Be it enacted by the Senate and House of Representatives of  the Philippines in Congress assembled:
 
     SECTION 1. Section 12 of Republic Act Numbered Sixty-seven hundred twenty-seven is hereby amended to read to as follows:

     "Section 12. Any person, corporation, trust, firm, partnership, association or entity which refuses or fails to pay any of the prescribed increases or adjustments in the wage rates  made in accordance with this Act shall be punished by a fine  not less than Twenty-five thousand pesos (P25,000) nor more than  One hundred thousand pesos (P100,000) or imprisonment of not  less than two (2) years nor more than four (4) years, or both such  fine and imprisonment at the discretion of the court: Provided,  That any person convicted under this Act shall not be entitled to  the benefits provided for under the Probation Law.
 
      "The employer concerned shall be ordered to pay an   amount equivalent to double the unpaid benefits owing to the employees: Provided, That payment of indemnity shall not  absolve the employer from the criminal liability imposable
under this Act.

     "If the violation is committed by a corporation, trust or  firm, partnership, association or any other entity the penalty  of imprisonment shall be imposed upon the entity's responsible officers, including, but not limited to, the president, vice-president, chief executive officer, general manager, managing  director or partner."

 
      Approved:

 
      (SGD.) NEPTALI A. GONZALES
      President of the Senate

 
      (SGD.) JOSE DE VENECIA, JR.
      Speaker of the House of Representatives

 
     (SGD.) HEZEL P. GACUTAN
      Secretary of the Senate

 
      (SGD.) CAMILO L. SABIO
      Secretary General
      House of Representatives

 
      Approved: June 11, 1996

      (SGD.) FIDEL V. RAMOS
      President of the Philippines