SECTION 1. The Management agrees that in the event a Union member dies while still employed, a death benefit of Fifty Thousand Pesos (Php 50,000.00) shall be granted to his/her beneficiaries without prejudice to any other benefits that may accrue from his/her personal insurance, group insurance, social security membership, health plan benefits, and other forms of compensation under existing laws.

SECTION 2. The Management agrees to grant a death benefit of Thirty Thousand Pesos (Php 30,000.00) in the event the faculty member’s spouse or any of his/her dependent children dies. Parents as dependents of single/unmarried Union members shall be entitled to the same benefit.

SECTION 3. The Management agrees that in the event that an employee passes away after serving ten (10) years or more as the case may be, his/her dependents shall be given preferential chance for the school’s Grant in Aid (GIA) program, on full tuition and fees, provided that the dependents are qualified under the GIA’s academic requirements.

SECTION 4. The Management agrees to automatically check-off One Hundred Pesos (P 100.00) from each member of the Collective Bargaining Unit as contribution to the Mortuary Assistance in the event of death of a member of the Collective Bargaining Unit.