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statutory minimum notice period
The minimum period of notice required to terminate employment under section 86 of ERA 1996. Employees with between one month and two years' continuous service are entitled to at least one week's statutory notice and, thereafter, to a further one week's notice for each complete year of continuous employment, up to a maximum of 12 weeks' notice after 12 years. The minimum notice to be given by an employee after one month's continuous employment is one week. The parties may agree longer notice periods. In the absence of express agreement, the common law may imply a longer notice period if it is reasonable.
Related links
ERA 1996
contractual notice period
notice

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.