Payment in lieu of notice or PILON by definition is the compensation for the immediate dismissal of an employee. Payment in lieu of notice was a clause designed to protect employee rights to the money they would have earned if they were to work throughout their notice period. The PILON clause is the typical course of action when:. Definition and Examples of Pay in Lieu of Notice . Pay in lieu of notice is compensation paid to an employee when their employment has been terminated, and the employer has decided to provide pay instead of having the employee work during the notice period.The employee is paid what they would have earned in wages during the notice period if they are covered by an employment contract, company.

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Payment in lieu of notice is calculated by multiplying an employee's regular monthly salary by the duration of their notice period. For example, if an employee's monthly salary is $20,000 and their notice period is one month, their payment in lieu of notice would be $20,000. There are several factors that may be taken into consideration.. Payment in Lieu of Notice (PILON) is a payment made to employees instead of requiring them to work during their notice period. The calculation of PILON is based on the employee's salary, whether it is paid monthly or hourly. However, keep in mind that PILON is not considered pensionable, which can have implications on the overall benefits an.