Professional Documents
Culture Documents
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WITNESSETH, that:
2. This contract of Employment shall cover the period of six (6) months
commencing on _______________________ from 8:00 in the morning to 5:00 in the
afternoon, unless otherwise renewed or extended with the consent of both parties in
writing. Should the EMPLOYEE decide to resign during the term of this contract, she
shall be obliged to notify the COMPANY at least one (1) month prior to the intended
date of resignation to allow the COMPANY sufficient time to look for a replacement.
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In addition, the COMPANY shall grant the EMPLOYEE a reimbursable
allowance equivalent to Philippine Pesos: _____________________ (PhP______.00)
per month. (IF NECESSARY ONLY)
9. This employment contract, aside from the expiration of its term may be
terminated due to any of the following grounds:
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10. The EMPLOYEE agrees to sign a Non-Disclosure/Non-Competing
Agreement which becomes part of this contract which is entered into considering that
the position involves sensitive and confidential information, which if disseminated,
would be detrimental to the interest of the Company. It is hereby understood that the
employee holds a position of complete trust and confidence. As such, the employee
is absolutely prohibited from divulging, revealing, transmitting, or otherwise
conveying any and all trade secret and information, during the course of his
employment with the company and perpetually thereafter. It is mutually agreed
that, for a period of two (2) years from the time the employee terminates his relation
with the company, or ceases to be connected therewith, the employee shall not accept
employment from, be related to, nor be engaged in any business similar to or in
direct or indirect competition with the company; otherwise, the employee shall be
liable to pay the company liquidated damages of FIVE HUNDRED THOUSAND
(PhP500,000.00) PESOS.”
11. The EMPLOYEE hereby acknowledges that this contract was entered into
voluntary, knowingly and spontaneously and hereby agrees to be bound by the term
and conditions of this contract.
JOHN OCAMPOS
President
_____________________________ __________________________
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ACKNOWLEDGMENT