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5 Year Employment Contract Template for Philippines

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Key Requirements PROMPT example:

5 Year Employment Contract

"I need a 5 Year Employment Contract for a Senior Software Developer position in our Manila tech startup, starting January 2025, including remote work provisions and stock option benefits, compliant with Philippine labor laws."

Document background
This 5 Year Employment Contract is designed for use in the Philippines when establishing formal, long-term employment relationships that require stability and commitment from both parties. The contract is particularly suitable for senior positions, specialized roles, or strategic hires where a sustained employment relationship is beneficial. It incorporates all requirements under Philippine labor law, including provisions for statutory benefits, working conditions, and employee protections as mandated by the Labor Code of the Philippines. The document is structured to provide comprehensive coverage of employment terms while maintaining flexibility for specific role requirements and industry variations. It includes provisions for regular performance reviews, career development, and potential amendments to accommodate changing business needs while maintaining employee rights and protections throughout the five-year term.
Suggested Sections

1. Parties: Identification of the employer and employee with complete legal names and addresses

2. Background: Brief context of the employment relationship and purpose of the agreement

3. Definitions: Key terms used throughout the contract

4. Term of Employment: Specification of the 5-year duration, start date, and any probationary period

5. Position and Duties: Job title, role description, and key responsibilities

6. Work Location and Hours: Primary workplace location and standard working hours

7. Compensation: Base salary, payment schedule, and mandatory benefits as per Philippine law

8. Statutory Benefits: SSS, PhilHealth, Pag-IBIG, and other mandatory benefits

9. Leave Entitlements: Vacation, sick leave, and other statutory leave provisions

10. Confidentiality: Protection of company information and trade secrets

11. Intellectual Property: Ownership of work products and innovations

12. Performance Review: Evaluation process and frequency

13. Termination: Grounds for termination, notice periods, and procedures

14. Post-Employment Obligations: Return of company property and continuing obligations

15. Governing Law: Application of Philippine law and jurisdiction

16. Entire Agreement: Integration clause and amendment procedures

Optional Sections

1. Mobility Clause: Required when the role may involve relocation or travel

2. Remote Work Provisions: Include when allowing work-from-home arrangements under the Telecommuting Act

3. Commission Structure: For sales or performance-based roles with variable compensation

4. Non-Compete: For senior positions or roles with access to sensitive information

5. Training Commitments: When specific training or certifications are required

6. Overseas Assignment: For roles that may require international deployment

7. Housing Allowance: When accommodation benefits are provided

8. Vehicle Provision: When a company vehicle is provided

9. Stock Options: For employees eligible for equity participation

10. Flexible Benefits: When offering cafeteria-style benefits beyond statutory requirements

Suggested Schedules

1. Schedule 1 - Job Description: Detailed description of role, responsibilities, and reporting lines

2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components and benefits

3. Schedule 3 - Performance Metrics: KPIs and performance evaluation criteria

4. Schedule 4 - Company Policies: Key workplace policies and procedures

5. Schedule 5 - Statutory Benefits: Details of mandatory benefits under Philippine law

6. Appendix A - Code of Conduct: Company's code of conduct and ethical standards

7. Appendix B - Confidentiality Agreement: Detailed confidentiality obligations

8. Appendix C - IT Security Policy: Technology usage and security requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses









































Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Education

Retail

Construction

Professional Services

Telecommunications

Energy

Mining

Agriculture

Transportation

Hospitality

Real Estate

Media and Entertainment

Relevant Teams

Human Resources

Legal

Finance

Operations

Information Technology

Research and Development

Sales

Marketing

Engineering

Product Development

Quality Assurance

Administration

Customer Service

Supply Chain

Manufacturing

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Department Head

Regional Manager

Senior Engineer

Project Manager

Technical Specialist

Research Scientist

Senior Consultant

Operations Manager

Sales Director

IT Manager

Plant Manager

Senior Architect

Principal Designer

Head of Human Resources

Financial Controller

Legal Counsel

Department Director

Senior Analyst

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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