Work out notice period buyout instantly with clear inputs, formula shown and shareable results.
A notice buyout is the per-day equivalent of salary multiplied by the unserved days. Whether the rate is calculated on gross or basic salary makes a large difference, and it is the single most important clause to check before agreeing an early release date.
Per-day rate
Per day = Applicable monthly salary / 30
Buyout
Buyout = Per-day rate x (Notice days required - Notice days served)
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.
Frequently yes, particularly for in-demand roles. Ask for it explicitly as part of the offer rather than after accepting.
It generally is where it reflects genuine loss, but clauses that operate as a penalty or restrain lawful employment can be challenged in some jurisdictions.