TAX SHIELD AGREEMENT

Employer Name: SUNLAND DEVELOPMENT CORPORATION

Business Address: 747 Nicanor Padilla St. San Miguel, Manila, Philippines
Employee Name:
Employee Address:
TIN No.:
HDMF:

SSS No.:

PHIC:

WAIVER/UNDERTAKING
The above named Employee undertakes to become a participant of
the Tax Shield Agreement and agrees to be bound by all the terms and
conditions of this agreement.
By executing this agreement, employee authorizes the Employer to
reduce his/her monthly basic salary, wage, compensation or earnings and
to deduct and withhold from which the amount necessary to pay all the
Mandated Contributions such as SSS, Phil-health and Pag-ibig, as provided
under RA 8282, RA 7875 AND RA 9679 respectively.
That the Employee accepts and agrees that:
1. This agreement is legally binding and irrevocable with
respect to the amounts paid or available while this
agreement is in effect;
2. This agreement may be changed with respect to the
amounts agreed upon by and between the employer and
employee;
3. This agreement may be terminated anytime by the
employee or by the employer or both the parties with the
consent of one another;
That, Employee is responsible for providing the necessary
information at the time of initial enrollment and later if there are any
changes in any information necessary or advisable for Employer to
administer the agreement.
That, Employee also agrees that, Employer shall have no liability
whatsoever for any and all losses suffered annuity/benefits from his/her
mandated benefits due to this agreement.

Conforme:

_____________________
Employee