PILON

(redirected from Payment in Lieu of Notice)
AcronymDefinition
PILONPayment in Lieu of Notice
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References in periodicals archive ?
The group of terminated employees claim they have been prevented from seeking new employment, and have been denied adequate notice, or payment in lieu of notice, simply because they were expatriates.
By far the most common of wrongful dismissal is when an employee is dismissed without notice or a payment in lieu of notice. Another form of wrongful dismissal is when an employer has dismissed an employee without following a contractual disciplinary procedure.
Another important consideration is payment in lieu of notice. Redundancy payments to a certain level can be tax free.