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WHEREAS, Republic Act No. 10390, otherwise known as"An Act Revitalizing
the People's Television Network tncorporated' provides that "Ninety (90) days from
the approval of this Act, the Board of Directors is hereby empowered to reorganize
the Network to make it more effective and innovative. For this purpose, the Board
may abolish or create offices, transfer functions, equipment, xxx and other related
measures to carry out the said objectives, subject to the provisions of Republic Act
No. 10149, otherwise known as the "GOCC Governance Act of 2011 (R.A. No.
10149) ',1
NOW, BE IT -
RESOLVED, That the RP submitted by PTNI is hereby APPROVED WITH
MODIFICATIONS, i.e., with 65 organizational units and 498 positions as
reflected in the documents below, which form an integral part of this Memorandum
Order (M.O.), to wit:
3. PTNI to adopt and offer the retirement and separation package for the
affected personnel in the implementation of the RP using the incentives
provided under Sec. '19 of R.A. No. 10390, and E.O. No. 366, s.2004, as
amended by E.O. No. 77, s.2012;
DONE, in Makati City, this 20th day of May, Two Thousand and Fifteen.
CESAR L`VILLANUEVA
Chairman . DOF Secretary
026140
4002326
N:ER B BUTAL:D
Commissioner