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1) Monetization – refers to payment in advance under prescribed limits and subject to
specifies terms and conditions of the money value of leave credits of an employee upon
his/her request without actually going on leave.
2) Communication of leave credits – refers to conversion of unused leave credits to their
corresponding money value.
3) Employee – refers to the faculty and staff, whether of permanent, temporary, casual or
coterminous appointment, of the Isabela State University System, who have accumulated
fifteen (15) days of vacation leave credits shall be allowed to monetize a minimum of ten
(10) days;
4) Immediate family – refers to the spouse, legitimate children, parents, minor brothers,
sisters and any relative living under the same roof and dependent upon him/her the
employee for support.

RULE IV
RULES AND REGULATIONS

SECTION 5. Order of Priority in Granting this Benefit – Monetization of accumulated vacation/sick
leave credits may be allowed for valid and justifiable reasons, in the following order of priority:

FIRST PRIORITY – Health, medical and/or Hospital Needs of the employee and/or his immediate
member/s of the family brought about by accidents or serious illness.

Two Categories of Health, Medical and/or Hospital Needs Cases:

a) Emergency – Cases that need prompt and immediate attention such as surgical and
medical cases.

SURGICAL CASES include but not limited to cases such as Caesarian Section, where the female
employee is under pre- as Caesarian Section wherein the female employee is under pre-
eclampsia, eclampsia, placenta previa, pre-maturity , abortions, and all other acute surgical
abdomen cases.

Other cases such as Appendectomy and Multiple Injuries secondary to Vehicular accidents and
other cases of similar nature;

MEDICAL CASES including but not limited to cases such as Cerebrovascular Accident (CVA),
Myocardial Infarction (MI), Hypertension and other cases of serious illness duly determined and
with proper recommendation from the University Physician and/or attending physician.

b) Elective – Those which do not constitute between life and death situations, to be properly
determined and recommended by the University Physician and/or attending physician,
certifying the need of prompt and immediate medical attention.

SECOND PRIORITY – Educational Needs of the employee and/or his immediate member/s of
the family.

THIRD PRIORITY – Financial Aid such as payment of mortgages and loans which were entered
into and for the benefit of the employee.