in Lieu of Notice (PILON) -

My comment:

Definition: Pay in lieu of notice is money paid to you as an alternative to being given your full notice. It can either be set out in the contract as an option for your employer or it may simply be paid to cover any potential damages for breach of contract.

My references:

I found "Payment in Lieu of Notice (PILON)" in several UK government websites i.e. http://www.direct.gov.uk/en/Employment/Employees/RedundancyAndLeavingYourJob/DG_10026689

www.hmrc.gov.uk/manuals/eimanual/EIM12975.htm

The asker's comment:

Thank you very much, Sujyotee.

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