Re: LEGAL OPINION ON AGREEMENT FOR THE PROVISION OF SERVICES.
We refer to your letter dated September 25, 2006, our legal opinion ref: …………………dated July 25, 2007 and our subsequent conference on August 08, 2007 on the above subject.
In accordance with our conference on August 08, 2007, we suggest you to delete Clauses 7.6 to 7.11 of the Agreement for the Provision of Services and replace them with the following new Clause 7.6:
“7.6 The Firm, hereby authorises IFIL, during the continuation of this Agreement, to pay the Employees for and on behalf of the Firm the following:
a) Monthly consolidated salary of Tk. 7,000.00 (Taka seven thousand) only per month to the Employees employed by the Firm in Dhaka and Tk. 6,000.00 (Taka six thousand) only per month to the Employees employed by the Firm in Chittagong;
b) Conveyance (bus/rickshaw fares) for travels in connection with work under this Agreement.
c) Festival bonus to the Employees at the rate of half their consolidated salary;
d) Incentives at the rate of 0.10% to any employee who exceeds the target set by IFIL;
e) Discretionary annual increment to any Employee who performs satisfactorily, at the rate of Tk. 700.00 (Taka seven hundred) only per annual;
f) Higher remuneration at the discretion of the management of IFIL to any Employee who performs satisfactorily for two and a half years.”
If you have any further query, please do not hesitate to contact us.
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