-- ---'

MEMORANDUM OF SETTLEMENT

(UI!c;!!3rSections 18(1) and2(p)ofthe IndustrialDisputesAct, 1947),

Representing the Parties,EMPLOYER

Indian Oil Corporation Ltd.,

Refineries Division (including CorporateOffice), Pipelines Division, R&D Centre andAssamOil Division,NewDelhi 2.

WORKMEN

Indian Oil Corporation Pipelines Workers, Union,BKPL& PHBPL(Bihar Sector) &

Co-ordinator - Unions of Refineries Division(including Corporate Office), PipelinesDivision, R&D Centre and Assam Oil Division

Refinery Workers' Union,Guwahati Refinery,Guwahati

BarauniTelshodhak Mazdoor UnionBarauniRefineryBarauni

1. Shri PK GoyalExecutive Director(l/c)-(F),Refineries Division,Hqrs, New Delhi

Shri AK RauniarExecutive Director(HR)Pipelines DivisionHO, New Delhi'

3. Shri Sudhir BhallaExecutive Director(HR),Refineries DivisionHqrs., New Delhi

4. Shri AS B;:1SUExecutive Director(O)Refineries Division HqrsNew Delhi

5. Shri D SudhirGeneral Manager(HR)R&D CentreFaridabad

ShriCM Singh, President

1. Shri Pulin Goswami

Working PresidentShri MC Das

General Secretary

2.

1. Shri NP SinghDy.PresidentShri Ali AkhtarDy. General Secretary

2.

t~ Page 1 of 19

"",C',,; ..>:,..:'" ~..,~

Gujarat Refinery Kamdar SanghGujaratRefinery ,/

Gujarat '

.HaldiaRefineryEmployees'Union,HaldiaRefineryHaldia

IndianOil Mathura RefineryKaramchariSangh,MathuraRefinery,Mathura

..IndianOil Panipat Refinery Employees' UnionPanipatRefinery, Panipat

Indian Oil Workers Union,Refineries Hqrs.{including CO),New Delhi

Indian Oil (Refineries) OfficeEmployees UnIon, Kolkata

AO.C labour UnionAOD, Digboi

, , ,. '

Bongaigaon Refinery Employees Union

Indian Oil Corporation Mazdoor Union,GSPl, Guwahati

Indian Oil Corporation Pipelines WorkersUnion, BKPl & PHBPl(Bihar Sector)

1.

2.

S~ri M~ PandyaPr~sjc;l~ntShri RM,PatelVice President

1.

2.

Shri SB PatlariP~esident '

SAri'CK AdhikariGeneral Secretary

1. Shri UC VermaPre.sidentShli Rajes~ SharmaGenera,! $ecretary

Shr! Rajinder Singh Bhinder '

President$hri Sampuran SinghGeneral Secretary

2.

1.

2.

1.

2.

Shri Rajind~rKumar SharmaPresidentShri DR GudduGener~1Se9retary

Shri Bijoy DasPresidentShri JC pasGenera,!Secretary

1.

2.

1. Shri T HazarikaPre.siden!Shri Me ChetriJt. Secretary

2.

1. Shri M rswaryPresidentSAri PK SarmaGen. Secretary

2.

1. Shri Prakash KalitaPresidentShri Pradip Chandra KalitaGen. Secretary

2.

1. ShriRajKishoreSinghDy. President

2. ShriPramodKumar

\fv Ge,

neral Secretary

~ /~Page2 of 19

i''"

i.,/

Petroleum Employees Union,KAPL,Koyali"-,

. .IndianOil(Pipelines) Employees Association,HMRBPL,ERPL &PHBPL(Bengaland OrissaSector)

IndianOilPipelines Employees Union,WRPLRajkot

.. .

IndianOilPipelinesEmployeesAssociation,NorthernRegion

IndianOilPipelinesEmployeesAssociation,PL HO,Noida

Indian.OilSouthern Region PipelinesEmployees Union

TelAnusandhan Karamchari SanghR&DCentre, Faridabad

SUPPORTED BY (EMPLOYER):

. REF. HQRS.

. PL. HO

, . REF.l)NITSGUWAHATI

BARAUNI

GUJARAT

1.

2.

Shri VJ ChawdaPresidentShri Manoj HasotkarGeneral Secretary

1. ShriS ChakrabortyPresident

2. . Shri,.KP GhoshalGeneral Secretary

1. Shri P Bhaskar RaoWorkingPresidentShri RN RavalGeneral Secretary

2.

