EYEWEAR SUBSIDY

1. OBJECTIVE
This policy outlines, in general terms, the scope, definition, and guidelines for eyewear subsidy of Company ABC.

2. SCOPE
This guideline covers direct-hired personnel occupying regular positions and re-hired Senior Leaders; belonging
to the administrative or academic units; rendering services on a full-time basis.

3. DEFINITIONS
The Eyewear Subsidy is granted to cover the provision of eyeglasses as a way to enable eligible personnel to
enjoy the benefits of clear vision and good eye health.

Term Definition

Prescribed Eyewear Any device for the eye (such as glasses or contact lenses) to
correct vision problems.
Eyewear Subsidy A form of subsidy in the form of reimbursement to cover cost of
eyewear.
Academic Year The period of the year during which students attend an
educational institution, usually from August to July.
Regular Employee An employee who completes his/her probationary period of
employment, who has garnered a rating of at least above
average/very good in his/her performance appraisal, and has
remained in good standing may qualify to be employed in a
regular status.
Re-hired Senior Leaders Personnel who have served the company for more than 20 years
and have been re-hired.

4. POLICIES

4.1. All re-hired senior leaders and regular direct-hired personnel active at the time of the grant are
entitled to an eyewear subsidy not exceeding P2,000 per year.

4.2 Eyewear subsidy is reimbursable in nature, wherein a single Official Receipt or accumulated
Official Receipts must be presented prior to the claim. Such receipt must be payable to the
qualified employee or to the University, and is dated during the Academic Year covered.

4.3 Unused eyewear subsidy cannot be converted to cash.

4.4 An employee may claim the eyewear subsidy after one year from his/her pervious claim.