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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