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D. Closure or Cessation of operations
Phasing out, closure or cessation of an educational program, or the school itself
automatically terminates all related employment.

E. Other just and authorized causes enumerated in the Labor Code of the Philippines.

5.2 RETIREMENT

Immaculadian employee upon reaching the age of sixty (60) years or more, but not beyond sixty-
five (65) years which is hereby declared the compulsory retirement age, who has served at least five (5)
years in the said establishment, may retire and shall be entitled to retirement pay equivalent to at least
one-half (1/2) month salary for every year of service, a fraction of at least six (6) months being considered
as one whole year.

5.3 SEPARATION FOR REDUNDANCY

In case a position is declared redundant, and the transfer of personnel to another position cannot
be implemented, the same package for compulsory retirement shall be given to the affected personnel.

5.4 SEPARATION FOR TOTAL DISABILITY / INCAPACITY

In case of total disability and incapacity to continue working, the personnel shall be allowed to opt
for early retirement to be paid based on the maximum optional retirement benefits.

5.5 FINAL PAYCHECK

Personnel who have ended their employment will received their final pay check within a minimum
of three (3) weeks after completing clearance from various offices and have signed a Quit Claim with our
Human Resource Office.

UPON TERMINATION OF EMPLOYMENT, THE EMPLOYEE SHALL PROMPTLY ACCOUNT FOR,
RETURN, AND DELIVER TO THE EMPLOYER AT THE EMPLOYER’S MAIN OFFICE, HIS/HER I.D.
CARDS, CODE OF CONDUCT MANUAL, EMPLOYEE HANDBOOK AND ALL THE EMPLOYER’S

PROPERTY, WHICH MAY HAVE BEEN ASSIGNED OR ENTRUSTED TO HIS/HER CARE OR CUSTODY.

ARTICLE VIII
BENEFITS

Section 1 LEAVE BENEFITS

While sick leave and vacation leave benefits are not specifically stated under the law, it
stipulates that private employees are allowed to provide employees a yearly Service Incentive
Leave (SIL) of five days with pay. This applies to employees with work tenure of at least one year
within the company.

Faculty Manual (BES and SHS) 2021ed.icc
Prepared by: AdminServQ Page 52