Transfer of Assets and Records from EPZA to PEZA
- All funds, unexpended appropriations, properties, equipment, assets, records, choses in action, and other rights held by EPZA and its controlled zones are transferred to PEZA.
- A special committee constituted by the PEZA Director-General, with assistance from the Commission on Audit, will conduct a complete accounting, physical inventory, and audit within 90 days from the order's effectivity.
- The audit aims to determine the amount, value, description, nature, and accountability concerning the transferred items.
Validity and Continuity of EPZA Contracts and Obligations
- All lawful and binding contracts, agreements, obligations, and liabilities entered into by EPZA before this order remain valid and enforceable.
- Contracts may only be terminated, modified, or amended for lawful cause by the PEZA Board upon recommendation of the Director-General.
Organizational Structure and Staffing of PEZA
- The PEZA Director-General, with Board approval, will establish the organizational structure, staffing pattern, and personnel complement of PEZA.
- All permanent EPZA personnel or government office employees within the ecozones can continue performing their duties with corresponding benefits in a holdover capacity.
- Temporary, casual, or contractual personnel services terminate after a 30-day notice unless renewed.
Separation Benefits for Non-Retained Officers and Employees
- Permanent EPZA officers and employees whose positions are not included in PEZA's new structure or who are not retained, including voluntary retirees, will receive separation pay and applicable retirement benefits.
- Minimum separation pay is set at one and one-fourth (1 1/4) months of salary per year of service.
Operations of Affected Government-Owned Industrial Estates
- Government-owned industrial estates and similar bodies will continue operating under their respective organic charters until a mechanism for their absorption by PEZA is established.
- Their Board members shall serve in a hold-over capacity for 45 days from the order date to manage affairs and transition activities.
- Chief Executive Officers/Administrators, management, and directly assisting personnel may also continue in hold-over capacity and receive salaries and benefits as per terms of preceding sections.
Effectivity of the Executive Order
- The order shall take effect 15 days after complete publication in two newspapers of general circulation.