SALES, BERNARDO P., Filipino, of legal age, and residing at Thrush
Street, Countryside Village Phase III, Parañaque City;
- and -
SEIZE TOMORROW CORPORATION (STC) a corporation duly
organized and existing under Philippine laws with principal office located at Atrium of Makati, G/F, Makati Ave., Makati City, represented by its President, GREDOÑA, PAOLO B., duly authorized for this purpose, as shown by the attached authority.
Antecedents:
Bernardo Sales filed a complaint against Seize Tomorrow
Corporation (STC) and a number of its officers before the arbitration branch of the National Labor Relations Commission, Regional Office IV located in Calamba City, Laguna, docketed as NLRC Case RAIV 82345-07 for a number of issues arising from the last company action against him.
During the mandatory conference between the parties, they amicably
settled their differences.
ACCORDINGLY, for and in consideration of the foregoing premises, the
parties agree as follows:
A. SEIZE TOMORROW’S Obligation:
1. To pay Bernardo the sum of P500,000.00 cash upon execution of this
compromise agreement as a way of financial assistance.
B. BERNARDO’s Obligations:
1. To be committed not to do any acts that may prejudice the interest of
STC, its branches, or its projects arising from or with respect to his previous employment.
2. To execute a quitclaim against the same company and its officers.
(SGD.) BERNARDO P. SALE (SGD.) PAOLO B. GREDOÑA
PRESIDENT OF SEIZE ARELLANO, MARK ADRIAN P. ASSIGNMENT 1
TOMORROW CORPORATION (STC)
Signed in the presence of:
(SGD.) RODEL C. TAMAYO (SGD.) LARRY A. CRUZ
ACKNOWLEDGMENT
BEFORE ME, personally appeared:
Name Passport Date/ Place Issued
1. Bernardo P. CC246530 9-05-2018/ Manila Sales
2. Pedro C. DD298945 10-17-2018/ Manila
Tabaquin, President of Seize Tomorrow Corporation
They are known to me to be the same persons who presented the
foregoing contract and acknowledged to me that the signatures they affixed in it are their voluntary acts for the purposes stated in their document.
SIGNED AND SEALED in Manila, 15 November 2018.
(SGD) Jose R. Mendoza
Notary Public for Manila Suite 212 Burke Building, Escolta, Manila Commission Serial 65453 Until Dec. 31, 2019 Roll of Attorney 38718 PTR 56789; 1-12-19; Manila IBP 24680; 1-12-19; Manila
Doc. 16; Page 3; Book I; Series of 2019 ARELLANO, MARK ADRIAN P. ASSIGNMENT 1