Return Service Agreement

RETURN SERVICE AGREEMENT

MEMORANDUM NO.

TO : EMPLOYEE ID. NO.

FROM : THE CHAIRMAN

SUBJECT : RETURN SERVICE AGREEMENT

Your request to attend the seminar/workshop conference on:

TOPIC :

VENUE :

DATE :

FEE :

is hereby approved. Please be informed, however, that you are hereby confined to the following terms and conditions:

1. That you agree to serve the company for a period of (___) months and (___) days commencing from the first working day after the seminar/training/conference/travel abroad;

2.  That the return service period is cumulative and shall be served in the chronological sequence based on the amount incurred by the company for such training, seminar or conference, or the travel expenses / fare shouldered by the company for your travel abroad.

3.  That should you consider resigning from the company or should your services be terminated for cause before the said period expire, it is understood that you shall refund the company in the amount equivalent to twice the amount spent for the training, seminar or conference, or travel expenses plus liquidated damages;

4. That you are required to submit a written report on the coverage of the seminar/training/conference/travel abroad expenses / fare within ten (10) days after the termination of the said undertaking;

5. That you are required to turn over to the company the accomplishment report after the training/conference/travel abroad and the like.

For your information and guidance.

DR. AMABLE R. AGUILUZ V.

Chairman

CONFORME: Employee’s Record of Return Service

Title of Training / Date/s / Return Service Period

Participant

Date:

Branch:

Department:

QR-HRD-RSA