The Severance Pay Release Of Claims Form is a crucial document used in the Philippines when terminating employment relationships and providing severance benefits. It serves multiple purposes: documenting the agreed-upon severance package, protecting the employer from future claims, and ensuring compliance with Philippine labor laws and DOLE regulations. This document is typically used during voluntary separation, redundancy, or other legitimate termination scenarios. It must be carefully drafted to balance the employer's need for finality with the employee's rights under Philippine law, including proper computation of benefits according to the Labor Code. The document should be presented with sufficient time for review and should ideally be executed in the presence of a notary public or appropriate witnesses to ensure validity.
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1. Identification of Parties: Names and details of the employer and employee, including company registration details and employee identification information
2. Recitals: Background information including employment history, termination date, and reason for separation
3. Definitions: Key terms used in the document including 'Claims', 'Separation Date', 'Severance Payment'
4. Severance Payment: Details of the severance amount, calculation method, payment timing, and tax treatment
5. Release of Claims: Comprehensive list of claims being released by the employee against the employer
6. Continuing Obligations: Ongoing obligations such as confidentiality and non-disclosure agreements that survive termination
7. Acknowledgment: Employee's confirmation of understanding the agreement and having time to review it
8. Execution: Signature blocks for both parties, including space for witnesses as required by Philippine law
1. Additional Benefits: Details of any additional benefits beyond statutory requirements, used when company is providing extra compensation
2. Non-Compete Provisions: Restrictions on future employment, included when required by company policy and allowable under Philippine law
3. Return of Company Property: List of company property to be returned, used when employee has company assets in possession
4. Reference Provision: Terms regarding future employment references, included when agreed between parties
5. DOLE Compliance Statement: Specific statement of compliance with DOLE regulations, included for higher-risk terminations
1. Schedule A - Calculation of Severance Pay: Detailed breakdown of severance pay calculation including base salary, years of service, and any additional factors
2. Schedule B - Benefits Summary: Itemized list of all benefits and their respective values being provided as part of the separation package
3. Schedule C - Company Property Checklist: Detailed list of company property to be returned, if applicable
4. Appendix 1 - Employee Information Sheet: Contains complete employee details including service history and final position
Relevant legal definitions
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Relevant Industries
Banking & Finance
Technology
Manufacturing
Retail
Healthcare
Professional Services
Education
Construction
Telecommunications
Business Process Outsourcing
Mining
Agriculture
Transportation & Logistics
Real Estate
Energy
Relevant Teams
Human Resources
Legal
Compliance
Employee Relations
Labor Relations
Risk Management
Corporate Governance
Finance
Executive Leadership
Administrative Services
Relevant Roles
HR Director
HR Manager
Legal Counsel
Compliance Officer
Employee Relations Manager
HR Business Partner
Compensation and Benefits Manager
Labor Relations Officer
Chief Human Resources Officer
HR Operations Manager
Legal Manager
Risk Management Officer
Chief Legal Officer
HR Administrator
Talent Management Director
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