MEMORANDUM OF AGREEMENT

KNOWN ALL PERSONS BY THESE PRESENTS:

This Memorandum of Agreement entered into by and between:

, an institution of higher learning, owned and operated by the

local government of Mabalacat City established on October 4, 2007
by virtue of Municipal Ordinance No. 2, series of 2007 and herein
represented by the LPT, Ph.D. with office address at Rizal St., Brgy.
Dolores, Mabalacat City, Pampanga, hereinafter referred to as the
“MCC”

-and-
, a corporation duly organized and existing under Philippines Laws
and herein represented by the General Manager, with office address
at 2/F AMC Bldg.,75 -F Jake Gonzales Blvd., Angeles City,
hereinafter referred to as the “COMPANY”

WITNESSETH:

WHEREAS, MCC is offering BS in Accountancy, has instituted an

On-the-Job Training/Practicum wherein qualified students undergo
training prior to graduation in order to reconcile the demand for holistically
competent graduates of BS in Accountancy Program;

WHEREAS, the MCC allowed students to undergo On-the-Job

Training, whereby proposals were accepted and approved subject to terms Witness
and condition provided in this Memorandum of Agreement;

WHEREAS, COMPANY agrees to accept students of the MCC under

the BS in Accountancy Program as on-the-job trainees at its facilities in
support of the On-the-Job Training Program and to provide the students
the opportunity to acquire practical knowledge, skills, and desirable
attitudes and values in the practice of Accountancy-related
activities/programs;

WHEREAS, all parties are cognizant of the need for cooperative

endeavor and fully aware of the mutual advantages and benefits that could
be mustered in undertaking a joint venture.

NOW, THEREFORE, for and in consideration of the above premises, the

parties hereunto have jointly agreed to implement a scheme designed to
achieve their common objectives as follows:

I. DUTIES AND RESPONSIBILITIES OF MCC

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1. Design, implement and evaluate the training plan jointly with the
COMPANY;

2. Provide trainees basic skills with theoretical, general education values

and human formation;

3. Recommend and assist trainees who will undergo On-the-Job Training;

4. Coordinate with the COMPANY on the implementation of the existing

training standard;

5. Require trainee to keep updated report book ready for inspection at any
given time;

6. Provide administrative support for the monitoring of attendance and

performance of the trainees undergoing on-the-job training;

7. Ensure that the provision of this agreement are properly implemented

and coordinated in the COMPANY for the purpose of ensuring high
standard of training under the BS in Accountancy program.

II. DUTIES AND RESPONSIBILITIES OF THE COMPANY

1. Implement and evaluate the training program prepared by the

Mabalacat City College – Institute of Business Education;

2. Ensure that acquisitions of the necessary abilities, values and

knowledge for the trainees are achieved in accordance with the approved
Witness
training plan;

3. Assure that the trainees proper work values and attitude are matched
with the COMPANY requirements or corporate values and culture.

4. Accommodate trainees for supervised in-plant training for a period of

150 hours;

5. Designate trainees to respective workstation eight hours daily and may

be requested to work beyond eight hours;

6. Allow practicum coordinator of MCC to visit the COMPANY at least two

days in a month to monitor the status of the program;

7. The COMPANY shall assign an OJT Focal Person/Supervisor;

8. The COMPANY shall have an orientation on the precautionary/safety

measures the Student Trainee must have before the start of the program

9. The COMPANY shall issue certificates of completion to students who

successfully finish their training under the Internship/On-the-Job-
Training Program;
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10. The COMPANY shall present an evaluation of the OJTs’ performance
upon completion of the training;

11. Ensure that the provisions of this agreement are properly implemented
and coordinated with MCC for the purpose of ensuring high standards
of training under the program;

III. THE FOLLOWING TERMS AND CONDITIONS ARE LIKEWISE

INCLUDED:

1. The COMPANY reserves the right to discontinue the On-the-Job

Training of the trainee on reasonable grounds upon written notice to
MCC. The discontinuation shall take effect immediately upon receipt of
the said notice. The reasonable grounds that may terminate the trainees
training are the following:

a. Habitual absenteeism from center and related theoretical instruction.

