Page 80 - Exhibit No. 9 Faculty-Manual Latest Edition - Copy

b.5 Cost Economy Measure Award – This shall be granted to a faculty or group of faculty whose

contributions such as ideas, suggestions, inventions, discoveries, or performance of functions result

in savings in terms of man-hours and cost or otherwise beneficial to the agency and government as

a whole. The monetary award shall not exceed 20% of the monetary savings generated from the

contribution.

2.6 Service Award – This shall be conferred to a retiring faculty whether under optional or

compulsory retirement schemes which shall be held during a fitting ceremony on or before the date

of the retirement.

2.7 Other Awards – These are awards which the University may decide to give such as:

1) Outstanding Punctuality and Attendance Award

2) Loyalty Award

Types of Incentives

The Isabela State University shall continuously search, screen and reward deserving faculty

to motivate them to level up the quality of their performance thus promoting excellence in public service.

As such, the following types of incentives shall be regularly awarded.

1) Loyalty Incentive* – This shall be granted to a faculty who has continuously and satisfactorily served

the Isabela State University for at least ten (10) years and beyond:

No. of Years of Service Amount to be Received

➢ 10 = Php 10,000.00

➢ 15 = Php 5,000.00

➢ 20 = Php 5,000.00

➢ 25 = Php 5,000.00

➢ 30 = Php 5,000.00

➢ 35 = Php 5,000.00

➢ 40 = Php 5,000.00

2016 Faculty Manual 80