(NAR) VOL. 5 NO. 1/JANUARY - MARCH 1994
"SECTION 6. Bond — In case the decision of a Labor Arbiter, POEA Administrator, and Regional Director or his duly authorized hearing officer involves a monetary award, an appeal by the employer shall be perfected only upon the posting of a cash or surety bond issued by a reputable bonding company duly accredited by the Commission or the Supreme Court in an amount equivalent to the monetary award, EXCLUSIVE OF MORAL AND EXEMPLARY DAMAGES AND ATTORNEY’S FEES .
THE EMPLOYER AS WELL AS COUNSEL SHALL SUBMIT A JOINT DECLARATION UNDER OATH ATTESTING THAT THE SURETY BOND POSTED IS GENUINE AND THAT IT SHALL BE IN EFFECT UNTIL FINAL DISPOSITION OF THE CASE.
(Sgd.) BARTOLOME S. CARALE | (Sgd.) ALBERTO R. QUIMPO |
Chairman | Commissioner |
(Sgd.) VICENTE S.E. VELOSO | (Sgd.) EDNA BONTO-PEREZ |
Commissioner | Commissioner |
(Sgd.) ROGELIO I. RAYALA | (Sgd.) DOMINGO H. ZAPANTA |
Commissioner | Commissioner |
(Sgd.) LOURDES C. JAVIER | (Sgd.) JOAQUIN A. TANODRA |
Commissioner | Commissioner |
(Sgd.) IRENEO B. BERNARDO | (Sgd.) BERNABE S. BATUHAN |
Commissioner | Commissioner |
(Sgd.) IRENEA E. CENIZA | (Sgd.) MUSIB M. BUAT |
Commissioner | Commissioner |
(Sgd.) OSCAR N. ABELLA | (Sgd.) LEON G. GONZAGA, JR |
Commissioner | Commissioner |