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I wanted to know what does this statement means on my contract: Notice of Termination "After the probationary period, you may terminate this Agreement at any time on at least 2 (two) weeks written notice to the Company. The Company may, in its own discretion, waive such notice and pay out the balance of the notice period given." Based on this statement, am I entitled to 2 weeks of pay if the company terminates me and tells me to leave the company immediately?

That section does not deal with termination of your employment by the company. It deals with your resignation. There would be another section dealing with termination by the company.
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