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1. Parties: Identification of the employer and employee, including complete legal names and addresses
2. Background: Brief history of employment relationship, reason for separation, and context of the agreement
3. Definitions: Key terms used throughout the agreement, including 'Effective Date', 'Separation Date', and other relevant terms
4. Separation Terms: Details of employment termination, including last working day and immediate obligations
5. Separation Benefits: Comprehensive breakdown of all financial benefits, including statutory and additional payments
6. Final Pay Computation: Detailed calculation of final pay, including pro-rated 13th month pay, unused leave credits, and other entitlements
7. Tax Treatment: Clarification of tax obligations and treatments of various payment components
8. Release and Waiver: Employee's release of claims against the employer, subject to Philippine law requirements
9. Company Property: Requirements for return of company property and confidential information
10. Confidentiality: Ongoing obligations regarding confidential information and trade secrets
11. Non-disparagement: Mutual agreements regarding non-disparagement
12. References: Agreement on handling of employment references and certificates
13. Governing Law: Specification of Philippine law as governing law and relevant jurisdiction
14. Execution: Signature blocks and execution requirements
1. Non-compete: Restrictions on future employment, if applicable and enforceable under Philippine law
2. Post-employment Benefits: Any continuing benefits such as health insurance coverage or retirement benefits
3. Rehire Eligibility: Statement regarding future employment eligibility with the company
4. Cooperation in Transition: Terms for employee's assistance in transitioning responsibilities
5. Stock Options/Equity: Treatment of any outstanding stock options or equity compensation
6. Legal Consultation: Acknowledgment of opportunity to seek legal counsel, recommended for senior employees
7. Collective Bargaining Agreement Compliance: Required for unionized employees to ensure compliance with CBA terms
8. Dispute Resolution: Alternative dispute resolution procedures, if preferred over court proceedings
1. Schedule A - Separation Payment Calculation: Detailed breakdown of all separation payments and calculations
2. Schedule B - Company Property Checklist: List of company property to be returned and confirmation of return
3. Schedule C - Benefits Summary: Summary of benefits and their treatment post-separation
4. Schedule D - Outstanding Obligations: List of any outstanding loans, advances, or other obligations
5. Appendix 1 - Clearance Form: Standard DOLE-compliant clearance form
6. Appendix 2 - Certificate of Employment: Draft certificate of employment
7. Appendix 3 - Quitclaim: Separate quitclaim document if required by company policy
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