RE: Legal Opinion regarding change of Appointment Letter Clause.
We refer to your letter dated 11 January 2006 on the above subject.
We are of the opinion that there is no legal bar under the relevant Bangladeshi Labour law restricting the changes contemplated by the Bank. However, instead of deleting and replacing clause 13 of the appointment letter and adding a further clause, we suggest that clause 13 may be deleted and replaced with the following clause:
“13.Your employment may be terminated by three (3) months’ written notice or in lieu thereof payment of three (3) months’ salary, provided that in case of termination by you, it will be at the sole discretion of the Bank to accept payment of three(3) months’ salary in lieu of the requisite notice period.”
If you have any further query, please do not hesitate to contact us.
For: “The Lawyers & Jurists”