Document background
The Employee Exit Agreement serves as a crucial document in Philippine employment relations, used when an employee's service with a company is being terminated, whether through resignation, retirement, or mutual agreement. This document, governed by the Philippine Labor Code and related employment regulations, provides a comprehensive framework for managing the separation process. It typically includes detailed provisions for final pay computation, separation benefits, clearance procedures, and post-employment obligations. The agreement helps ensure compliance with local labor laws while providing legal protection for both parties. It's particularly important in the Philippine context where employment relationships are heavily regulated and documentation requirements are strict. The Employee Exit Agreement should be customized based on the specific circumstances of the separation while maintaining compliance with mandatory Philippine labor law provisions.
