REPUBLIC OF THE PHILIPPINES :

City of Pasig.

Company Sponsored External Training Agreement

This Company Sponsored External Training Agreement is made effective for all purposes and in
all respects as of this 19th day of September, 2019, by and between
____________________________________(Company)., hereinafter known as the "Company"
and ___________________, hereinafter known as the "Employee."

In consideration of Employee employment or continued employment by the Company, and in

recognition of the fact that as an employee he/she is given the opportunity to further his/her
knowledge, skills, and abilities by participating to any external training, seminar, conference at
the expense of the Company. The premises having been considered and with acknowledgment of
the mutual promises and of other good and valuable consideration herein contained, the Parties,
intending to be legally bound, hereby agree as follows:

1. The Company's Business. The Company is committed to quality and service in every aspect
of its business. The Employee understands that the Company looks to and expects a high level of
competence, cooperation, loyalty, integrity, initiative, and resourcefulness.

2. Management of The Company. The Company may manage and direct its business affairs as
it sees fit, including, without limitation, the assignment of sales territories, notwithstanding any
employee's individual interest in or expectation regarding a business location or customer
account.

3. Duties of Employee. The Employee shall comply with all Company rules, procedures and
standards governing the conduct of employees and the privilege to further enhanced his/her skills,
knowledge, and abilities by attending Company sponsored external training, seminar and
conference. The Employee understand that the Company will make reasonable efforts to inform
all the rules, standards and procedures which are in effect from time to time and which apply to
the Employee.

4. Binding Agreement. In consideration of the Employee employment rights under this

Agreement and in recognition of the fact that the Employee has been given the opportunity to
participate and attend Company Sponsored trainings which are conducted outside the Company
and/or organized by external training facilitators to help employee further his/her skills,
knowledge, and abilities, and that the Company recognizing the contribution of the employee to
be very beneficial in the usual operation of its business, the Employee agrees that for
__________(Period) commencing on (_________________________________), from and after
attending external training, seminars and conferences, for any reason, unless acting with the
Company's express prior written consent, the Employee shall stay with the Company to
maximize, utilize and share his/her expertise, skills, knowledge in making the Company’s
business grow.

Any violation of the aforesaid provision shall entitle the Company to a liquidated damage
representing the sum of the Employee’s salary for the remaining period of the contract and/or the
amount of _________________________________________(amount)
(Php___________________) whichever is higher.
5. Training Benefit. Any Company sponsored external training given by the
Company to the Employee within or outside the country, for the duration of his/her
employment shall be borne by the Company which may include the training
/seminar fee, professional fee, food, transportation, travel allowance, per diem and
miscellaneous expenses.

Subject to the condition that the said employee shall remain with the Company for:

Expenses Incurred No of No. of Years

Months
Php 5,000.00 and below No bond 0
Php5,001.00 – Php 6000.00 6 months 0
Php 6,001.00 – Php 10,000.00 12 months 1 year
Php 10,000.00 – Php20,000.00 24 months 2 years
Php 20,001.00 – Php30,000.00 36 months 3 years
Php 31,000.00 – Php50,000.00 60 months 5 years
Php 51,000.00 – Php70,000.00 and above 84 months 7 years

( Note : For every 5,000.00 expense is equivalent to 6 months Return of Service)

Sample Computation : 30,000.00 / 5000 = 6 x 6 months = 36 months ; 36 / 12 = 3 Years

Should the Employee pre-terminate or resign prior to the period required above, he/she
shall reimburse the pro-rata or full amount based on the over-all expenses, travel
expenses and/or other related expenses paid by the Company.

6. Employee's Obligation to Cooperate. At any time upon request of the Company, the
Employee shall execute all documents and perform all lawful acts the Company considers
necessary or advisable to secure its rights hereunder and to carry out the intent of this Agreement.

7. Right to Injunction. The parties hereto acknowledge that the services to be rendered by the
Employee under this Agreement and the rights and privileges granted to the Company under the
Agreement are of special, unique, unusual, and extraordinary character which gives them a
peculiar value, hence, the Employee expressly agrees that the Company shall be entitled to
injunctive and other equitable relief in the event of, or to prevent a breach of any provision of this
Agreement by the Employee including loss of trust by the Company to the Employee, and
violation of the Employee of any of the provisions of the Employee External Training Policy and
Guidelines.

8. Special Remedies. The Employee recognizes that money damages alone would not
adequately compensate the Company in the event of breach by the Employee of this Agreement,
and the Employee therefore agrees that, in addition to all other remedies available to the
Company at law or in equity, the Company shall be entitled to injunctive relief for the
enforcement hereof.

Failure by the Company to insist upon strict compliance with any of the terms, covenants, or
conditions hereof shall not be deemed a waiver of such terms, covenants or conditions.

9. Penal Provisions. – Any Employee who violates any of the provisions or of this Agreement
hereof, makes any untrue statement of a material fact or omits any material fact required to be
stated therein or necessary to make the statements therein not misleading, shall, after having
been found to have done so in an investigation called for that purpose, obligates
himself/herself to pay the company the amount of Php 50,000.00 or Php 200,000.00 as
compensatory damages which ever is appropriate at the option of the company.

The payment of the fine shall be without prejudice to the company instituting the appropriate
criminal or civil case with the regular courts, as the need arises.

10. Termination. The Company may terminate this Agreement at any time by a written notice
ten (10) working days prior to the effectivity of the termination. Termination of the Agreement
may be affected without written notice on the following grounds:

a. Conviction for any crime;

b. Failure or refusal to comply with the written policies or reasonable directive of the
Company;
c. Refuses to abide by the Code of Conduct implemented by the Company;
d. Serious misconduct in connection with the performance of his tasks; or
e. Material breach of any provision of this Agreement.

11. Miscellaneous Provisions. This Agreement contains the entire and only agreement between
the Employee and the Company respecting the subject matter hereof and supersedes all prior
agreements and understandings between the Company and the Employee as to the subject matter
hereof; and no modification shall be binding upon the employee or the Company unless made in
writing and signed by the Employee and an authorized officer of the Company.

The Employee obligations under this Agreement shall survive the termination of employment
with the Company regardless of the manner of or reasons for such termination, and regardless of
whether such termination constitutes a breach of this Agreement or of any other agreement The
Employee may have with the Company.

This Agreement shall be governed and construed according to the Labor Code of the Philippines
and shall be deemed to be effective.

BY SIGNING THIS AGREEMENT, THE EMPLOYEE ACKNOWLEDGES THAT THE

EMPLOYEE HAS READ AND UNDERSTOOD ALL OF ITS PROVISIONS AND THAT THE
EMPLOYEE AGREES TO BE FULLY BOUND BY THE SAME.

IN WITNESS WHEREOF, the parties hereto have signed this agreement on

______________________.
________________________________ ______________________________
COMPANY EMPLOYEE
 Signed in the presence of

_______________________________ ________________________________

Subscribed and Sworn to before me this _______________ day of _________________.

2010 in Pasig City, Philippines, affiant ____________________________ exhibiting his Res.
Cert. No. _________________
Issued on __________________________ at _____________________.

Doc. No. _______________

Page No. ________
Book No. _______________ Notary Public
Series of ________________ Until _____________