Section 14
SEC. 14. The officials, employees and laborers of the LASEDECO who may be separated from the service by virtue hereof and who are entitled to retire under Re public Act Numbered Six hundred sixty shall be so retired upon the payment of the obligations of the LASEDECO to the Government Service Insurance System subsisting under said account on the date of the approval hereof. Those who may not be retired shall be entitled to thirty days’ separation pay, the money value of earned vacation and sick leaves, and gratuity which shall be paid in one lump sum equivalent to one month's salary for every year of satisfactory service rendered in any branch of the government and government agencies and instrumentalities on the basis of the highest salary received by them: Provided, That any of said officials, employees or laborers who has rendered less than one year of service shall be paid in one lump sum a gratuity equivalent to one-half of one month's salary: And provided, further, That in case of subsequent reinstatement in the Government service or in any Government-owned or controlled corporation of any such official, employee or laborer who has been paid gratuity hereunder, he shall refund to the National Government the value of the gratuity which he would not have as yet received if it had been payable in monthly installments.