WHEN DOES THE TERM OF OFFICE OF A NEWLY-ELECTED PRESIDENT OF THE PHILIPPINES BEGIN?

The President of the Republic of the Philippines shall be elected by direct vote of the people for a term of six (6) years.
Such term of office shall begin at noon on the thirtieth (30th) day of June next following the day of the election.
It shall end at noon of the same date, six years thereafter.

WHAT IS THE RATE OF ADDITIONAL COMPENSATION FOR WORK ON A REST DAY, SUNDAY, OR HOLIDAY WORK?

Premium pay refers to the additional compensation for work performed within eight hours on non-work days, such as rest days and special days or special holidays or regular holidays.
It shall be the duty of every employer, whether for profit or not, to provide each of his employees a rest period of not less than twenty-four consecutive hours after every six consecutive normal work days.
Where the collective bargaining agreement or other applicable employment contract stipulates the payment of a higher premium pay, the employer shall pay such higher rate.

In all cases of termination of employment, the standards of due process shall be substantially observed.
For termination of employment based on just causes as defined under the Labor Code, a written notice served on the employee specifying the ground or grounds for termination, and giving said employee reasonable opportunity within which to explain his side.
A written notice of termination served on the employee, indicating that upon due consideration of all the circumstances, grounds have been established to justify his termination.

Subscribers to stocks shall be liable to the corporation for interest on all unpaid subscriptions from the date of subscription.
Payment of unpaid subscription or any percentage thereof, together with any interest accrued shall be made on the date specified in the subscription contract or on the date stated in the call made by the board.
Failure to pay on such date shall render the entire balance due and payable and shall make the stockholder liable for interest at the legal rate on such balance, unless a different interest rate is provided in the subscription contract.

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