Law: State Life Employees (Service) Regulations, 1973

Section: 4(ii)(c)(1)(2)

(a) State Life Employees (Service) Regulations, 1973--- ----Regln.4 (ii)(c)(1) (2)---Incentive Bonus and Additional Incentive Bonus---Operational Cost, deduction of---Petitioners were employees of respondent company and were aggrieved of recovery of amount in excess of 10% of their Operational Cost from their Incentive Bonus or Additional Incentive Bonus---Validity---Appellants were required to fulfill their annual FYP quota to ensure that their Persistency Ratio was not lower than ratio as prescribed---Failure to achieve all or any of such requirements would necessitate curtailments or taking any or all such measures---Incentive Bonus and Additional Incentive Bonus were granted to appellants in terms of their appointment letters and the same could not curtailed or withdrawn in terms of Reglns. No.4(ii)(c)(1) (2) of State Life Employees (Service) Regulations, 1973, by Board of respondent company---High Court declared the act of respondent company regarding deduction of Incentive Bonus and Addition Incentive Bonus from Operational Cost of appellants to be illegal and without lawful authority and the same was set aside---High Court directed respondent company to refund the amount deducted out of Incentive Bonus and Additional Incentive Bonus from Operational Cost of appellants---Intra Court Appeal was allowed accordingly. State Life Insurance Corporation of Pakistan and others v. Syed Hassan Ali Shah and others 2010 SCMR 1381; Mazullah Khan v. Zonal Head, State Life Insurance Corporation, Peshawar and others 2008 SCMR 617; Chairman State Life Insurance Corporation of Pakistan v. Mian Khalid Ahmad Tahir (Ex-Area Manager) and C.Ps. Nos. 247-L, 249-L, 250-L, 428, 429 and 431 to 437 of 2011; State Life Insurance Corporation of Pakistan through its Chairperson and others v. Asmat Ullah and another C.P. No. 340 of 2017; Muhammad Khan v. State Life Insurance Corporation of Pakistan and others I.C.A. No. 21 of 2021; Naeem Akhtar Anser and another v. State Life Insurance Corporation of Pakistan and others I.C.A. No. 29469 of 2019; Shabbir Hussain Shahid and 2 others v. State Life Insurance Corporation of Pakistan and 3 others I.C.A. No. 15422 of 2021; Muhammad Khan v.…

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