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EMPLOYMENT CONTRACT BETWEEN MERCHANT AND MANAGER
KNOW ALL MEN BY THESE PRESENTS:
That this agreement made this _______th day of
________________________________, 20___,
between________________________________, of legal age, single (or,
married to________________________________), and a resident of
________________________________ hereinafter called the MERCHANT,
and________________________________, of legal age, single (or,
married to________________________________), and a resident of
________________________________, hereinafter called the
MANAGER.
WITNESSETH:
That theMERCHANT
and theMANAGER
, in consideration of the mutualcovenants and agreements made
herein, by the one to the other, by these presents enterinto a
contract of services, whereby the MERCHANT hires and employs the
MANAGERunder the following terms and conditions:
1. The MERCHANT shall employ the MANAGER for a term of
____________________________(____) years from the date hereof as
MANAGER ofthe MERCHANT's business
of________________________________now carried on at
________________________________.
2. The compensation or salary to be paid by the MERCHANT to the
MANAGER for
the services to be rendered by the latter to the former shall be
a salary at the rate of________________________Pesos (Php______)
per month payable on or before the___15th and 30th __day of the
month and shall also pay to the MANAGER a
commissionof________________ per cent per annum on the net profits
of said business, suchcommission to be paid within ____________days
after the annual accounts have beencertified by accounts employed
by the MERCHANT, whose certificate as to the amount ofsuch net
profit shall be conclusive.
3. The MANAGER shall well and faithfully serve the MERCHANT in
such capacityas aforesaid, and shall at all times devote his whole
time, attention, and energies to themanagement, superintendence,
and improvement of said business to the best of hisability, and
shall do and perform all such services, acts, and things connected
therewith asthe MERCHANT shall from time to time direct, and are of
a nature properly belonging tothe duties ofMANAGER.
4. The MANAGER shall keep or cause to be kept all necessary
books of account orsuch other books as the MERCHANT shall provide
for that purpose, and shall enter orcause to be entered therein the
usual accounts or particulars of the price of all goods andthings
purchased and sold upon credit or otherwise in the course of said
business and
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shall, at all times, render to the MERCHANT accurate accounts
and full statements of andconcerning said business.
5. It is understood that the duties of the MANAGER shall only be
of supervisorynature, and that he shall not be held accountable in
any manner whatsoever for the
property or funds belonging to the business, it being incumbent
upon theMERCHANT
toemploy a bookkeeper and a cashier whom he trusts.
6. All moneys received by the cashier, except such sum as shall
be required to beretained as petty cash, shall be deposited to the
account of the MERCHANT in the
________________________________ Bank, on the day next following
the day ofreceipt, and every payment in excess
of________________________________ pesosshall be made by check
drawn on such account. The MANAGER shall not draw, accept ormake
any bill of exchange of promissory note on behalf of the MERCHANT,
or otherwisepledge his credit except insofar as he may have been
thereto expressly authorized by theMERCHANT.
7. The MANAGER shall not divulge any matters relating to said
business or to theMERCHANT or to any customer which may become
known to the MANAGER by reasonof his employment or otherwise, save
in so far as may be necessary in the interests of thesaid
business.
8. Either party may terminate this contract without cause by
giving to the other_____________(___) months' notice in writing,
but without prejudice to any right or claimwhich, as of that date,
may have accrued to either of the parties hereunder. In the event
ofa breach of this contract, the MERCHANT may terminate this
agreement without notice orpayment of salary or commission as
hereinabove provided.
IN WITNESS WHEREOF, the parties hereto have set their hands
this_____day of___________________,
20____in________________________________, Philippines.
________________________________
________________________________ MERCHANT MANAGER
SIGNED IN THE PRESENCE OF:
________________________________
________________________________
