Holiday pay is a legislated benefit enacted as part of the Constitutional imperative that the State shall afford protection to labor. Its purpose is not merely "to prevent diminution of the monthly income of the workers on account of work interruptions. In other words, although the worker is forced to take a rest, he earns what he should earn, that is, his holiday pay." It is also intended to enable the worker to participate in the national celebrations held during the days identified as with great historical and cultural significance
Independence Day (June 12),
Araw ng Kagitingan (April 9),
National Heroes Day (last Sunday of August),
Bonifacio Day (November 30) and
Rizal Day (December 30) were declared national holidays to
afford Filipinos with a recurring opportunity to commemorate the heroism of the Filipino people, promote national identity, and deepen the spirit of patriotism.
Labor Day (May 1) is a day
traditionally reserved to celebrate the contributions of the working class to the development of the nation, while the
religious holidays designated in Executive Order No. 203
allow the worker to celebrate his faith with his family.
The following legal holidays shall be paid by the COMPANY as required by law:1. New Year's Day (January 1st)
2. Holy Thursday (movable)
3. Good Friday (movable)
4. Araw ng Kagitingan (April 9th)
5. Labor Day (May 1st)
6. Independence Day (June 12th)
7. Bonifacio Day (November 30)
8. Christmas Day (December 25th)
9. Rizal Day (December 30th)
10.General Election designated by law, if declared public non-working holiday
11.National Heroes Day(Last Sunday of August)
12. Eidul Fitr - (movable date)NATIONWIDE SPECIAL DAYS1. Ninoy Aquino Day (August 21st)2. All Saints' Day (November 1st)3. Last Day of the Year (December 31st)Only an employee who works on the day immediately preceding or after a regular holiday shall be entitled to the holiday pay.A paid legal holiday occurring during the
scheduled vacation leave will result in holiday payment in addition to normal vacation pay but will not entitle the employee to another vacation leave.
Under similar circumstances, the COMPANY will give a day's wage for November 1st and December 31st whenever declared a holiday.