Sec. 1
Sec. 1. For purposes of effecting a total reorganization, including, if necessary, the creation of subsidiaries and of a separate nuclear power company, the National Power Board is hereby authorized and directed to:
a. Group, coordinate, consolidate or integrate positions and functions in NAPOCOR;
b. Create, classify, split and abolish positions;
c. Promulgate and adopt policies and measures necessary to allow decentralized operation and the establishment of subsidiaries and separate nuclear company pursuant to existing laws and loan covenants; and
d. Adopt a just and equitable program for the benefit of officials and employees who may be phased out from NAPOCOR by reason of the reorganization;
Sec. 2
Sec. 2. Any officer or employee of NAPOCOR who is not re-appointed within the period of ninety (90) days from the effectivity of the total reorganization fixed by the Board, or from the date the subsidiary or the separate nuclear company is legally organized, whichever is later, shall be considered to have been phased out by reason of the total reorganization.
Sec. 3
Sec. 3. Hereafter, all personnel sections in NAPOCOR and in the created subsidiaries, including the fixing of salaries and other compensation of officers and employees, shall not be subject to the regulations of the Office of the Compensation and Position Classification.
Sec. 4
This Executive Order shall take effect immediately
Sec. 4. This Executive Order shall take effect immediately.
Done in the City of Manila, this 11th day of September, in the year of Our Lord, nineteen hundred and eighty-four.