Notice Period

Organization is having the below clause "This contract of employment is terminable by Ninety days advance notice by the Company on payment of Basic salary in lieu of notice, and the Company in such a case is not bound to give any reason, therefore. The employee can terminate the contract by giving Ninety days advance notice to the Company. Further in case agreeable by the Company the employee may terminate the contract of employment by paying Ninety days basic salary in lieu of Ninety notice period. Notwithstanding anything aforesaid the Company reserves the right of immediate termination in case of gross negligence, misconduct, lack of integrity, loyalty and unfair / unethical practice" Manager is not agreeing for early release neither buyout of notice period. If i serve the notice period will loos the other organization offer. I have already put down my papers ( resignation over mail. Verbally asked for early release in lieu of notice period buyout which manager is not agreeing to