Section 8April 5, 2001, Sec./Art. 8

Cash Incentives for National Athletes. - National athletes who win gold, silver and bronze medals in international competitions shall be entitled to cash awards in the following amounts:

A. INDIVIDUAL EVENTS

(a) For gold medalists:

(1) Five million pesos (P5,000,000.00) for Olympic Games;

(2) Two million five hundred thousand pesos (P2,500,000.00) for quadrennial World Championships;

(3) One million pesos (P1,000,000.00) for Asian Games; and

(4) One hundred thousand pesos (P100,000.00) for Southeast Asian Games (SEA Games).

(b) For silver medalists:

(1) Two million five hundred thousand pesos (P2,500,000.00) for Olympic Games;

(2) One million pesos (P1,000,000) for quadrennial World Championships;

(3) Five hundred thousand pesos (P500,000.00) for Asian Games; and

(4) Fifty thousand pesos (P50,000.00) for the SEA Games.

(c) For bronze medalists:

(1) One million pesos (P1,000,000.00) for Olympic Games;

(2) Five hundred thousand pesos (P500,000.00) for quadrennial World Championships;

(3) One hundred thousand pesos (P100,000.00) for Asian Games; and

(4) Ten thousand pesos (P10,000.00) for the SEA Games.

B. TEAM EVENTS

For competitions with less than five (5) participants per team, the team shall receive the same cash awards for individuals medal winners as herein provided, to be divided equally among the team members actually present during the competition.

For competitions with five (5) or more participants per team, the team shall receive twice the cash awards for individual winners, to be divided equally among the team members actually present during the competition:

Provided, That for demonstration and exhibition sports events in the Olympic Games, winning national athletes shall receive fifty percent (50%) of the cash awards for Olympic medalists as herein provided: Provided; further, That for SEA Games, monetary incentives shall be given starting 200 1 to the winning athletes or terms who have equaled or surpassed the existing game records or the previous placings in non-measurable events.