Resignation letters with buy out of notice period(5 samples)

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This blog post will show you samples of “resignation letters with buy out of notice period.”

Writing a “buy out of notice period resignation letter.”

Each organization has a minimum notice period that you are supposed to submit your resignation. However, an emergency may happen and it may be impossible to submit your resignation letter early.  If you wish for an early release you can negotiate or buy out your notice period from your present employer.

When writing a “buy out of notice period resignation letter,” these are some of the things that you need to write.

  • The first step is to request your boss for an early leave and the final work date. Keep it short as the essential part of the letter is the last date of your work. You can request to pay a buyout.
  • Indicate the reason you are leaving your job. It would be best to be polite as you will leave a positive impression on your employer.
  • Finally, thank your employer for the position and the opportunities you have enjoyed during your work period.

Sample 1: “Resignation letter with buy out of notice period”

“Name, 

Position, 

Organisation Name 

Address 

Date

Dear (line manager name – eg., Mr Smith, or first name if appropriate)

Please accept this as formal notice of my resignation from the position of (your job title and site/department/division as applicable), with effect from (normally date of the letter or receipt of letter – check your contract – if in doubt refer to the date of the letter).

I realise that my contract of employment requires me to work until (the date that your employment ceases according to the notice period, calculated from your stated effective date of resignation), however, I’d be grateful to be released earlier on (the date that you need to leave) and will assume that this is acceptable unless you inform me to the contrary.

(This part is optional:) While I believe that I am moving for good reasons, I am sorry to leave, and I thank you for your support during my time with the company, which I have found enjoyable and fulfilling.

(And if applicable:) Please let me know the arrangements for handing back equipment, company car, etc, and handing over outstanding work and responsibilities.

Yours sincerely,”

Sample 2: “Resignation letter with buy out of notice period”

“(Write the name of the Department head) 

(Write the address of the organization ) 

(Write the date when you are going to write the letter) 

Dear Sir/ Ma`am, 

This is in connection with my resignation which I filed last (Write the date of your resignation). I have stated all the reasons for my resignation and we have agreed that whatever dues that I still have I will be settling them as soon as possible and with that, we have parted on good terms. 

I am sending this mail to settle my unpaid dues and whatever that I may still need to settle in your organization. It would be a big help if you can send me the overall breakdown of the amount that I am about to settle through this address Anna Marie Sy. Tan, 939 Vallever Ave.Makati City, Manila. I will settle them as soon as I receive the breakdown amount the soonest. You can reach me by this number 065-212-3456. 

Thank you so much! 

Truly, 

(Your signature over printed name)”

Sample 3: “Resignation letter with buy out of notice period”

“From:

Richard Brown

54- B, St. Augustus Street

New York

Date: 23.01.19

To,

Mr. Jonathan Myres

HR Manager

Hi-Tech Software Ltd.

New York

Sub: Resignation Letter with Request to Reduce Notice Period

Dear Sir,

I am submitting my humble request to have an early relive from the Company. I understand that as per the mutually agreed terms and conditions at the time of appointment, the notice period will be of 30 days and therefore, I am writing this letter to request you to please request this duration from 30 days to 10 days.

This is because I have got a new job in California. As you are aware that I stay alone in New York and my family is settled in California. Therefore, it is a wonderful opportunity for me to stay with my family. But the Company wants to me join within ten days.

I will make sure that I will wind up all the work and finish everything within 15 days. I am also ready to work beyond working hours to transfer all my duties. I am very hopeful that you will consider my situation and reduce the notice period to 10 days.

Thanking in anticipation.

Sincerely,

Richard Brown”

Sample 4: “Resignation letter with buy out of notice period”

“From:

Rita Ora

54- B, St. Augustus Street

New York

Date: 23.01.19

To,

Mr. Jonathan Myres

HR Manager

Hi-Tech Software Ltd.

New York

Sub: Resignation Letter with Two Weeks Notice

Dear Sir,

I am writing this letter to submit my resignation and request an early relive from the Company. I am aware that the standard notice period for employees is of 30 days. I request you to please reduce the notice period of 30 days to two weeks as have got a new job in Chicago and the Company wants to me join within two weeks.

I have had a wonderful time working in this Company for five years. These five years have been full of new opportunities and progress for me. I strongly feel that this new opportunity will help me move ahead in my career and achieve my goals and I am positive that you will be supportive of this decision.

I completely understand that the duration of 30 day notice period is for completing all the pending work and for transferring all my duties to the other employee. I promise to devote extra time to complete all my work and also pass on my duties within two weeks. I am hopeful that you will be kind enough to consider my request and approve it.

Thanking in anticipation.

Sincerely,

Rita Ora”

Sample 5: “Resignation letter with buy out of notice period”

“Date: 23.01.19

Dear Sir,

Sub: Resignation Letter with Two Weeks Notice

Dear Sir,

Please accept this email as a formal resignation letter as I am resigning from my position of Asst. Manager (Marketing) with New York Bank on January 23rd, 2019. I am aware that as per the Company’s policy, the standard notice period is two months.

I would like to request that Management consider my request for a shorter notice period because my circumstances require me to leave the job at the earliest. Therefore, I would be glad if you could consider my request and reduce the notice period to 15 days.

I thank you for all the opportunities and guidance you have provided me in the span of the last four years that have helped me grow. And it has been a wonderful experience working for such a reputed company. I will be happy to provide all possible assistance during this transition.

Thanking in anticipation.

Sincerely,

Andrew Kibe”

Frequently Asked Questions: Writing a “buy out of notice period resignation letter.”

How do you request a buyout?

Before requesting a buyout you need to investigate what the company offers and what other employees have paid. You can then compare with what the organization is skiing you to pay.

How is notice buyout calculated?

The notice buyout depends on the total number of days of the notice. You will be required to pay according to your salary or according to the company’s policy.

We hope the above blog post was helpful. Please leave your comments and questions below.

Citations

https://www.naukri.com/blog/how-to-negotiate-your-notice-period-for-resignation/

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