RELEASE WAIVER AND QUITCLAIM
KNOW ALL MEN BY THESE PRESENTS:
That I, (NAME OF EMPLOYEE), Filipino, of legal age, single, and a resident of (Place of Residence), and formerly employed with (NAME OF EMPLOYER), do by these presents acknowledge receipt of the sum of (AMOUNT IN WORDS) (AMOUNT IN FIGURES), Philippine Currency, from (NAME OF REPRESENTATIVE OF EMPLOYER) in full payment and final settlement of all salaries and wages, benefits, leaves, gratuities or any kind of compensation or emoluments due me or which may be due me from (NAME OF EMPLOYER) 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 (NAME OF EMPLOYER), arising from my employment and the voluntary/compulsory termination of my employment with (NAME OF EMPLOYER).
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 (NAME OF EMPLOYER), 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 (NAME OF EMPLOYER), 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 (NAME OF EMPLOYER), its directors, officers, employees, agents and clients are hereby deemed and considered voluntary withdrawn by me and I will no longer testify or continue to prosecute said action(s).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 (Place of Signing), (Date of Signing).
NAME OF EMPLOYEE
SIGNED IN THE PRESENCE OF:
____________________________ ___________________________
