Notice Period Explaination

“ Termination of Employment Either party can terminate this employment by serving a notice of 60 days on the other. The Company may at its absolute discretion make a payment representing salary (basic) in lieu of notice of termination. However, for cause like misconduct, gross negligence, willful insubordination or disobedience, misbehavior or non-performance, Tech Mahindra Limited. may terminate your services with immediate notice. The Company shall have the right to place you under suspension on subsistence allowance and benefits as applicable pending any investigation into potential dishonesty, gross misconduct, misappropriation, gross negligence, fraud or other circumstances, which expressly provides for termination of your employment which if proved, would entitle The Company to dismiss your services summarily. In the event of your serving on The Company a notice of termination of employment by submitting a resignation letter, your release will be governed by the relevant policies in force at that point in time, subject to satisfactory handing over of your duties, responsibilities, Company documents, Company assets, etc. to the relevant parties. In case of Associates who are governed by any other service agreements) for serving a minimum stipulated period, the associate will need to mandatorily fulfill requirements of Clause 3(a) along with applicable exit policy clauses under stipulated service period agreed to and provided therein. Unauthorized absence or absence without permission from duty for a continuous period of 7 working days would make you lose your lien on employment. In such case your employment shall automatically come to an end without any notice of termination. You will be governed by The Company's laid down Code of Conduct and if there is any breach of the same” No where does it mentions what can I do if I don’t want to serve my notice period. I am ready and willing to pay my 60 days basic salary.