1. -The Board of Directors of the State Farms Corporation India Ltd. introduced a Voluntary Retirement / Voluntary Separation Scheme for its employees and same was circulated on 10.03.2000. As per the scheme referred above, certain benefits were extended to the employees seeking voluntary retirement and those are as follows:

(II) Benefits under the Scheme:

(A) Voluntary Retirement

The terminal payments available to an employee who seeks voluntary retirement would be:

(i) the balance in his Provident Fund Account Payable as per the EPF regulation.

(ii) cash equivalent of accumulated earned leave as per the rules of the State Farms Corporation of India.

(iii)gratuity as per gratuity scheme applicable to the State Farms Corporation of India employees.

(iv)One months' / three months' notice pay (as per the conditions of service applicable to him).

In addition, an employee whose request for Voluntary Retirement is accepted would also be entitled to an ex gratia payment equivalent to 1 1/2 months' emoluments (pay + DA) for each completed year of service or the monthly emolument at the time of retirement multiplied by the balance months of service left before normal date of retirement, w