DRIVING INSTRUCTOR TRAINING AND ACCREDITATION BOND

AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This DRIVING INSTRUCTOR TRAINING AND ACCREDITATION BOND

AGREEMENT is made and executed this 30th day of June, 2021 by and between:

 
EMMANUEL B. BUNAGAN with postal address at 7752
St. Paul St. San Antonio Village, Makati City with
accreditation number IDS-2021-00121-13 hereinafter
referred to as the “EMPLOYEE”.  

-and-
 
I LEARN DRIVING SCHOOL, with business and postal
address Unit 103 MJM Bldg. 9516 Taguig St. Brgy.
Valenzuela, Makati City, hereinafter referred to as
the "COMPANY".
 
WITNESSETH, THAT;

WHEREAS, the COMPANY has agreed to invest on the development of the

EMPLOYEE and has agreed to train and send the EMPLOYEE to any trainings that
the company may conduct.

WHEREAS, the COMPANY will provide the EMPLOYEE with air fare, travel
expenses, training fees, accommodation, reasonable allowances for food and
transportation (herein referred to as EXPENSES).

WHEREAS, in consideration of the premises, the EMPLOYEE has agreed to enter

into this Agreement upon the terms and conditions appearing hereinafter:

1. The EMPLOYEE shall, during the course of the training diligently finish the
training and shall not engage in any activity which shall not be in the interest
of the COMPANY.

2. The EMPLOYEE shall not divulge to any person or persons any trade secrets,
copyright materials, information concerning the COMPANY’s business affairs
or finances or strategies, confidential report or research of the COMPANY
and any other information confidential to the COMPANY and its suppliers or
clients.

3. Upon successful completion of the program, the EMPLOYEE undertakes to

serve the COMPANY for the LOCK-IN PERIOD. In consideration for this, the
EMPLOYEE undertakes to continuously render his services and expertise to
 the COMPANY from the execution of this Agreement until the end of FIVE
(5) years after the completion of the employee’s training.

4. In the event that the EMPLOYEE voluntarily resigns from the COMPANY
during the LOCK-IN PERIOD, the EMPLOYEE shall be liable to pay the
COMPANY liquidated damages in a sum equivalent to the amount of the
TRAINING INVESTMENT in proportion to the unserved time left of the
LOCK-IN PERIOD as defined herein, plus all other sums that he/she may be
liable to pay under other Training Bond Agreements he/she entered into with
the COMPANY.

5. The EMPLOYEE must liquidate allowances, return unused cash advance and
file for reimbursement (if applicable). Liquidations and reimbursements must
be supported with receipts. Expenses that are personal in nature or not
related to the training shall not be considered as official and will not be
reimbursed.

6. In the event that the EMPLOYEE voluntarily resigns from the COMPANY in
violation of this Training Bond Agreement but has already partially served the
LOCK-IN PERIOD, the liability of the EMPLOYEE shall be calculated on the
following:
LTO Accreditation Expense
• Requirements
3,000.00
• Biometrics

7. The EMPLOYEE’s liability under Paragraph 4 and 5 hereof shall be without

prejudice to the COMPANY’s right to file a civil case for damages against the
EMPLOYEE for such liability arising from any acts or omissions in violation of
the law and/or of Company Policy.

8. This Agreement shall not be construed as a guarantee to the EMPLOYEE for

non-termination. This Agreement shall be without prejudice to the
COMPANY’s right to sanction or terminate the EMPLOYEE for any just or
authorized cause pursuant to law and/or to Company Policy. In the event of
such termination, the same does not absolve the EMPLOYEE from liability as
to the liquidated damages stated above, as well as any other liability that the
EMPLOYEE may incur.

9. This Agreement holds the COMPANY’s right not to release the certificate of
NCII Driving and Automotive Servicing Training attended by the EMPLOYEE
until the date of validity of the certificates expires.

10.Any and all actions arising from this Agreement shall be filed solely with the
appropriate courts in the City of Makati, to the exclusion of all other courts.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this
_______day of __________ 2022 at _______________________________,
Philippines.
 
 
I LEARN DRIVING SCHOOL

By:

EMMANUEL B. BUNAGAN RYAN A. LINAO

Employee President

SIGNED IN THE PRESENCE OF:

___________________________            _______________________
 
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

__________________________)  SS.

BEFORE ME, a Notary Public, this ____________day of ________________,

personally appeared the following:
 
Name                               Government ID No.                Date/Place Issued
 

 
This instrument, consisting of ___ page/s, 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.
 
IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place above
written.
  
 
Notary Public
                               
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 20__.