1., ',.'

Sh,n Lakhwinder SinghPresident " .

Shri Pushpinder KumarGeOercli;s.~cre~ary

2.

1. §l1.riDKCl1.aw./a,Pr~igel1t-, .' .

8hri At<ChughQ~neral.Secretary .

2.

1. Sl1riV SunderPresident.

2. Shri MKPKurup. Genera.I-Secretary,

1. Shri Amar SinghPresident, .

Shri MRajeshGeneral Secretary

2.

Shri. Leel3ee Ben, GM(HR)Ms. Malavika Naik, DGM(HR)Ms. Priti Choprc;t,DM(ER)

8hri JPradhan,. DGM(HR)

8hri WR Borbora, DGM(HR)

8hri T Balakrishna, DGM(HR)

8hri BArunkumar, DGM(HR)

f.CL-.

Page 3 of 19

HALDIA

MATHURA

PANIPAT.' ,

AOD" "

$'GR " "" ,

KOl. OFFICE

MUM.OF~l'dt;'"

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-PDR~ :" ':""

, PL:-ijEGIONS'"

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SttrtK:V;jay~,Q.g.M(HR): ," ", , " ,

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$hriR~i~~yK.~liia,GHRM, '" ,'" ,,', " ,

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~~~NK D~'~',~DG~(~~) " :",' "

ShriG'~f1oshat"j$GM(HR)' '

'$1'1"'1' "~::;Ck"'.l':"(jM (HR)

,..:,~ 'i}RQ,~l"", HRIJW(a,..,' "sJ1il:~':J1!k'Jr;:~H~lvr"'/'8~ri$~i'~~hNc;tir,DM(HR):",.;,",;';i":I",. ",;"",',::..'":,,,>,-,:,', , ,,'

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Page4 of 19

\

$~QRTRiGWALQfTH~CAS&

A LongTermSettlem~ntbitweenth~"M'C1~~gement'ofln~lIa~.'Oil"CorporatlQnUmlted,Refineries, Division(indudlngCorporatet>fflce;New Delhi),Pipeline,D.lvlsion,Research& Development

Centre,f9J;i.da6ad'qnd(~~Q1O!1,DI¥isJonfmo,the tecQg,m~~ed(c~Uni(?os',op:eratiflg,lnthe variousestablishroeq~..,10..,tI;I~tPI~iQn.sj..Q)r:JilQtp.t~, Office",N~: D:~l,hrand' AOD was signed on 04thJanuary2001fora periOQof 10yearseffec;tive from 1st JanWaty1997, to 3tstDecel11ber2006.,

", i<' " , ,,', ,',':', , .." ',/,;o:;,;c".,'" "',' \, ",' ,'," ,,"::, ';"" ,'" " ,'" ,

ConsequentuPonmergerof, erstwhileBongafgilon,Refinery & Petrochemicals UmltedwithIndian011CorporatiOJILimited,on 25th March,'20: ',$Qng,Cti9~onRefin~rYte~R) b~a.mepart,QfRefineriesl:)iVtSid~.:::-m~.";:~9fi.';' "~~r;ffl:~.j~t,,, ,.;~::,~~ff'~,:!at;~(~~d::;~l~W~rtS~(~'~fYi~~~': 'V\,~'

manage~entof BQ~g~~9'W':,

~~,

~,~,~ry~'a"

ntt'p,

e,

$ff6,

"',ft~m,

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nd BRP'E,

' n'1,

pro,

yeesUnion SignedOn

,

'(j8th,tVfardl.:20'~'~'a~a,$up:PJ~rn.,

en,

:t~d by"

,~nMoll dated ~5.01.2003 was alsofora p~riodof1'Oyea~from 1stJury1991to ~Otl1Jone'2aO7." ,

UP9n''eXpiryQf, ttle., ~pn~i,'r~rm :'$e,ttt~trie.r\('th;~,tE!~o~n\~~9;Ur1ionsof RefineriesDivision(iheludlng'Co!}"Or~te"OWtfe::'NeW"t?e'ffiY~\C"'Pi~elihs"fjfvi$loh,"~es~Mch'&[)eyaloprri~ritcentre,,~~rt~~~q~r.~h1f~~f!},'~~~I~t:ti)'¥I~~>~~~9t~ij)~~~~~~;f~nftt~;n'~~~~h~g;, ,Workn1~n''of8()r1gaJ~a,d~ Refirery~~~~rti~Ct"9;QI,~t;~~~,~~~rr~f.~~_~Ct~,tfat~o;iP~~t.~OQ9~",,' ','" '

