Notice Period

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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 ?
From conditions of notice periods to arbitrary dismissals, there are laws protecting both employee and employer interests.
India-based Yes Bank (YESBANK.NS) has said that it has cut its employees' notice periods.
Therefore, employers who have in place notice periods which exceed three months should be mindful that this could be subject to challenge.
IEmployers wishing to terminate the employment of well-paid employees on long notice periods will be advised to scrutinise the conduct of employees to see if there are grounds to justify dismissal without any notice.
Long notice periods will breed apprehension among teachers.
Contract notice: Supply of natural gas for the city of Kehl; delivery over two years with the possibility of renewal for a further year, unless the contract of one of the parties in accordance with the prescribed notice periods (client 9 months, 10 months contractor) is terminated.
Some of those applicants are already in jobs elsewhere and those jobs have notice periods although often, in sport, when a coach clearly wants to leave, a notice period will be waived or "sold" for a compensation fee.
The new card, featuring all-important stats and facts relating to employee payments and notice periods, has been produced by law specialists De Marco Solicitors in Coventry.
Two years employment service includes probation and notice periods. If there is a dispute regarding the joining date of an employee, the contract date may be considered as final.
Would the Court respect the implied intentions of the employer and these employees from their contract and actions, which embraced the minimum legislated notice period? By inserting notice period terms in the contract, did both parties consider and evaluate the notice issue and evince a clear intention not to provide for significantly longer common law notice periods?
Hedge funds often impose lockups and notice periods to limit the ability of investors to withdraw capital.