Myqsoft Leave Policy – One Page Summary

Effective Date: 01 March 2016
Applicable To: All permanent team members of Myqsoft. Maternity Leave is applicable separately as per law.

Types of Leave

1. Casual Leave
Employees are entitled to 12 casual leaves per year, credited monthly as 1 leave per month. Casual leave can be used for vacation, personal work, or a break from work. Unused casual leaves can be carried forward up to 30 days and may be encashed during full and final settlement, subject to policy conditions.

2. Sick Leave
Employees are entitled to 6 sick leaves per year, credited monthly as 0.5 leave per month. Sick leave is available only after completion of 3 months. Unused sick leave can be carried forward up to 18 days but is not encashable.

3. Compassionate Leave
Employees may be granted up to 2 days of compassionate leave in case of death in the family. These leaves cannot be carried forward or encashed.

4. Paternity Leave
Employees are entitled to 2 days of paternity leave for each child, limited to a maximum of two children. It must be taken within 8 weeks from the date of birth.

5. Maternity Leave
Female employees are eligible for maternity benefits as per the Maternity Benefit Act, 1961. Eligible employees may receive 26 weeks of paid maternity leave for delivery and 4 weeks in case of miscarriage.

Important Rules

Employees must inform their reporting authority about absence on each day of absence. Excessive absence may lead to disciplinary action, including termination.

If leave is taken without approval or without informing the supervisor, the employee will be marked Absent. More than 3 absents may lead to termination without notice.

Leave taken without available balance will be treated as Loss of Pay.

During notice period, employees may avail up to 5 leaves per month, subject to manager approval and available leave balance.

Employees are required to serve 2 months’ notice in case of resignation or termination, unless early release is approved.

Weekend Leave Rule

Weekends will be counted as part of leave if an employee is absent for more than 3 days in a week. If unplanned leave falls on Friday or Monday, the intervening Saturday and Sunday will also be counted as leave.