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RELEASE, WAIVER AND QUITCLAIM KNOW ALL MEN BY THESE PRESENTS: I, _________________________, Filipino, of legal age, and a resident

of _____________________________ , after having been sworn in accordance to the law, do hereby freely and voluntarily depose and make the following declarations and promises:
1. That I was an employee of International Academy of Film and Television,

Inc. (hereafter, the Company), having been connected therewith as____________________, since ____________________.
2. That I confirm that I voluntarily resigned from the aforementioned Company

effective ____________.
3. That I hereby acknowledge that I have received from the Company all of my

accrued salaries/wages, allowances, commissions and other benefits (collectively, Remunerations) for the service which I have rendered for the said Company, as well as all amounts that are now or in the future may be due me from the Company.
4. That I am fully aware that other than the above Remunerations which I have

already received, I am not entitled to any other amounts, compensation, benefits or separation pay from the Company. 5. That on _______________, the Company has given me the total sum of Pesos: _____________________________________ (PHP _____________) as financial assistance.
6. That and in consideration of the financial assistance given to me by the

Company to my full satisfaction and appreciation, I do hereby voluntarily quitclaim, release, waive and forever discharge the Company, its owners, affiliates, stockholders, directors, officers, employees or staff from any

demand, cause action of whatever nature, claim for sum of money, or any other obligation by reason of, or arising from, or in connection with, all incidents of my previous employment with the Company or the cessation thereof, or the execution of this instrument.
7. That I further state that I do not have the intention to, and promise not to,

file cases or complaints or institute any action, whether civil, criminal, labor or administrative against the Company, its owners, affiliates, stockholders, directors, officers, employees and staff in any court, tribunal, quasi-judicial bodies, government offices, agencies or commissions including without but not limited to the Department of Labor and Employment (DOLE), National Labor Relations Commission (NLRC), Social Ssecurity System (SSS), Home Development Mutual Fund (Pag-IBIG), Philippine Health Insurance Corp. (PhilHealth), or other similar government owned or controlled corporations; and that in the case of any and all actions I may have previously commenced or instituted whether directly or through another person in my behalf, I will not continue to prosecute the said cases, and this Release, Waiver and Quitclaim (RWQ) may be pleaded to bar any such action, suit or proceeding or that this RWQ shall serve as my motion to dismiss any such case, and I hereby irrevocably and unconditionally authorize the Company to cause the immediate dismissal thereof based on this RWQ.
8. That I further agree that the financial assistance which I have received as

provided herein shall not in any way be construed as an admission of liability on the part of the Company, its owners, affiliates, stockholders, directors, officers, employees or staff, and that the same financial assistance is voluntarily accepted by me and will, if need be, serve as full and final settlement of any amount(s) due me in connection with my previous employment with the Company.
9. I undertake that I will not at any time, in any manner whatsoever, directly or

indirectly engage in any activity prejudicial to the interest of the Company, its owners, affiliates, stockholders, directors, officers, employees or staff, and will perpetually keep in confidence all trade secrets and confidential information I obtained from the Company, its owners, affiliates, stockholders, directors, officers, employees or staff. I further acknowledge that my failure to abide by these undertakings will make me liable to pay damages.

10. I finally declare that I have fully read and completely understood the

contents of this RWQ which is hereby given and made by me willingly, irrevocably, unconditionally and voluntarily and with full knowledge of my rights under the law. IN WITNESS WHEREOF, I have hereunto set my hand this ___________ 2011 at Cebu City, Philippines. _________________________ Name and Signature of Former Employee With the assistance of: ________________________ Legal Counsel of Former Employee

Signed in the presence of: ______________________________ Hon. __________________ Executive Labor Arbiter NLRC Fourth Division

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