If there is a specific notice clause in the contract of employment, it is mandatory that the employee should serve the entire notice period or request permission for buy-out. Only in such a situation, the employee can make a request for adjustment of the no of EL at credit against the notice period either in full or in part. Again, encashment of EL on termination is a matter subject to the provisions of the Labor Law of the country or the terms of the contract of employment. Noteworthy is the fact in such a situation that it is the discretion of the employer as a superior party to the contract to accept or turn down such a request.