Format: Quit Claim for Departing Yayas

RELEASE WAIVER AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

That I, (Yaya Name), Filipino, of legal age, a resident of (Yaya Residence Address), and formerly employed with (Employer’s Name), do by these presents acknowledge that I have already received my full payment and final settlement of the (financial assistance or separation pay, overtime pay, salary or salaries, wage or wages, commutable sick and vacation leaves, gratuities or any kind of compensation or emoluments) due to me or which may be due to me from (Employer’s Name) under the law or under any existing agreement with respect thereto, as well as any and all claims of whatever kind and nature which I have or may have against (Employer’s Name), arising from my employment with (and the termination of my employment with) (Employer’s Name).

In consideration of this agreement, I do hereby acknowledge this quitclaim, and will waive any and all actions of whatever nature, expected, real or apparent, which I may have against (Employer’s Name).  I will institute no action, whether civil, criminal, labor or administrative against (Employer’s Name). Any and all actions which I may have commenced either solely in my name against (Employer’s Name) are hereby deemed and considered voluntary withdrawn by me and I will no longer testify or continue to prosecute said action(s).

I declare that I have read this document and have fully understood its contents.  I further declare that I voluntarily and willingly executed this Release, Waiver and Quitclaim with full knowledge of my rights under the law.

IN WITNESS WHEREOF, I have hereunto set my hand at Current Address, this ___ day of (Month) 2019.

_______________________________________
(Yaya Complete Name)

SIGNED IN THE PRESENCE OF

_______________________        ______________________

I also use this document for all other employees departing our employ. Word Document can be downloaded here: QuitClaim – Generic

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About Bonita

I'm a forgetful person. But I think a lot. Every day, a lot of thoughts enter my head. That's why this blog came to be: first, to keep my memories alive through the years, and two, to actually see how I and my thoughts have changed. Please note that I seldom draft or edit my posts. Sometimes, if I'm not careful, I offend some of you, my readers. And while I apologize for making you feel uncomfortable, I am not sorry for being honest or for making well-intentioned mistakes. I will however be the first to admit if I change my mind. Hence, do read and proceed with caution. My life is as colorful and as boring as you make it. I complain many days, but offer some encouragement in others. Life is fluid, it changes. So keep the positives and throw away the negatives, and I do hope that at the end of the day, you will enjoy reading the blog and leaving comments here and there if my posts touches you. Happy reading!
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