,", ", ,',I :-"':;"":\.';"',"","':\,:""::t,:,:t;/~:<",t,'I::..,>,:',:':, ""::","/,'c',,)!,,:."':/"',, "" ,

After prC)tract~ di~tJ$~iOn~ t?~t;We.~~t~e, Mal'1~9~me!il~'()f,In,di~n,QU:c,QtJ)oratlon, Limited,R~~n~ri~D~Visi~,,:(ln~,~p~n~,~~rpp.tat~'~!f1:~,e;.:r.fe~, Qelhi)" ~p~H~~s plvis.ion, ,R~seardi &

, D~veto.pment ,~rm-e,.;, Ja"'9~t)~d" ~nd' '~rn.:. ,~,plf,;~,M.~iO'rr,l~er~tf1a"~rrefa~ecf ~o,,~S'M~n~g,~f11~nt'),":9~:~::'~~"X~~~~~i~e~,,:qtl~rt~'~f',~~\!~,rJ~,,E),r~~e).L\'~i~f~~tt1qitii~~~rP,t)rii~:''9fflc~,

, N€'I!,De~,hl)/~~IJ!~ \,'P'~V!~i~l:,~~~~~~.~ ,;?~Y~~f)~e,~t;~';C~*~I,:)~;~rfdaba~i~~d, AsS~rn '°,11'DIVlsI!~p, (heretryC}'~t'if~!~rr~,,~~',~$,,~'u'.~t<1~~}t~~ ;J~()W~ttg':Settta~nt;Mas:been amv~datbetween the p,attles.:LJotons'Jt1av~:'a«epted'ttie;,tefi_':(Gf .'~J$:;~tttett!JeJ1t:In ful~and~'finalS~ttle'T'~~~ ~f~it {j~rnaqq$;e~fil.~~.ln~Jp:,~,h~lV;:,m~~er'~f'm~~~l1d$;: at'\~'!()th~~.d~rt1andssubmitted

fr()mtjmatoq~e'~~)'t"j~;1~a(~."",,':'::"~"":';,,~:~:/ ',','i' ,,":""::':\"""';':;"',' ','", '," "

'; , ""'ERMS)QF:S.:f'.""EM~t" " ,',", , ," ::"',,:'-', ",> ',' '( > ::""~"", ':' "

, ,

1.0 ObjectiveOf~h~S~ttlem,gnt:,-;:: , ,

Indian Oilhas' ltIade:irapid"Sttjd~sifiltffefflit'iSO,~ats of Its exfsten~e'and has crossed severalsignificantmilestdnes. The::C:otporati,OI!1ha$:cFr~C()tdpfrunMthg lts'dperations on a consistent

arid'sustai~ed QaS,i$$9.J~~:~'~m~r,9~r'~~,'m~':'~Q~~'Ii,pe.,:~ftifQ~,,~oqn~~Jnnt;1~Wi~:tI1,iSiithascreateda sh~red:,vr~,iCfn,tq."DeJth4t'.,!'W}tn"~$~fr~trqf\s'~'t~ b~~o~E!"a',GrQbalt'tAdmlted 'torni>ariy', "WJm?thEr',,~thl~;:Q!J. " , , ";~"~6r~;l;:,!~hVif~m.~ht'r:1nn6vatlQo;,,anclPeople being th~"'$Vp~~Ve'ptJf~rs.,',tH(j"r)WhitibriseekSto:f6ste't 'lrtmnsic"values'of tare,Innovation,Pa$Si6h,iaRdTra$t:iltf~nit$tt~risactl'ort$withinandoutsidE!itssphereof operations., ' ':'.. ": ,,', ' """"",

In order to achleve,the Vi~IQ,nof th~,($rp9r~~qQ"JJ[]IQ.n$',c;I:~~~~,.tQ,~~dedt~~e~nd'pl'eQg~:

