Partial Payment in Full and Final settlement

Ask the Community Payroll
,
1

Hi,

Is Partial Payment in Full and Final settlement process allowed as per rules?

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2

Hi Manasa,

The employer can partially pay and it is recommended to get it documented and signed by both the employer and employee stating:

  • The full and final settlement claims/amount
  • The partial payment that is paid/received by the employee, and
  • A note on the reason for partial payment, and balance amount that has to be settled.

Employer when justified to pay partially the above document helps.

Regards,
Bhuvana Anand

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3

Hey @Bhuvana_Anand Is there any way on greythr, I can payout partially(50%) to employee on notice period & upon FnF, the balance holdout payment get released, once employee handover all the company’s assets.

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4

Yes, it can be done.
You can also refer to Hold employee’s payout

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