{"id":655,"date":"2022-05-12T20:08:53","date_gmt":"2022-05-12T12:08:53","guid":{"rendered":"https:\/\/seniorclic.hk\/?p=655"},"modified":"2022-09-15T16:29:47","modified_gmt":"2022-09-15T08:29:47","slug":"termination-of-employment-and-the-relevant-payments","status":"publish","type":"post","link":"https:\/\/seniorclic.hk\/en\/topics\/work-retirement\/employment-termination-of-contract-and-dismissal\/termination-of-employment-and-the-relevant-payments\/","title":{"rendered":"Termination of employment and the relevant payments"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Post Breadcrumbs&#8221; module_class=&#8221;breadcrumbs&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||30px||false|false&#8221; saved_tabs=&#8221;all&#8221; locked=&#8221;on&#8221; collapsed=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.17.3&#8243; 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admin_label=&#8221;Print&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"postprint\"><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><a class=\"print-page\" href=\"javascript:window.print()\"><img decoding=\"async\" src=\"https:\/\/seniorclic.hk\/wp-content\/uploads\/print.svg\"\/>Print<\/a><!-- [et_pb_line_break_holder] --><\/div>\n<p>[\/et_pb_code][et_pb_code admin_label=&#8221;Email&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"addtoany_shortcode\"><div class=\"a2a_kit a2a_kit_size_32 addtoany_list\" data-a2a-url=\"https:\/\/seniorclic.hk\/en\/topics\/work-retirement\/employment-termination-of-contract-and-dismissal\/termination-of-employment-and-the-relevant-payments\/\" data-a2a-title=\"Termination of employment and the relevant payments\"><a class=\"a2a_button_email\" 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global_colors_info=&#8221;{}&#8221;]<div style=\"\" class=\"wpavefrsz wpavefrsz-shortcode wpavefrsz-theme-dark\"><span class=\"wpavefrsz-text\" aria-label=\"\"><\/span><span class=\"wpavefrsz-minus\" tabindex=\"0\" aria-label=\"Decrease text size\" title=\"Decrease text size\" role=\"button\">-<\/span><span class=\"wpavefrsz-plus\" tabindex=\"0\" aria-label=\"Increase text size\" title=\"Increase text size\" role=\"button\">+<\/span><span class=\"wpavefrsz-reset\" tabindex=\"0\" aria-label=\"Reset text size\" title=\"Reset text size\" role=\"button\">=<\/span><\/div>      [\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Content&#8221; module_id=&#8221;content&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;50px||50px||true|false&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_post_title author=&#8221;off&#8221; date=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][et_pb_text _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>Regardless of whether you are an employer or employee, you should give either (1) formal advance notice or (2) wages in lieu of notice to your existing employer\/ employee for the termination of an employment contract.<\/p>\n<p>The length of advance notice (or the amount of wages in lieu of notice) for termination of a continuous contract of employment is determined as follows.<\/p>\n<h2>With an expressed agreement<\/h2>\n<p>Length of notice: As per the agreement, but not less than seven days<br \/>Wages in lieu of notice: A sum equivalent to the amount of wages for the notice period<\/p>\n<p>&nbsp;<\/p>\n<h2>Without an expressed agreement<\/h2>\n<p>Length of notice: Not less than one month<br \/>Wages in lieu of notice: A sum of not less than one month&#8217;s wages<\/p>\n<p>&nbsp;<\/p>\n<p>The items and amount of payments that are payable to an employee on termination of employment or the expiry of an employment contract depend on a number of factors such as the length of service, the terms of the employment contract and the reason for the termination of the contract. For quick reference, termination payments usually include:<\/p>\n<ul>\n<li>outstanding wages;<\/li>\n<li>wages in lieu of notice, if any;<\/li>\n<li>payment in lieu of any untaken annual leave, and any pro rata annual leave pay for the current leave year;<\/li>\n<li>any outstanding sum of end of year payment, and pro rata end of year payment for the current payment period;<\/li>\n<li>where appropriate, long service payment or severance payment;<\/li>\n<li>other payments under the employment contract, such as, gratuity or provident fund payments.<\/li>\n<\/ul>\n<p>An employer must pay all termination payments, except for severance payments, to the employee as soon as practicable and in any case not later than seven days after the date of termination or expiry of the contract.<\/p>\n<p>Employers who fail to pay termination payments when they become due are liable to prosecution and, upon conviction, to a fine of $200,000 and to imprisonment for one year.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regardless of whether you are an employer or employee, you should give either (1) formal advance notice or (2) wages in lieu of notice to your existing employer\/ employee for the termination of an employment contract.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false},"categories":[48],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - 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