1.1 To ensur~ COh~ntlo~s value a~ditton to prO

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Ra

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nd

,

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cesses by workmen

, ,commensurate Wlthfalf compensation. "l ," "" ,, ' ,

Page5 of19

, 1.3

1.2 TQfin.all.§e,the:Rav:p~¥;lslonQf\'ilprkmenke$.j:?inQ,lO,view the overall profitabilityand,provide for generation of adcJitfonal res~l.lr~, thr~u9hImprovementIn the work

systems. ',.:,,:<, ",' " " I "',

" "";;'."",," " ",' .- " ' ,'" ',' " "

To m~lml;~;pr9qu~lvl~, lQa.pr()'1<~.,dJs(:IJ?U,ne~nd reducEl c<?~ with a view,to ac:hieveallro~nc:tIIJ'~r9VeA1entIn the operations of the Corporation. ' ' , '

10 ,promQte,a culture of enhanced level of Innovation for improving quality of outputsarrtfse~lces~"';:

1.4

1.5 To su$.in ~e r~vels,oftru,$.~~nq,R[fOffldt~~WI~~r~d'artdrharmoniousIndlIsbial relatlon~

with th~:':t1~~~~~~~nt:fririj~a'lff(y,'~ies~r:~~~I\:6~:.'t$Suesat,bltatetlat',fevel,'cfnd'optlhiuttlutilizatl~r:Of"O~~,~'tesotJr~!g~:j'~""',':':,,!:,~,,:-,;;";""""',:"".'c";",-:: c"'."""""""";" ," ",' ,

2.0 '. AppUqJ~m,t;y:.,:;.~. . '.:".,' "

. The applicablJity/t6vetage'Ofttjt$ Ssttlef!l~ntIsasunder:

2.1'~i5:~ttt~~~t:I~~,~'I;;~R~~y~::~~:;;~,r~~~~p.,~~~,::@{:}'¥{:pliQ:qen"asdefinedIn theIndustrial"DisputeS';'Act;':f~4'7'eMpfoyeq'Ih' anyone of the scales of paymE!~ti~,~~;: ,at"~""~~f@.~~::\;W~~j;;~~~e:<i.;~~\;i>tQII$' "Q~:}tt:l~,),CoI;p().mtiQn-- p$-, ",911

31.m-~2t10G>-(30~O6;20(j)"'fn- ,ttre::ca$e."::qf<;SG8~/and,.>;cto.~tJnuedIn the serVicethereafter. ' ,,'. "

2.2 "wor~"~p",~hO'W~rEaI~:,try~,~~fVJ~e,'Pf.",~e ,,~rp9rClti9n as on 01.01.2007(9l~,QZ,20971i) tl1~. 'd)Se ;:of "$(SRf ,t)tit §aparatetJ"'from S'ervite after

~ i.l:~()O7(O1.07.20(}7 I~the ca$e Qf I3GR)due to r:esl~nationwith the consentof,'" t~~,~aqaJJerTtel);,tetS!~m~~~;qI,~~~th ViiUJ?,~:,~IJ~j.~!e-~Qr'~~efi~of,pay revis;~n

uPto.~:he p,erio~9fitfi!t~:'~~~~,~itl1.,',', " s'rn~tartYf;~~~~r~~p,'N,er~ pr9~~t~~ toOffic:;~rs/)~(,~d'*~~~~'-"',~::~~~~.,~'f "itt°~~9~;~~9q\:.J~~t~7.200~in the caseof'BGR)'~Rth.~..q~t~,~;pr~c~.fngtf1e,dtit~'c5tsettfemet'lt;-~~'aUbe paidamountsthatwoutct'ftaYe~~~6"quet()'th~lJtupf~'trye--9j;1te:9f~r~mQ#()n-." " ',;,' ir':""- ,,',' .'1 ";"0.,,,,." "'" ~" ' !,,:, " , '," } "';-': '",;; "", \ ;', .' ,

Rec()~~tte~cind'dedlJ~ori$tQ'be:,~ff~~d o.n:tbe"r:~vb~pay)n their ca~ewillsitnJ1Wfy::'~~pry'fotth~'~rf~(1 UP~0th~'d~te"bf.'~p)1tation/p:r6motion as the case

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may-ue;' , , " ,

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WO~~~,'~h,o)~!ne.~ th~.~rVi~lofth.eCo,tpqr~t.iP9)~;~,r~~ur~t,sCaleof payon otaftet~~~~~1~~9'.«(}~.97 ~~9O?,'n the.cC!s~e()ft3J$~),$tf~\I~~~t$Obe covered. by, the,pr:o.~~lcmspfJ"is,Se~ement. However,th~ FUroen~. '~~~Q.,~fits$han.not be

ad~I~\~Y~?o,tP~ffi'" ,., " '}" '.'.:: ' " , ,

This Settl,el11entWln$~p~r$eaeU1e$greement(s), related to any other pay'

