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, gratuities 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withdrawn by me and I will no longer testify or continue to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

_______________________        ______________________