Release Waiver and Quitclaim

RELEASE WAIVER AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

            That I, __________________, Filipino, of legal age, a resident of __________________, and formerly employed with __________________, do by these presents acknowledge receipt of the sum of __________________, Philippine Currency, from _____________________ in full payment and final settlement of the (financial assistance or separation pay, overtime pay, salary or salaries, wage or wages, commutable sick and vacation leaves, gratutities or any kind of compensation or emoluments) due to me or which may be due to me from ____________________ under the law or under any existing agreement with respect thereto, as well as any and all claims of whatever kind and nature which I have or may have against ________________, arising from my employment with (and the termination of my employment with ______________________.

            In consideration of said payment, I do hereby quitclaim, release, discharge and waive any and all actions of whatever nature, expected, real or apparent, which I may have against _______________, its directors, officers, employees, agents and clients by reason of or arising from my employment with the company.  I will institute no action, whether civil, criminal, labor or administrative against _________________, its directors, officers, employees, agents and clients.  Any and all actions which I may have commenced either solely in my name or jointly with others before any office, board, bureau, court, or tribunal against _________________, its directors, officers, employees, agents and clients are hereby deemed and considered voluntary withdrawn by me and I will no longer testify or continue to prosecute said action(s).

            I declare that I have read this document and have fully understood its contents.  I further declare that I voluntarily and willingly executed this Release, Waiver and Quitclaim with full knowledge of my rights under the law.

            IN WITNESS WHEREOF, I have hereunto set my hand at _____________, this ___ day of _______________, 2000.
 

                                                                                                                              _______________________
                                                                                                                                                     Affiant
 

SIGNED IN THE PRESENCE OF

_______________________        ______________________