1. Henry A. Bati-On Jr. is an employee of Pieceland Corp. who has voluntarily agreed to have half of his salary deducted to help cover salaries for other employees during the economic difficulties caused by the COVID-19 pandemic.
2. Pieceland Corp.'s building tenancy has dropped to 33% due to the pandemic, reducing the company's cash flow and ability to pay all employee salaries.
3. Bati-On agrees to the salary deduction and waives any right to make claims against the company regarding this agreement or any statutory benefits. He will also not take any legal action against the company in the future regarding this matter.
1. Henry A. Bati-On Jr. is an employee of Pieceland Corp. who has voluntarily agreed to have half of his salary deducted to help cover salaries for other employees during the economic difficulties caused by the COVID-19 pandemic.
2. Pieceland Corp.'s building tenancy has dropped to 33% due to the pandemic, reducing the company's cash flow and ability to pay all employee salaries.
3. Bati-On agrees to the salary deduction and waives any right to make claims against the company regarding this agreement or any statutory benefits. He will also not take any legal action against the company in the future regarding this matter.
1. Henry A. Bati-On Jr. is an employee of Pieceland Corp. who has voluntarily agreed to have half of his salary deducted to help cover salaries for other employees during the economic difficulties caused by the COVID-19 pandemic.
2. Pieceland Corp.'s building tenancy has dropped to 33% due to the pandemic, reducing the company's cash flow and ability to pay all employee salaries.
3. Bati-On agrees to the salary deduction and waives any right to make claims against the company regarding this agreement or any statutory benefits. He will also not take any legal action against the company in the future regarding this matter.
I, HENRY A. BATI-ON, JR. of legal age, Filipino and with office
address at 4th Floor of Marvin Plaza Building, 2153 Chino Roces Ave., Barangay Pio del Pilar, Makati City, Metro Manila, Philippines, after having been duly sworn to law, do hereby depose and state, that:
1. I am currently employed by Pieceland Corp. as an Accounting
Department Officer;
2. I acknowledge and truly understand that the company is
currently experiencing a substantial, serious, actual, and real loss due to the economic effect of the COVID-19 pandemic to the tenancy of the company’s Marvin Plaza Building, with more or less 70% has opted to terminate their respective lease contract;
3. As of this date, the tenancy rate of the building remains at
33%, and as a consequence, the cash flow of the company continuously diminished, affecting further the operational expenses of the company, including the salaries of its employees;
4. In order for the company to give the respective salaries of the
other employees of the company, I voluntarily consent the company to temporarily withhold or deduct half of my salary to cover the salary of other employees of the company;
5. That I understand that the company will completely or
proportionately return to me the total amount withheld from my salaries, without interest, whenever the company be able to sell its assets or have an increase in tenancy rate or revenues;
6. That I hereby release, remise, and forever discharge the
Pieceland Corp., its principals, subsidiaries and their affiliates, and their respective stockholders, directors, officers, employees, representatives, or agents from all claims, demands, cause of action, or case of whatever nature arising from or relating to my express consent to deduct and withhold from my salaries;
7. I further warrant that I will institute no action, case, or
claim against Pieceland Corp., their respective stockholders, directors, officers, employees, representatives, or agents in connection with any and all statutory benefits due me from the company. I also manifest that this shall not be taken by me, my heirs, or assigns, as a confession and/or admission of liability on the part of the company, its successors-in-interest, assigns, agents, or employees
8. I finally declare that I have read and understand this
document and the release, waiver, and quitclaim hereby given are made willingly and voluntarily and with full knowledge of my rights under the law.
IN WITNESS WHEREOF, I have hereunto set my hands this ____
day of ________________, 2023, in _____________, Philippines.
HENRY A. BATI-ON, JR.
Affiant
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MAKATI CITY………………………..) S.S.
BEFORE ME, a Notary Public, on this ____ day of ____________, at
_____________________, personally came and appeared HENRY A. BATI - ON, JR. with competent proof of identity, __________________________ known to me to be the same person who executed the Affidavit of Discrepancy (One and the Same Person) and acknowledged to me that the same is her voluntary act and deed.
WITNESS MY HAND SEAL, on the date and at the place above
written.
Doc. No. ________;
Page No. ________; NOTARY PUBLIC Book No. ________; Series of 2023.