Do not want to serve complete notice period

ABC co. may terminate your employment by giving you ninety (90) days written notice of termination or by paying you sixty (60) days base salary in lieu thereof, at its discretion. You may terminate your employment with ABC co. by giving ABC co. ninety (90) days written notice of such termination or ninety (90) days base salary in lieu thereof. During the notice period, you are required to hand-over and transfer all your knowledge and responsibilities to the person designated by ABC co. prior to termination of your employment. Once you are deployed on a project, there will be no wavier of minimum notice period (90 days). In the event you fail to give the requisite notice to Takshashila Consulting prior to your resignation or if you fail to transfer your knowledge and responsibilities to the person designated by ABC Co. during your notice period, you will be required to compensate ABC Co. by payment of liquidated damages of a sum equal to your three month's gross salary which amount is the minimum damage which will be suffered by ABC Co in the event of breach of your said obligation and no further proof shall be required for quantification of the actual damage suffered by ABC Co.