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Never Quit Claim Form

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0% found this document useful (0 votes)
19 views

Never Quit Claim Form

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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RELEASE, WAIVER AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

I, John Kenneth Isanan, with employee ID number 1599271, of legal age and with residence address at
175 Fernandez St. San Francisco Del Monte Quezon City, do hereby state under oath that:

1. I was an employee of Foundever Philippines (the “Company”).

2. I understand and agree that the full amount of fifteen thousand nine hundred and fifty eight and ninety nine cents
(Php 15958.99) representing my final and separation pay and constituting full and final settlement of any and all
claims, compensation, benefits and emoluments due or arising from my employment with the Company and/or in
the course of the cessation of my employment with the Company, due me from the Company, its subsidiaries and
affiliates, their respective stockholders, officers, trustees, directors, agents or employees, whether such amount are
due by virtue of any law, Company programs and/or Company practices.

3. For and in consideration thereof, I hereby unconditionally and absolutely release, remise and forever discharge
the Company, its subsidiaries and affiliates, their respective stockholders, officers, trustees, directors, agents or
employees, from any and all claims or actions, whether civil, criminal, administrative or otherwise, including but not
limited to claims for sums of money, unpaid wages, salaries, separation pay, retirement pay, leave credits or bonuses
or other obligations arising from any contract, agreement, plan or from any and all incidents of my previous
employment with the Company or the cessation of my employment with it, whether arising from any company policy,
company grant, or established practice.

4. I recognize and acknowledge that my separation is due to my voluntary resignation or just and authorized cause
and that due process was duly accorded to me. I hereby waive in a manner absolute any other claim or right of action
which I may have, in law or in equity, of whatever nature, whether past, present, or contingent against the Company
its subsidiaries and affiliates, their respective officers, stockholders, employees, directors and agents and their
respective heirs, successors or assigns.

5. I undertake not to do or cause anything prejudicial and detrimental to the interests of the Company or any of its
departments, divisions, subsidiaries and affiliates, stockholders, officers, trustees, directors, agents, employees or
officers, including but not limited to disparaging (or inducing or encouraging others to disparage) the Company
and/or any of the foregoing individuals. The term “disparage” includes without limitation, making any statement that
would adversely affect in any manner the conduct of the Company’s and its subsidiaries’ and affiliates’ businesses,
and their reputation and/or any of the foregoing individuals, and/or the personal reputation of any of the foregoing
individuals. Neither shall I participate, actively or inactively, in any present or future action or claims against the
Company or any of its departments, divisions, subsidiaries and affiliates, stockholders, officers, trustees, directors,
agents, employees or officers, by any person or entity. I also agree to observe the terms and conditions of my
contract of employment with the Company which are by the terms thereof required to be observed and performed
even after the cessation of my employment with the Company.

6. I will not at any time nor in any manner whatsoever, directly or indirectly, disclose to any person or entity any
knowledge or information of any kind and/or character relating to the business or operation of the Company,
including but not limited to, any of its clients, its manner of operation, plans, processes, practices, programs,
corporate schemes, or data of any kind or character which I acquired, learned, or received during my employment.
I bind myself to indemnify the Company for any and all damages that it may suffer or will suffer as a result of my
violation of this obligation.
7. I shall render every cooperation and assistance which the Company may require and unconditionally obligate
myself to turn-over and account for all the records, books, properties and assets of the Company which had been
placed in my custody in the course of my employment, and to answer for any and all damages, of whatever nature,
that the Company may suffer or will be liable to suffer as a result of my violation of this obligation.

8. When applicable, I also affirm that, in accordance with the employment contract I signed with the Company, I
shall not engage in any employment, activity or business that would compete or conflict with the business of the
Company or its customers with whom the Company conducts business, within one (1) year from cessation of my
employment, and that I will not seek to induce or encourage any customers to take any action which results in their
discontinuance or reduction in the level of business previously conducted with the Company or to compete with the
Company for such business within one (1) year from cessation of my employment, unless longer periods were
provided in my employment contract.

9. I also affirm and acknowledge the consent I previously gave to the Company allowing, among others, the Company
to process my personal information pursuant to legitimate purpose and processing even after the cessation of my
employment with the Company as provided in the Consent Form I signed.

10. In case this amount is zero, I acknowledge that the same is because there is no longer any amount due to me
and that I agree with the process undertaken to arrive at the final amount

11. I finally declare that I have read this document entitled Release, Waiver and Quitclaim, and fully understood
every word of it and its meaning and have affixed my signature hereunder voluntarily and freely, without force,
violence, duress, threat or intimidation, with the full and complete knowledge of the meaning and intent of this
document and of my rights under existing laws.

IN WITNESS WHEREOF, I have hereunto set my hand this ______ day of ________________ at
________________________________________

(SIGNATURE)

(EMPLOYEE NAME)

Date: _____________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


) S.S.

BEFORE ME, a Notary Public for and in the above-named place personally appeared:

Name Valid IDs (No./Place & Date Issued)

who exhibited to me the foregoing competent evidence of his/her identity and who acknowledged before me that
he/she executed the foregoing Release, Waiver and Quitclaim, consisting of 3 pages, and that his/her signature on
the instrument was voluntarily affixed by him/her for the purposes stated therein, and that he/she executed the
instrument as his/her free and voluntary act and deed.

Witness my hand and seal on ___________________________.

Doc. No. _____;


Page No. _____;
Book No. _____;
Series of 2023.

FOR FINANCE USE ONLY

Accounting Reference No. _____________________

Reviewed by _____________________

Payroll Reference No _____________________

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