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CHAPTER VI
                            HOLIDAYS, LEAVES, AND PERMISSION
                                         Article 20
                                         Holidays

              Unless requested to work overtime, the Employee is not required to
              work on official holidays announced by the Government of  the
              Republic of Indonesia and Bank Indonesia with conditions:
              a.  Employees that is entitled to overtime who are required to work
                 on official holidays will receive overtime Salaries,
              b.  Employees  with the level of officer above  who are required to
                 work on official holidays will receive an additional rest day equal
                 to the number of days in which they are supposed to  be  on
                 holiday or receive benefits as stipulated in the Bank's rules.

                                         Article 21
                                       Annual Leave

              1.  The purpose of providing annual rest is to provide an opportunity
                 for employees to recover from fatigue and have time with their
                 families.
              2.  In order to achieve this  goal, the Employees must make a rest
                 plan beforehand.
              3.  Every 1 month period that passes, the Employees is entitled to 1
                 day of rest with a wage.
              4.  Employeess who pass the  3-month probationary period are
                 entitled to 3 days of rest.
              5.  Management may allow Employeess to take annual breaks within
                 the same working year.
              6.  The amount of  annual leave adjusted for the period of
                 employment as follows:

                         0BYear of Service      Leave Entitlement
                         1 to 5 years           15 working days
                         >5 to 9 years          18 working days

                         More than 9 years      21 working days
                                          18
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