Page 35 - HRD
P. 35

In case of breach with any of the provisions stated herein, the EMPLOYEE shall
                   be liable to pay ASI liquidated damages in the amount of not less than FIVE HUNDRED
                   THOUSAND PESOS (PHP 500,000.00).


                          8.     TERMINATION - ASI shall have the right to terminate this contract upon,
                  but not limited to, any or all of the following grounds:

                                 a.      Unsatisfactory  or  below  par  performance  of  the
                          EMPLOYEE,  as  determined  by  ASI,  negligence,  disobedience,
                          misconduct, misbehavior, imprudence, drunkenness, alcoholism, substance
                          abuse, and/or inappropriate conduct or act in any form, way or manner that
                          may prejudice ASI, its owners, directors, officers and/or personnel in any
                          way, such prejudice including but not limited to business loss or prejudice,
                          acts adversely affecting the operations and/or processes of ASI, ASI’s loss
                          of  goodwill  and/or  its  adversely  affected  business  reputation,
                          embarrassment to ASI, and other forms and manner of prejudice;

                                 b.      Breach of any provision of this Contract, unless waiver in
                          writing is made by ASI;

                                 c.      Loss of trust and confidence in the EMPLOYEE;

                                 d.      EMPLOYEE  makes  an  unauthorized  use  of  tools  and
                          equipment’s; and

                                 e.      Filing  of  any  suit,  civil  or  criminal,  by  the  EMPLOYEE
                          against ASI, and/or any of its owners, directors, officers and/or personnel.

                                 f.      Unable to meet the minimum quota, company has the right
                          to  terminate  the  contract  within  24  hrs.  (see  attached  agreed  minimum
                          quota).

                          Should any of the aforecited grounds arise, ASI shall have the right to terminate
                   this Agreement upon the giving of a notice in writing to the EMPLOYEE. The notice shall
                   be  served  personally,  or  by  registered  mail  at  the  above-written  address  of  the
                   EMPLOYEE, unless he has notified ASI in writing of any change in his address. This
                   termination shall be without prejudice to any other right or remedy that ASI may have
                   against the EMPLOYEE in law or equity.


                          In the event that the EMPLOYEE is terminated or resigned from the company, the
                   EMPLOYEE shall surrender all or allow ASI to buy back his company uniforms at twenty
                   percent (20%) of the purchase price.

























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