Page 79 - Exhibit No. 13 Merit System and Promotion Plan

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a whole. The monetary award shall not exceed 20% of the monetary savings generated
from the contribution (Refer to the Criteria for Evaluation).

2.6 Service Award – conferred on retirees whether under optional or compulsory retirement
schemes held during a fitting ceremony on or before the date of their retirement.

2.7 Other Awards – such other awards which the University may decide to give:

1) Outstanding Punctuality and Attendance Award

2) Best Faculty Award

VII. Types of Incentives

The Isabela State University shall continuously search, screen and reward deserving
employees to motivate them to improve the quality of life of their performance and instill
excellence in public service. As such, the following types of incentives shall be regularly
awarded.

1) Loyalty Incentive* – granted to an employee who has served continuously and satisfactorily
the Isabela State University for at least ten (10) years. The recipient shall be entitled to a cash
award of not less than Php1,000 but not more than Php1,000 per year during the first ten
years and every five years thereafter as follows:

➢ 15 years = Php1,500 x 5 years = Php 5,000.00
➢ 20 & 25 years = Php2,000 x 5 years = Php10,000.00
➢ 30, 35 & 40 years = Php3,000 x 5 years = Php15,000.00

*Effectivity - The granting of the new loyalty incentive pay shall cover Fiscal Year 2006 and
onwards.

Besides cash awards, a lapel emblem/loyalty pin or certificates may be given:

➢ 10 and 15 years = Bronze
➢ 20 & 25 years = Silver
➢ 30, 35 & 40 years = Gold

Other tokens such as wrist watch, ring and others.

2) Length of Service Incentive – given to an employee who has rendered at least three (3) years
of continuous satisfactory service in the same position. The cash award shall be incorporated in
the salary adjustments following the Joint CSC-DBM Circular No. 1, s. 1990.