1E9Ct5D

28wage:For employment relationships of one year or less, twenty days of salary; plusfifteen additional days for each subsequent year and proportionally for fractionsthereof.Employees with ten years or more of services as of December 27, 2002: forty-fivedays of salary for the first year, plus forty additional days for each subsequent yearand proportionally for fractions thereof.Employees with ten or more years of services as of January 1 st , 1991, have theright to be restored to their position, and in the event of a termination without justcause, the employer must pay an indemnification of forty-five days of salary for thefirst year and thirty days of salary for any additional years; without prejudice thatthe employee may initiate a labor law suit seeking restitution to such employee’soriginal work place.Default IndemnityIf the employer at the time of termination of the employment agreement does not pay the employeethe sums owed for salary or additional benefits in due time and form, the employer will be requiredto pay a default indemnity corresponding to one day of the employee’s last salary for every day ofdelay in the payment, during a period of time of two years from the day in which the right wasaccrued. From the month 25 on, the employer would have to pay current banking interests, until theday in which the payment is effectively completed.Reinforced StabilityIn accordance with the Constitution, there are certain types of employees that cannot be dismissedwithout a previous authorization of a labor authority, such as: (i) pregnant women, or on maternityleave; (ii) certain unionized employees, (iii) employees with disabilities, and (iv) employees withreinstatement right, among others.Collective dismissalsAn employer who wishes to collectively dismiss its employees will require authorization from theMinistry of Social Protection to do so. The event of a collective dismissal is determined by theproportion of employees dismissed, starting with 30% of the employees within a six month period, incompanies with 11 to 49 employees, and down to 5% of the employees within a six month period, incompanies with 1000 employees or more.Notwithstanding the above, if the employees are dismissed with just cause, or their termination isdone by mutual consent between the parties, such events will not be considered to determine acollective dismissal.