4/15/2021 E-Library - Information At Your Fingertips: Printer Friendly a. US $670.03 representing Borreta Jr. s uncollected salary: (if there is proof by original receipt of payment, this should be deleted) b. Reimbursement of the [total] burial and transport expenses in the amount of [P]162,080.00 c. [Guaranteed] overtime pay for four (4) months in the amount of US $3,730.00 d. Unpaid leave credit/pay in the amount of US $696.00 e. Unpaid duly subsistence allowance US $504.00 f. Owner's Bonus in the amount of US $400.00 All awards in dollars shall be delivered in Philippine Currency equivalent at current rate of exchange at the time [this] decision is promulgated. Fourth, Moral damages in the amount of [PhP] 1.5 Million are also awarded in their Philippine currency equivalent. Fifth, Exemplary damages in the amount of [PhP] 1.5 Million are likewise granted in [their] Philippine currency equivalent. Sixth[,] Attorney's fees in the amount of 10% of all the monetary awards, as follows: a. Peso Award: i. Award: [PhP] 3,162,080.00 ii. Attorney's fees [PhP] 316,208.00 b. U.S. Dollar Awards: i . Total Awards: $ 109,4030 ii. Attorney's fees: $ 10,943 Seventh, [r]espondents are directed to pay interest from the death of M.A. Borreta Jr., on 08 Oct 2013 up to finality of this DECISION, and 12% interest from finality of this DECISION up to [the] full satisfaction of judgment. Eight[,] all the respondents are jointly and severally liable to satisfy the judgment, in accordance with law. Parties are hereby reminded that in their SUBMISSION AGREEMENT dated 18 September 2014, they have obligated themselves, "inter alia", "TO ABIDE BY AND COMPLY WITH THE DECISION OF THE ARBITRATORS ON THE ISSUES AND CONSIDER SAID DECISION AS FINAL AND BINDING UPON THE PARTIES HEREIN." The spirit of the law governing voluntary arbitration is to effect a voluntary implementation of the decision rendered by the arbitrators, who, after all, https://elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/66237 5/37