An unlimited contract has no such period clause or number of years, and therefore, has no end date. However, a notice period of one to three months is applicable for termination of contract from either side.
How much will you get?
Less than 1 year of service
Leaving work before completing one (1) year of service means that you are not entitled to any gratuity pay.
Between 1 year and 3 years of service
Employee is entitled to one third (1/3) of the 21-days gratuity pay.
Between 3 years and 5 years of service
Employee is entitled to two thirds (2/3) of the 21-days gratuity pay.
5 or more years of service
Employee is entitled to full 21-days gratuity pay.
7. Moving on
Once you’ve completed all the paperwork, make sure to be professional and don't burn any bridges. Sometimes, things might be awkward while you’re serving your notice period. Just maintain your professionalism.
Your employer also cannot prohibit you from working in another company or any industry after you have resigned and served your notice period. You are free.
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