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2.3

2.4

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Page 6 of 19

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3.0 Periodof,$eU'eroei)t:;\;" :,,'

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This SettJeme.n;,,_,-lk~ 'in.,:f9rt~ f9r'ap~rio'~,9f ~Q\,:~y.~m:,~.e.f.;.O~.O1.:2,bO7"orCa;.terminatewJ~':~~.J?,aY' revisionw.eJ. 01.01.2007, 'Whicheveris earlier. In the caseofBGR, Settlement will be effective from 01.07.2007 and wuJ terminate With this

Settlement,',"""""',.;:, '",'" ,

Scales of ,Pay; '.~;' ',.-, '"

4.1 The'{~Vi~~d':$g~I~Q~"pa¥j1~:;~~~Ann.~~~~are in replacement of the ~istingscales of p~y.AnaddJti()nC!fGrade, he,a"GradeIXwiUbe introduced prospectivelyf{o,m)the'#a~~,,9'$i8~ln~49f:;~~~~~JTt~a~~;M~,9~~tt~$',fQr-~Qyel1J.e.9ttq Gtad~:~$halJpefi~~Jl~~~'.n~on.$~l~~!if~lt.h.~,~,re,~~olz;f?phUn.I,f)O$t,~t't~~e.ariiest,i

'~'~l,;,:>""",;,("":"","""",,..""',J""""",',,"'." """f,;:..;"",...'""""..,',,,,, ,,'..'"

~r~d:~/Pay,~Ie$)ih,.."rn~m'..'.,.,'.,Qf,$t1~, W9ri<Jj1~~,;'~'h~jr~ein .line "Wi~..tha~ Qf'~~"" ~}i,:to..~~.:;,if.' ,<ilk..".'. ;"!~' ..t"'/~ ,'i\\f/"ioi.!"')t\'A'"'7',r.:": '/"',;, ,,",', ' , '

WQI;~,!'~~ ~,~;:~~:!I~.!~P:~!r"~:S!Pt~,¥!~,~'~'~:)~~.r~{:t9~&};~,:,/ ",;" ",,: '., ..',

:M~rg;~r"'b"Sbd/o"oi~~~M~D.'AI'r6ianfe;with'Basrc Pay: ' ",.,'.

:In ~c<:ordancewith Government guldeUnes,50% of DA,as on 1.1.2007 shall bemerged in Basic ~ay ~nd shall be termed as Dearness Pay(DP).

4.2

,,'-\ ,,"

4.3 Fitment Formula: '. " '

","'"'"",,"':',,:Jj;:':",:;~I',,,",,,';.,:::,<~:,,;\:,,{':'"",";:"'..,"CL.,."':"":.',":"',,"'."":;':""'."",'" '"

'J1)e;:~B~~ic;::;:,g~yJ;)f tne:j'IV9f~~.n~i~h~n".'b~:fix~,it;l"~.i"revl~~ ~ates, of paYi3suop~r:. :":,:,';::< ,'.. ':'i:";'";":,~\'i,:,,,,:>i"",,""'" ':i ,':.: '" .. .,,',

';,~e[$~~9./. °J:'§~b~~~~~(!,PP:A9q>t ",,~L,)~.~,~:e,.\,9f., B(;R on. rolls .a~. ~n,,

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bEia.~ ~.~9,Q§.Q7.'a~(I,who continued to be In.o"n' "..

Pi"an" ", '~'J.j,(. tf "'I" ~

" "-"""'","..o"c' "",',,",""", " ft'"

.",,' '.', ",c,::, ,,": .", U~UIJ,n~!"" '(r." ""serVf~;,tli<:"'r"*~;~ r',,"""

"', ">""""""""~"":"""""""",,,".';,,,,, """~..,.,I,~,,I;QI;,

in$~tYi<:e'th~t~.Mf~<'~;~"":"' '::>',">' , ,i'i:~!',;:,: ,','<: .,"" ",,' ,

(a) Ba~!~/~~~J~$,.OO414~.96" ' ~a) EiaSiCP~~I~~on30.06.07"', "US" ' ,.,,'

