(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.) En Banc |
Chairman |