Meaning of the word "notice period" in English

What does "notice period" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

notice period

US /ˈnoʊtɪs ˌpɪriəd/
UK /ˈnəʊ.tɪs ˌpɪə.ri.əd/
"notice period" picture

Noun

the length of time an employee or employer must give in advance if they want to end an employment contract

Example:
My notice period is two weeks, so I'll be leaving at the end of the month.
The company requires a one-month notice period for all resignations.