For Loyalty / Recontracting offers, these are your options:
>> Bill Rebate: You can avail of bill rebates for the next 24 months! Bill rebate amount depends on the current plan you availed and it depends on the promo period.
>> New Gadget: You can get a new gadget with a new contract. The contract would depend on what you would choose, may it be 6, 12, 18, 24, 30 months.
And the handset cashout would depend on the device you availed of and the contract period. If your device is free, then there should be no cashout.
For recontracting availment, you may visit any Customer Service Counters at any Globe Store Nationwide. Or you can avail of recontracting via hotline (211 using your globe mobile) and your device will be delivered to your doorstep in days!
I hope this helps and best regards!