Pay in Lieu of Notice

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Pay in Lieu of Notice - (noun)


This is payment made to an employee for a notice period that they don’t have to work. The amount of money should cover all the money that would have been earned during the notice period.


Source: Adapted from Wikepedia
Example of Use: She was given payment in lieu of notice, so he didn’t need to go into work after she was informed of her dismissal.