Memorandum of Agreement

MEMORANDUM OF AGREEMENT This Memorandum of obligation (herein referred to as Agreement) is made and entered into the metropolis of Cabanatuan, Philippines by and between degrade believe of the Philippines set down fix of the Philippines with office address at 3/F Land Bank Building, Gabaldon St. , Cabanatuan City, Represented by its Department bus II, Nueva Ecija Lending Center, Mr. Eduardo N. Reyes, Jr. , herein after referred to as Land Bank of the Philippines. -and- Methodist UNIVERSITY PHILIPPINES Wesleyan UNIVERSITY PHILIPPINES, Mabini Extension, Cabanatuan City, represented by Dean, College of Business and account statement, DR.MARIA capital of Seychelles M. ALVAREZ herein after referred to as Methodist UNIVERSITY PHILIPPINES. WHEREAS, Land Bank of the Philippines in its denote to enhance the cookery and development of more and better professionals, has teamed up with Methodist UNIVERSITY PHILIPPINES for an On-The-Job Training Program (Program) to provide training and buy at to the students of WESLEYAN UNIVERSITY PHILIPPINES, College of Business and Accountancy on the current trends and latest developments in the industry, and, to expose them to true(a) industry situations, in that locationby enhancing their formal schooling.NOW, therefore, for and in servant of the foregoing premises, Land Bank of the Philippines and WESLEYAN UNIVERSITY PHILIPPINES hereby agree on and stipulate the following MR. EDUARDO N. REYES, JR. DM II Department double-decker/Head, NELC A. Land Bank of the Philippines shall 1. Undertake the selection process of the recommended students in bail bond to Land Bank of the Philippines policies and guidelines in the section for its purpose 2.Provide the venue3 and assign military unit to take charge as well as supervise on the job training of students 3. Provide WESLEYAN UNIVERSITY PHILIPPINES students information, training, and support 4. Provide students exposure to actual office environment 5. Accomplish the e valuation forms required by WESLEYAN UNIVERSITY PHILIPPINES in connection with to the on-the-job training of their students 6. Issue certificate of goal to students who successfully finished their training chthonic this program and 7. delimitate an employee who ordain prepare with WESLEYAN UNIVERSITY PHILIPPINES the various activities under this program. DR. MARIA VICTORIA M. ALVAREZ Dean, College of Business and Accountancy B. WESLEYAN UNIVERSITY PHILIPPINES shall 1. Recommend students who will undergo on-the-job training under this program for final selection,/ makeance by Land Bank of the Philippines 2. Designate a Representative who will coordinate with Land Bank of the Philippines on the various activities under this program and 3.Together with the students, faculty and parents concerned renounce and let go any claim against Land Bank of the Philippines for any injury or loss that the trainees may suffer, personal or pecuniary, in the performance of their duties and fun ctions maculation under the training not attributable to the negligence or self-willed act of any of the personnel of Land Bank of the Philippines. The waivers of the concerned parties shall be submitted to Land Bank of the Philippines prior to the commencement of the training, which forms part of this agreement.C. Under this program, the following terms and conditions are likewise included 1. It is expressly understood that there will be no employer-employee relationship between Land Bank of the Philippines and the trainees of WESLEYAN UNIVERSITY PHILIPPINES 2. The trainees will be personally for any and all liabilities for impose on _or_ oppress to property or injury to third persons, which may be occasioned by their international or negligent acts while in the course of their training 3. WESLEYAN UNIVERSITY PHILIPPINES shall see to it that the trainees complete the agreed scope of work in spite of appearance the agreed duration of the program 4. It is expressly understood by WESLEYAN UNIVERSITY PHILIPPINES, and the trainees that all the information on technology, manufacturing process, process standards, superior assurance methodologies, quality standards, production capabilities, raw material processing, finance, and all other related documents, manuals, and operable or technical matters that Land Bank of the Philippines shall make available to them shall be used solely for this program.All of these matters are classified as confidential in nature and proprietary to Land Bank of the Philippines. WESLEYAN UNIVERSITY PHILIPPINES and trainees hereby strive to prevent disclosure or transfer of such information, consciously or unconsciously, to any party outside of institution without the knowledge and written react of institution. 5. It is expressly understood that Land Bank of the Philippines will only accept OJTs on a case-to-case basis according to vacancy.D. LITIGATION AND OTHER EXPENSES In case of breach of any confidential information obtained during the training halt relative to the task assigned by Land Bank of the Philippines, WESLEYAN UNIVERSITY PHILIPPINES agrees to pay an additional sum equivalent of twenty five share (25%) for Attorneys Fees, plus costs and other fees and incidental expenses of judicial proceeding excluding possible monetary damages that may be incurred by crusade thereof. E. DURATIONThis agreement shall hold for the duration of the 20122013 School Year of WESLEYAN UNIVERSITY PHILIPPINES, and is automatically renewable every year, provided that Land Bank of the Philippines and WESLEYAN UNIVERSITY PHILIPPINES reserve their single rights to withdraw their participation in the agreement upon written notice. IN take care WHEREOF, the parties hereto have signed these presents on this ____ day of 2013, in Cabanatuan City, Philippines. FOR Land Bank of the PhilippinesMR. EDUARDO N. REYES, JR.DM II Department Manager/Head, NELC WESLEYAN UNIVERSITY PHILIPPINESDR. MARIA VICTORIA M. ALVAREZDean, C ollege of Business and Accountancy SIGNED IN THE PRESENCE OF _________________________________ _________________________________ Republic of the Philippines) City of Cabanatuan) S. S. A C K N O W L E D G E M E N T On this ___________ day of 2013, personally appeared before me, a notary Public in and for the City of Cabanatuan, the following persons NAMEVALID I. D. DATE/PALCE Mr. Eduardo N. Reyes, Jr. Dr. female horse Victoria M. AlvarezSSS ID ll known to me to be the same persons who executed the foregoing document, consisting of terce (3) pages including this page and acknowledgement that the same is an act of their free and voluntary will and deed. IN WITNESS THEREOF, I hereunto sign this document and affix my seal of approval of office on this date and place aforementioned. MR. EDUARDO N. REYES, JR. DM II Department Manager/Head, NELC DR. MARIA VICTORIA M. ALVAREZ Dean, College of Business and Accountancy Doc. no(prenominal) __________ Page No. __________ Book No. _________ _ Series of 2010