I'm sorry, but you've been fired. It's been done professionally (or not) but the result is the same - you've lost your job. You are an ex-employee. Time to haul-ass!
Now let's talk about money. You're entitled to be paid up to the point you've been given the news or the end of the month maybe, plus your notice period, plus any holiday days that you've accrued, plus any guaranteed commission payments and bonuses, plus any company pension contributions. And if you have medical cover, that should continue during your notice period with any treatment started being continued after your notice period has expired.
Let's say you have 3 months notice in your employment contract (you did sign an employment contract didn't you?), you're entitled to be paid those additional 3 months. However, your company can also ask you to work those 3 months. But (and here's the thing) most companies won't want to keep you around that long - you are no longer motivated, won't feel like doing a good job, your customers might be worried and your mood may affect the rest of the team.
So your manager is going to say, "We're prepared to let you go early so you can find another job, but if we do, we won't be paying your full notice period."
And sharp as a Great White's teeth on baby seal flesh, you say, "I want to be clear with you that I'm prepared to work my full notice period."
Not that you really want or expect to.
But you've told him you want all your notice period money. Ninety-nine times in 100 he's going to say, "OK, we'll want you to go earlier, but we'll pay your full entitlement." And the chances are that you'll be out on the street before sunset with an agreement to be paid your full notice period. Your manager my threaten gardening leave, but once things have cooled down s/he'll see the logic of not enforcing this and you'll be free.
So:
"Go early, don't get paid full notice period" - if you accept, you LOSE.
"Go early, don't get paid full notice period" - if you refuse and offer to work, you WIN.
Make sure you get it all in writing - your end date, that you'll be paid your full notice period, plus holiday, bonus, commission, medical cover, pension contributions etc.And that any expense claims will be paid in full. If you're senior enough you may be asked to sign a Compromise Agreement, which basically says that for the money and the freedom you won't say anything horrible about the company or the people in it, and that you've returned or destroyed all the confidential information you were holding.
Oh, and it's good if you can record the meeting with your boss during which you've discussed these matters. Just in case!
Good luck with your new job.
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