Wbrac March 18, 2021 Ref: 07/2021 Amendment of clause 2.23 of BRAC HRPP regarding Gratuity ‘The below clause has been amended with effect from April 1, 2021 Gratuity Gratuity will be calculated from the date of joining of staff as regular or service staff. Staff will be eligible for Gratuity at the completion of one year of service. After completion of the first year, a period exceeding six months of service will be treated as a completed year of service. Below is the table containing the multiplier of basic salary for every completed year of service: Multiplier of Basic Salary” Type of separation <1 TYearto | 3 Years to 10 Years ‘ear | <3 Years | <10 Years or more Resignation/ Termination NIA 1 time 1 time 1.5 times 2 times (max 50), or Redundancy/ Retrenchment/ , i NIA 1time 1.5times | 1.5 times; whichever Discharge/ Retirement is higher Dismissal NA NIA NIA NIA 2 times (max 50), or Death NA | 2times | 2times | 1.5 times; whichever is higher “Muttiplier of basic salary will be considered as per the actual service length of staf. Regards, ps Asif Saleh Executive Director BRAC BRAG BRACCentre ‘+0802 9081265, ‘75Mohaknak F498 028823542 Dhaka 1212 E:info@brac.net Bangladesh We wawebrae net amare aod Tamara Hasan Abed Managing Director Enterprises, BRAC Registeredin Bangladesh under ‘The Societies Rgistration Act of 1860