(b) Stagr\i;\~or'l"incremenf:$" as: 'on (b) S~atlt19tf()n Increments as on3t,14AO(i): '" 30.06:07 "

"Plus .' plus

«:) a)~r:fas~s~~~nq~h ~,,7.~'~f¥.~,:;!q~,( ~}"~~4T~~~A~~~f.~e; @)77.4% on,,"PLus' Plus

(d) Fitrnent, , benefit" @, ,30%, on (~),Fitm~flt" bef1~fit, @30% on. " (a)+(Q)+'(C) as ~bo¥e"", " :'!; , ' ",{~~t(b)t(Q~S ~bpy~, "", ' ", " ' '"

,'r:"""..,'~~"",~"~":'"I'~'"I(,,::;',,,:,"'.\.";,."~,,"""';."":..,!,,":":;: ","',,;""

The suP1"~f"(a)j,;':(b),(g an(f (~~ sh~II~~.':roulilq~~,off,to the next ml/ltipleofrupees..~~n.!to,qJ;riv@.'a\,thef~yisedBastcPaYiln:;t~e;;cotresppndin'grevis~dscaI~.

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4.4, Workmen,who havejQln~ the service of the Corporation In,regular scaleon orafter 01~01~2007 (01.07 ~2007,in the ",sa of f3GRlYJoufdbe deem~d to t'I,ave,be'E!riapi)$ftte'Cf'lff"tH~:".ctt\i~"\rs1§y"Sc~rli;"&hGf'Fttffla~tMf1~t1t"sheinnot"be

adt11J~sl~J~'t~'~~m'':, ""c',","" ",;':"""'" ", ",

Th~'re\lts~d~$~re$ of paY'shalfbere"raCed:,and~e~din Ii~uof th~torrespondin9eXrSttng~~t~':oot'pay' hithtf~ff~r'()F¥fgmath1~th:er~c;dvetYjOfcharges, Ifatty,'m'a'd~~~dtntfto,:tfte!~~\:or-~P8f~.iJPtfirr;~:~~VI$dtf~c'af~$'ofpay shall replace

t~e 'correspondln,9 existing:$c;~lesof pay f9r,entitlement, of houses!quarters, in thetoWnsftf~/tf6oslf!t~ft6fqnres:bt tff~,'~~tt~taUt5fl.~":' , ,",' " ' ,', " "

, ' ", ",-,'" " ), ",;::f:{.;',:J,:" ':', ':""~~"';':",,\,:'" :::>, ,:' , "" '" ',',

4.5

4.6 Payof'wo~~i1- wf!ri)'were:ptofuoYact:fro'iii'foliewbfkrrianpayscaleto anotherbetween tJ:t~d-~teof f!Xpily of the ,Ia~t,LQng,~Term,Settlement,i.e., 31.12.06(3(tO~1.Jif'tJ1~"~~s~ ~f"Sf.1.Rr~rid$igolng:'dfttils$~~erijent:shair,be fixedwithrefer~I\~~:tg)1ie:~~.y::d~aW~I' , ':,'tljiS.fri .."~~"~1.!~~,Qa(40:li~: 07 in tI1eCase' ,of BGR.)'.Theft ,. ",n';(\jtf"~\\i",,~.,(,;t:(!~~\}W ~'~',~:f~j~(l,i'~it

,

";l:n ":61'~""\;r';W'I'\::""t ~:;':'&',',"<'I' h 'n "fi ,ed

""

,;.Ii,' .r"pa,V~q,~r9m(h.J$)n -0 <, ,;~OIJ,~~pgr;t~~f\9" ,,~~ ~e ~~,naY\$a bel~,~~~t;~l~fHg"'P;mrtiotiQriaJ r~creme1:)l~ ffie>revrsedrate;"indlcafedInclause5:2below. ,'" """ .' -'"

1ncremeht:; ;'.. , ,," ,"";""..

5.1",,:'

, ,

Annual inqrern~nt:,.-!.' ,,", ,i , ."".'

i,'i," , '. ,'",; .' ", , ,J,,- i .(

5.2

Annual Jntre'mentJnth~'re\f.sed,.pay $CelIewill be drawn at uniform rate of 3% of

'te~i,

Sed&a,

SIC p~yin.an:~E,".

