MEMORANDUM OF AGREEMENT

This Memorandum of Agreement (herein referred to as “Agreement’) is made and entered into the City
of Cabanatuan, Philippines by and between.

Land Bank of the Philippines “Land Bank of the Philippines” with office address at 1598 M.H.
del Pilar cor. Dr. J. Quintos Sts., Malate, Manila, represented by its Officer-in-Charge, HR
Planning and Staffing Unit, Recruitment Division, Personnel Administration Department, Ms.
HANELLE R. REYNA, herein after referred to Land Bank of the Philippines.

-and-

COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY – PHILIPPINES, Mabini

Extension, Cabanatuan City, represented by the Dean, DR. MARIA VICTORIA M. CRUZ, herein after
referred to as COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY - PHILIPPINES.

WHEREAS Land Bank of the Philippines in its concern to enhance the training and development
of more and better professionals, has teamed up with COLLEGE OF BUSINESS AND ACCOUNTANCY
WESLEYAN UNIVERSITY – PHILIPPINES for an On-the-Job-Training Program (“Program”) to provide
training and support to the students of COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN
UNIVERSITY – PHILIPPINES on the current trends and latest developments in the industry, and, to expose
them to actual industry situations, thereby enhancing their formal schooling.

NOW, therefore, for and in consideration of the foregoing premises, Land Bank of the
Philippines and COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY – PHILIPPINES
hereby agree on and stipulate the following:

A. Land Bank of the Philippines shall:

1. Undertake the selection process of the recommended students in adherence to Land Bank of
the Philippines policies and guidelines in the section for its purpose;
2. Provide the venue and assign personnel to take charge as well as supervise the on-the-job
training of students;
3. Provide COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY – PHILIPPINES
students information, training, and support;
4. Provide students exposure to actual office environment;
5. Accomplish the evaluation forms required by COLLEGE OF BUSINESS AND ACCOUNTANCY
WESLEYAN UNIVERSITY – PHILIPPINES in connection with to the on-the-job training of their
students;
6. Issue certificate of completion to students who successfully finish their training under this
Program; and
7. Designate an employee who will coordinate with COLLEGE OF BUSINESS AND ACCOUNTANCY
WESLEYAN UNIVERSITY – PHILIPPINES the various activities under this Program.

B. COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY – PHILIPPINES shall:

1. Recommend students who will undergo on-the-job training under this Program for final
selection/acceptance by Land Bank of the Philippines;
2. Designate a Representative who will coordinate with Land Bank of the Philippines on the various
activities under this program; and
3. Together with the students, faculty and parents concerned renounce and waive any claim
against Land Bank of the Philippines for any injury or loss that the trainees may sustain or may
suffer, personal or pecuniary, in the performance of their duties and functions while under the
training not attributable to the negligence or willful act of any of the personnel of Land Bank of
the Philippines. The waivers of the concerned parties shall be submitted at Land Bank of the
Philippines prior to the commencement of the training, which forms part of this Agreement.
 C. Under this Program, the following terms and conditions are likewise included:

1. It is expressly understood that there will be no employer-employee relationship

between Land Bank of the Philippines and the trainees of COLLEGE OF BUSINESS AND
ACCOUNTANCY WESLEYAN UNIVERSITY – PHILIPPINES;
2. The trainees will be personally responsible for any and all liabilities for damage to
property or injury to third persons, which may be occasioned by their international or
negligent acts while in the course of their training; and
3. COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY – PHILIPPINES shall
see to it that the trainees complete the agreed scope of work within the agreed
duration of the program; and
4. It is expressly understood by COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN
UNIVERSITY – PHILIPPINES, and the trainees that all information on technology,
manufacturing process, process standards, quality assurance methodologies, quality
standards, production capabilities, raw material purchasing, marketing, finance and all
other related documents, manuals, and operational or technical matters that Land Bank
of the Philippines shall make available to them shall be used solely for this Program. All
of these matters are classified as confidential in nature and proprietary to Land Bank of
the Philippines. COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY –
PHILIPPINES and trainees hereby undertake to prevent disclosure or transfer of such
information, consciously or unconsciously, to any party outside of institution without
the knowledge and written consent of institution.
5. It is expressly understood that Land Bank of the Philippines will only accept OJTs on a
case-to-case basis according to vacancy.

D. DURATION

This AGREEMENT shall hold for the duration of the School Year 2018-2019 of COLLEGE OF
BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY – PHILIPPINES, and is automatically renewable
every year, provided that FTC Business Center and COLLEGE OF BUSINESS AND ACCOUNTANCY
WESLEYAN UNIVERSITY – PHILIPPINES reserve their respective rights to withdraw their participation in
the agreement upon written notice.

IN WITNESS WHEREOF, the parties hereto have signed these presents on this _______ day of 2018, in
_____________, Philippines.

FOR:

LAND BANK OF THE PHILIPPINES CBA-WESLEYAN UNIVERSITY – PHILIPPINES

MS. HANELLE R. REYNA DR. MARIA VICTORIA M. CRUZ

Officer-in-Charge CBA, Dean
HR Planning and Staffing Unit,
Recruitment Division
Personnel Administration Department

Witness:

MR. GERALDINE B. VILLANUEVA Prof. ANTONIO JOSE D. CELIS

Assistant Division Chief, Recruitment Division BSBA, Program Head