G.R. No. 166581 - SOLIDBANK CORPORATION, VS. COURT OF APPEALS, NATIONAL LABOR RELATIONS COMMISSION, AND DANILO H. LAZARO.[G.R. No. 167187] DANILO H. LAZARO, VS. COURT OF APPEALS, NATIONAL LABOR RELATIONS COMMISSION AND SOLIDBANK CORPORATION.DECISION - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, judgment is hereby rendered dismissing the complaint for illegal dismissal. Respondent Solid Bank Corporation is, however, ordered to pay complainant Danilo H. Lazaro the following: 1. Separation pay From 12/21/92-6/30/2000 (sic): (including the imputed service) P53,962.64 x 8 years = P431,701.12 2. Compensatory benefit: From 11/30/96-6/30/2000 (temporary date) P53,962.64 x 42 months/2 = 1,133,215.40 (But not less than P1 million nor more than P1.5 Million) 3. 1996 Christmas bonus: 53,962.64 4. Moral and exemplary damages for arbitrary reversal of 1996 Christmas bonus. 200,000.00 TOTAL P1,818,879.12 All other claims are also dismissed for lack of merit. SO ORDERED.