,

e

,

;;,G

,

.'~~~;,

W~

,

~~f~ .O~$t, Janoa"

ry 2007. The amountso, J arrlvedlatwpultl:be'r0U~~~!offto,ne){t,muJtipfeoftrwpeesten.,' ,

,', "j >,~ ::;i'}C~i', ,'; ':,:", " :, '

In the case of aGR,anJ'luai,incrementshall be, grclOtecJ on 01st July 2007 at,.evlse~"r.at~tOr;""reVts~GkP.ay ~irnter~aft~l1;j ~ftfJft1I: -th~i '1ear":j2008~'tI nfit ua1,In ctemen t, in

I'espe~iof aG~:~emplbye~$t:taJl,becomedu,e on'OlstJanuary 'of,the year.

'If due"tb'ijfanf6f'AhtlUaIIncrement, the BasicPayexceedsthe maximumof thes(;Ctle,,~~~:;:~rom,l'i'~Q,fAnr,~~~.,J,~~r~rrt~pt ~h~(~~~ $~"red~c~d~bat th~,~si~ Payp'~i,n~r~m~!1t9C)~$ ~~~,~x~~~,:~~j.ro~rn pf ~~,~rel.t2Val1tsqlle. At no stage theBasicpay,~11:alr~~e$~ t~~ ~;i,i'I'.Qm..Qfpay. ~Ieappli~i;tple to ti1e workman.

O~~.r;proJI¥r6ns,for' &aw~fo{~rir1lJ~I'increm~rit Vv'lIjr~h,aln unchanged., ',..' ,,','" ",", c,' ",'" ' '

Payfl!xittionon,Prddtbiion: ' ,, '

""""":""';"""~"":;';"",,"Fi""":"""""'~'"""'...,,' ""','

pn~ notJ,o~'alincremenf'~qualit9 'the incr~ment,beingdrawn by the workman inth,e

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'pa",:¥

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Ca,::J~r,::,

J~"

e,

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,

~~,

.',

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,

~tli3~f;i,

~.P~,

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,

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,

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te,

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S~,

CIa pr9mp~011 W"

,Q

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I,.d begra

,

ntedand',paf;'fi5(e(J;'if{itA~P'pfd.t~(;t"Pay:'$care.'pay,:aw~ji' gran£"df', promotionincr~m.el1t,.:wfJf iJ.~(Qync;f.!!Ci.',cJfftotf;1en$; l11ultipleofRs.JO{-. If BasicPayplusprOr11otl9ri~r:lncfe'riI~~f':.~~d$"tl)t1,Pi9~ir;nU010f: t,he' promoted ,s~le, thepromotlon€ll ln~rernehf~~~,L,be '$9 ,red~c~d that the'~a$fc Pa{plus promotional

lriaenient del!S'lI\It~'!:h" in;!~mUni '!If Ihe-rel~9tr~.ge 8 of 19

..

7.0

8.0

5.3 Stag natioO',lo ~reane"t

TIle",~Q~~;:Ytill ,p~~/,lqW.di~Q,;~r.~~.~"ro~m~w.;,.pf,U1r~:~U1:q~~ijQ'}'i~~rem~D~one~fte~)'i~ty.',MoY~~~~.J1\~.~~~@t19nJf1~{~fO~ntsnail bepayableat the rateof 3% of~e revisedBasicPay.Thefirst$tagna~onlnCl'ementwill be admissibleaf+~rc;,oropJ~tlQ90ftwoyearsfromthedateof reachingtl1e,maximumof thepayscale.;thtfsuBs.equEmtStagnationincrementwill be admissibleafter completion'of LW(]).years'fromthe'dr_watioHhe4a.stistggl\\~mQJ)ifi\~r~eF1tl '"

'}/'i",.':" ,:,::' "J""j\".., .,

The ;$ta9~ati0'lIncrementas aboveshall be admissibleprovidedthe workmangets a Performan.aeratln,9of 'Satisfactory'or above. The pay of workmenaftergrant:of[$ftagn~t(ltJ"'~tijCrem.eMt)w,inberoundedoffto nextmultipleofRs.10/-.

6.0. Dearness~n9Wa,~~'';"'"",,' "

6.1 100% DAneutfalizatiohwiltbeadopted for all workmen w.eJ. 01.01.2007.ThusDAas on :1.1;',2007wilt ~becorne\'ierolinkedto AI/India ConsumerPriceIndex

, (AICPI)2001'~100, whichfs 126.33'.' , " "

Rate of HRA30% of BasicPay

20% of BasicPay

10% of BasicPay

\-- Page~ of 19