Page 41 - HRD
P. 41

EMPLOYEE  shall  inform  and  give  notice  to  USTDI  of  his/her  intention  of
                          terminating this Agreement thirty (30) days before effectivity of his/her resignation.
                          Failure to inform the USTDI of his/her intention to resign is tantamount to absence
                          without leave and damages resulting from it will be borne by the EMPLOYEE. If
                          EMPLOYEE fails to complete the 30-day turnover period, any incentives due to
                          the EMPLOYEE will be forfeited in favor of the USTDI to answer for any loss or
                          damage such termination caused to the latter and no certificate of employment will
                          be issued to EMPLOYEE. However, USTDI has the option to exercise whether
                          EMPLOYEE shall complete the 30-day turnover period or not.

                          In  the  event  of  termination  of  this  Agreement,  the  EMPLOYEE  shall,  prior  to
                          his/her  separation  from  the  USTDI  secure  the  necessary  clearances  and  other
                          pertinent papers from the relevant departments of USTDI.

                          10.    OTHER PROVISIONS – The parties further agree that:

                                 a.      SEVERABILITY OF PROVISIONS - If any one or more of
                          the provisions contained in this Agreement or any documents executed in
                          connection herewith shall be declared by competent authority to be invalid,
                          illegal,  or  unenforceable  in  any  respect,  the  validity,  legality  and
                          enforceability of the remaining provisions contained herein or therein shall
                          not in any way be affected or impaired.

                                 b.      VENUE  OF  SUIT  -  Any  legal  action,  suit  or  proceeding
                          arising out of or relating to this Agreement or any documents executed in
                          connection herewith must be filed exclusively before any competent court
                          in San Juan City. The parties hereby waive any objection which they may
                          now or hereafter have to the venue of any such action, suit or proceeding,
                          and further waive any claim that any such suit, action or proceeding has
                          been brought in an inconvenient forum.

                          IN WITNESS WHEREOF, the parties have signed this contract in the place and
                   on the date above-written.




                                 USTDI
                          By:

                          _______________________                  ______________________________
                                 RIZA M. MANCOL                                _______________________
                                                          Signed in the presence of:








                   __________________________                       __________________________







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