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WITNESETH:
WHEREAS, the parties are willing to enter into an amicable settlement;
NOW, THEREFORE, the PARTIES, in order to buy peace, have mutually agreed
to amicably settle under the following terms and conditions, to wit:
1. That the FIRST PARTY has hired the SECOND PARTY as security guards of
the former;
3. That the SECOND PARTY has agreed with the FIRST PARTY the settlement
of the 13th month pay, five (5) days service incentive leave, and four (4) hours overtime
pay, which are due to the SECOND PARTY as a result of the inspection conducted by
the Department of Labor and Employment Inspector last September 20, 2018;
4. That the FIRST PARTY hereby undertakes to pay the SECOND PARTY the
following amounts corresponding each of the subject employees (SECOND PARTY) of
this agreement, to wit:
5. That the SECOND PARTY hereby waives whatever money claims and
monetary benefits against the FIRST PARTY for the period covered by the aforesaid
inspection conducted by the DOLE;
8. That the PARTIES have executed this agreement as their free and voluntary act
and deed without any threat, intimidation, fraud or coercion, or any vice or defect, from
the management nor from any persons.
IN WITNESS WHEREOF, we have hereunto set our hand this 9th day of October
2018 at Maramag, Bukidnon, Philippines.
LEMUEL M. SARAUS
____________________
1.__________________________ 2. ___________________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public in and for Malaybalay City, Bukidnon, Philippines,
personally appeared the above-named persons with their proper issued identifications and who
are known to me to be the same persons who executed the foregoing instrument and
acknowledged to me that the same is their own free and voluntary act and deed.
WITNESS MY HAND AND SEAL this 9th day of October 2018 at ________________,
Bukidnon, Philippines.
Doc. No.____;
Page No.____;
Book No.____;
Series of 2018.