We, Complainant _____________, and the Respondent _____________, hereby enter into this Compromise Agreement / Settlement of Any and All Claims, and by virtue thereof manifest as follows:
That Complainant _____________, by these presents, and for and in consideration of the total amount of __________________________ (P_____________), which he acknowledged to have received to his full and complete satisfaction from the Respondent _____________, hereby declares that he has no further claims whatsoever against the Respondent _____________ or any of its managers, staff, directors or officers and that he hereby releases and forever discharges the said Respondent from any and all claims, demands, cause of action, or liability of whatever nature arising out of his employment with the said Respondent;
That Complainant _____________ further manifests that the aforementioned amount that he received from Respondent _____________ shall be in full and final settlement of all his claims and benefits from the said Respondent, including those treated in the above-captioned case and that the payment so received as provided herein should not in any way be construed as an admission of liability on the part of Respondent _____________;
That this Compromise Agreement / Settlement of Any and All Claims constitutes a Release, Waiver and Quitclaim and that no further claim, suit or proceeding of whatever nature may be filed in any court or agency of the government against the herein Respondent or any person acting in its interest, since any and all claims in connection with the previous employment of the said Complainant have been finally settled once and for all.
As such, the parties hereto respectfully request the National Labor Relations Commission to treat the above-captioned case as CLOSED and/or finally DISMISSED with prejudice.
IN WITNESS WHEREOF, we have hereunto set our hands this _____________ at _____________, Philippines, after the contents of this Compromise Agreement / Settlement of Any and All Claims were read and understood by me after they have been explained by the Administering Officer.
SIGNED IN THE PRESENCE OF: