Sub: Productivity linked Bonus for the employees of ESI Corporation - 2011-12 sanction regarding.
Ref: This Office OM of even NO. dated 17.10.2012.
In continuation of this Office OM under reference, the approval of the competent Authority is hereby communicated for the payment of Productivity Linked Bonus equal to 60 (Sixty) days' wages to the employees of the Corporation for the year 2011-12 as worked out on the basis of the existing scheme of Productivity Linked Bonus.
Accordingly, the advance already paid to the employees may be adjusted and no recovery is to be effected and the undertaking be treated as null and void. However, in case of employees who have not been paid the advance, action may be initiated for the payment of Productivity Linked Bonus (PLB) equal to 60 (Sixty) days' wages subject to the maximum of Rs. 7,000/- (Rupees Seven Thousand Only) for the year 2011-12 as worked out on the basis of the existing scheme of Productivity Linked Bonus.
The other terms and conditions governing the PLB will remain the same.