b. Willful disobedience of COMPANY rules or insubordination to lawful
order of superior;
c. Poor physical condition, permanent disability or prolonged illness
which incapacitates the trainee from working;
d. Theft or malicious destruction of company property and or
equipment;
e. Inefficiency of performance of the trainee for a prolonged period
despite warnings duly given to the trainee;
f. Engaging in violence or other form of gross misconduct inside the
COMPANY premises.
Witness
2. MCC may likewise, pull-out trainees from the center training for
reasonable grounds after a written notice. The written notice shall
immediately take effect upon receipt of the notice by the COMPANY. The
reasonable grounds that may terminate the training program are the
following:

a. Failure to comply with the requirements as stipulated in this contract

b. Substandard or deleterious working conditions within the COMPANY
premises;
c. Repeated violations by the COMPANY on the terms of the training
agreement;
d. Cruel or inhumane treatment by the COMPANY to the trainee.

3. Any decision by COMPANY regarding behavior and performance of the

trainees shall be forwarded to MCC through its On-the-Job Training
Coordinator for the due process or investigation.

4. During the affectivity of this agreement, it is understood that the

trainees shall follow all rules and regulations, policies and procedures
particularly those affecting the training activities, duly promulgated by
the COMPANY.
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 IV. CONFIDENTIALITY AND DATA PRIVACY

1. The parties acknowledge that the existence and the terms of this
Agreement and any oral or written information exchanged between the
Parties in connection with the preparation and performance of this
Agreement are regarded as confidential information.

2. Each party shall maintain confidentiality of all such confidential

information.

3. Disclosure of any confidential information by the staff members or

agencies hired by any party shall be deemed disclosure of such
confidential information by such party.

4. This Section shall survive the termination of this Agreement for any
reason.

V. AMENDMENT

No amendment or variation of the terms of this Agreement shall be effective

unless made in writing and consented to by both parties hereto.

VI. TERM
Witness
This Agreement shall take effect on April 2022 to July 2022 and shall
remain in full force and effect for four (4) months. The term of this
Agreement may be renewed on such period under such terms and
conditions as the parties may hereafter agree upon, and in such event, the
parties shall execute an amended Agreement incorporating such new terms
and conditions or an entirely new Agreement.

Notwithstanding the foregoing, any party may pre-terminate this

Agreement, after a thirty (30) day prior written notice, based on the
following grounds:

a. The student substantially violated the rules and regulations of the

COMPANY, or in case of serious misconduct of the student;
b. The COMPANY proven to fail in providing the safety of the student
and quality of training contemplated by this Agreement and the
stablished training Plan; and
c. There is material violation of the foregoing covenants that will
warrant the cancellations of this agreement.

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 VII. MISCELLANEOUS

The COMPANY shall not, in any way be held liable for any injuries or
accidents that the Student Trainee may suffer in the course of his/her
participation in the training provided that there is no fault or negligence on
the part of the COMPANY or of any of its personnel. The MCC and Student
Trainee shall hold the COMPANY harmless and free from any liability for
damage and injury only if due to the intentional or negligent acts of the
Student Trainee.

There shall be no employer-employee relationships between the COMPANY

and Student Trainee;

IN WITNESS WHEREOF, the parties, through their respective

representatives, have hereto affixed their signatures this ____ day of
__________________ 2022 in _______________________, Philippines.

by: by:

Signed in the Presence of:

_________________________
Dean HR Officer
Institute of Business and
Computing Education

ACKNOWLEDGEMENT

Republic of the Philippines)

City of ___________) s.s
Province of ______________)
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 BEFORE ME, a Notary Public, for and in the above jurisdiction this
____th day of _______________ 2022, personally appeared and presented to
me their respective competent identification documents, to wit:

Name Competent ID No. Date of Issue/Expiry

__________________ _____________________

___________________ _______________________
Known to me and to be known to be the same persons who executed the
foregoing MEMORANDUM OF AGREEMENT and acknowledged to me that
the same is their free and voluntary act and deed and that of the
institutions they represent.

This instrument refers to a MEMORANDUM OF AGREEMENT consisting of

six (6) pages including this page whereon this Acknowledgment is written,
signed by the parties and their witnesses on each and every page thereof.

WITNESS MY HAND AND NOTARIAL SEAL on the date and place first
mentioned.

Doc. No. ___; NOTARY PUBLIC

Page No.___;
Book No.___;
Series of 2022

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