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And
Witnesseth:
Make
Series
Chassis No.
Motor No.
Year/ Model
Type of Body
No. of CYL
Fuel
Color
Plate No.
1
Whereas, (COMPANY)hereby grants EMPLOYEE privilege under the
company Car Plan Program with the following conditions:
2
7. Gas expenses shall be borne by the COMPANY provided that it was
incurred during official business for the COMPANY. In this regard,
official receipts of the actual gas expenses shall be presented by the
EMPOLYEE to the COMPANY for reimbursement;
8. The EMPLOYEE shall maintain this motor vehicle under such terms
and conditions which may further be provided for by the COMPANY;
9. This Car Plan Program is a privilege given to selected employees
solely based on the COMPANY’S prerogative. Therefore, upon the
awarding of said vehicle after five years of service, the availment of
another Car plan is not automatic and will be subject to the approval
of the COMPANY; and
10. As this Car Plan Program is a privilege, the COMPANY, upon its
discretion, has the right to terminate this agreement at anytime.
Name of Employee
Position
(COMPANY)
3
Witnesses:
_________________________ ______________________
ACKNOWLEDGEMENT
Name of Employee
4
This instrument, consisting of 5 pages, including the page on which
this acknowledgment is written, has been signed on the left margin of each
and every page thereof by the concerned parties and their witnesses, and
sealed with my notarial seal.
NOTARY PUBLIC