Notice Period


Also found in: Acronyms.

Notice Period

The time during which the buyer of a futures contract can be called upon to accept delivery. Typically, the 3 to 6 weeks preceding the expiration of the contract.

Notice Period

1. In futures trading, the period of time before the expiration of the future contract during which the buyer may be called upon to accept receipt of the underlying. The specific length of the notice period varies and is set in the contract, but is generally three to six weeks prior to the contract's expiration. See also: Settlement date.

2. A period of time before which an employee, by contract or by courtesy, must inform his/her employer of his/her intention to leave the current job. If no specific notice period is set in a contract, then it is usually assumed to be two weeks. However, notice periods may be set to as long as six months or one year.
References in periodicals archive ?
He has to serve a onemonth notice period so we have decided that we will engage him in a short teaching programme for those seeking diploma courses in coaching," Thomson told M AIL T ODAY .
Kingsley Healthcare now says it is changing the notice period from 28 days to seven.
It is simple to take that service period and plug it into the statutory grid to determine the legal minimum notice period.
A notice period requires an investor to wait a specified length of time, typically one to three months, before a redemption request is processed.
The fact that the employee is about to leave and is currently working out her notice period will have no impact on her right to qualify.
He said Knowsley had originally proposed reducing the notice period from eight months to four months.
The club has revealed Ms Brady will receive a full year's salary of pounds 179,372, despite not having to work her 12-month notice period, on top of a one-off bonus payment of pounds 520,000 and a further pounds 260,000 dependent on the Blues staying in the Premier League.
I recently resigned from an organisation before completing two years of service due to medical reasons and I was asked to pay the visa charges as well as compensation for the three months notice period.
Andy Macfarlane, Scottish regional industrial officer for Unite, said: "We will be taking up a grievance on behalf of our membership with a view to questioning the validity of the 30-day notice period as opposed to the 90-day notice period.
Last week we reported that Graves had criticised the two-month notice period for the introduction of the levy.
She encouraged Woleslagle to work during the two-week notice period.
Because of a shortage of pilots the airline has extended the one-month mandatory notice period to six months.