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= 8 months salary
i. 8 or more service years but less than 9 years
= 9 months salary
j. For service period 9 years or more shall follow the calculation
formula as shown on the above illustrations.
2. The Service Period Recognition Payment shall be determined at
least as follows:
a. 3 or more service years but less than 6 years
= 2 months salary
b. 6 or more service years but less than 9 years
= 3 months salary
c. 9 or more service years but less than 12 years
= 4 months salary
d. 12 or more service years but less than 15 years
=5 months salary
e. 15 or more service years but less than 18 years
=6 months salary
f. 18 or more service years but less than 21 years
=7 months salary
g. 21 or more service years but less than 24 years
=8 months salary
h. For service period of 24 years or more shall follow the
calculation formula as shown on the above illustrations.
3. The Compensation pay that shall be received covers:
a. Unused and unwaived annual leave;
b. Any charges or expenses on the return of an Employee and
his/her family to the starting place of employment;
c. Compensation of housing and medical care costs are set forth
at 15% of the severance pay and/or service pay for those who
meet the requirement;
d. And other Employee’s rights as stipulated in the Employment
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