Pay Settlement Agreement Template for Philippines

1. Confidentiality: Terms regarding confidentiality of the settlement and its terms, used when parties want to keep the settlement private

2. Non-disparagement: Mutual obligations not to make negative statements about each other, included when reputation protection is important

3. Continuing Obligations: Any ongoing obligations that survive the settlement, used when there are remaining duties post-settlement

4. Future Employment: Terms regarding potential future employment with the company, included when addressing re-employment possibilities

5. Return of Property: Requirements for returning company property, used when employee has company assets

6. Certificate of Employment: Terms regarding the provision of employment certificates, included when employee requires formal documentation

7. Social Security and Benefits: Handling of benefits and social security matters, used when these need specific attention

8. Severability: Clause ensuring rest of agreement remains valid if part is found unenforceable, used in complex settlements

1. Schedule 1 - Payment Breakdown: Detailed breakdown of the settlement amount including basic pay, benefits, and other components

2. Schedule 2 - Tax Computation: Calculation of applicable taxes and withholdings

3. Schedule 3 - Payment Schedule: If payment is in installments, detailed schedule of payment dates and amounts

4. Appendix A - Employee's Claims: List of specific claims being settled by the agreement

5. Appendix B - Company Property List: Inventory of company property to be returned, if applicable

6. Appendix C - Benefits Statement: Statement of any benefits, insurance, or pension implications