Section 16Sec./Art. 16

Commitment to Provide and Promote the Creation of Employment Opportunities. - The Grantee shall create employment opportunities and shall allow enterprise-based education and training programs, including apprenticeships, in their franchise operations: Provided, That priority shall be accorded to the residents of the franchise area: Provided, further, That the Grantee shall follow the applicable labor standards and allowance settlement under existing labor laws, rules and regulations, and similar issuances: Provided, furthermore, That the Grantee shall regularly submit a list of job vacancies within the franchise area to the Public Employment Service Offices (PESOs), in accordance with Republic Act No. 8759 or the "Public Employment Service Office Act of 1999", as amended: Provided, finally, That the list of employment opportunities or jobs created shall be reflected as an attachment to the General Information Sheet (GIS) to be submitted to the Securities and Exchange Commission (SEC) annually.