- This topic has 7 replies, 7 voices, and was last updated 1 year, 1 month ago by
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MSo I work in a startup in bangalore, joined last year.
My Esops are supposed to vest in june, I resigned in April, I was okay with serving 2 months notice period (written in contract).
They pulled out all kinda tantrums to increase that, for eg when I said I can’t serve three months, they said, we will release you before june (so that I don’t get the ESOPs)
I eventually agreed to 3 months NP, now they haven’t released April’s salary (Payslip was released, but money not credited), when asked, they said all 3 months salary would be credited in FnF.
Is this even legal (no mention of this in my contract), what are my options?
Can’t survive w/o 3 months salary in Bangalore. -
LYes, that’s generally how it works in a job.
After you put down your papers, all payments are made lump-sum in a full and final settlement. This generally happens about 1-2 months after your last day at work.
Try to apply for an advance from the company and see if that helps?
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MLawyer here. What they are doing is not Legal. I would have suggested to proceed legally but I don’t want to agitate them by relieving you before June as you would lose your ESOPs. What you can do is create records. Send them emails asking for salary. Whatever you do, do it through email and a copy of those emails with you so that it can be used in future, if required. If you need any more advise, connect with me.
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QLawyer here.
– Does not appear to be legal. Notice Period does not mean complete severance of relationship with the Company. You still have to work and if you work, you should get paid, and you should get paid in time.
– Send written demands in Mail notifying them about the Salary. Submit that withholding salary dangerously puts you at peril and makes your survival difficult. Seek responses in writing only.
– if possible, you could consider not agitating before vesting of ESOPs. However, if survival itself becomes difficult, go legal.
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