TRAINING CONTRACT

(External Candidates)

This Training Contract (the “Contract”) is executed this _____ day of ____________ 2015,
by and between:

The DEVELOPMENT BANK OF THE PHILIPPINES, a government financial

institution created and operating pursuant to Executive Order No. 81, as amended by
Republic Act No. 8523, with principal office at DBP Bldg., Sen. Gil J. Puyat Avenue
corner Makati Avenue, Makati City, represented in this act by the Head of Human
Resources Management Group, SVP DONNA P. SHOTWELL, hereinafter referred
to as the “DBP”or “Bank”;

- and -

_____________________________________________________________, Filipino,
of legal age, with postal address at
______________________________________________, hereinafter referred to as
the “PARTICIPANT”.

WITNESSETH, THAT:

Signature of Participant
WHEREAS, DBP aims to provide opportunities for bright and young people of superior aptitude to
nurture their career in a government financial institution;
Witness 1

WHEREAS, to achieve such purpose, DBP shall conduct a Management Associates Program (the
“Training Program”) set within the period prescribed by DBP;

WHEREAS, the PARTICIPANT agrees to undergo the Training Program designed by DBP as
described in Annex “A” which shall form an integral part hereof and under the following terms and
conditions hereinafter set forth:

NOW THEREFORE, for and in consideration of the foregoing, the PARTIES hereby agree as
follows:

I. THE TRAINING PROGRAM

A. DBP shall conduct the Training Program for a minimum period of ten and a half (10 ½)
months reckoned from September 2015 up to August 2016.

B. The PARTICIPANT agrees to undergo the Training Program and undertakes to complete all
the modules thereof, subject to the provisions of Parts II, III and IV of this Contract;

C. While undergoing the Training Program, DBP shall provide the PARTICIPANT the
following:

1) A monthly training stipend in the amount of THIRTY THOUSAND PESOS

(P30,000.00), inclusive of applicable taxes, to cover the cost of his/her daily
transportation expense within Metro Manila, and meals for the duration of the
Training Program.
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2) For a PARTICIPANT from the province (outside Metro Manila):

(i) A reimbursable transportation expense incurred by the

PARTICIPANT at the start of the Training Program from
PARTICIPANT’s residence to the DBP Head Office (HO) and from
the DBP-HO to the place of deployment after the training;
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 (ii) Subsidized lodging facilities (including water and electricity)
based on actual rate but in an amount not exceeding THREE
THOUSAND PESOS (Php3,000.00) per month, and provided for the
duration of the Training Program and On the Job Training (OJT);

3) All expenses incurred for training materials and related learning experiences, except
as otherwise provided under Part I (D) (2);

4) During the Training Program, the PARTICIPANT shall be required to procure a one-
year accident insurance coverage and to pay for the premiums thereof;

D. The PARTICIPANT shall shoulder the following expenses:

1) Meals, inland transportation not covered by Travel Assignment Order,

personal/emergency expenses, incidental and medical expenses; and

2) Individual personal effects and training aids that will facilitate the accomplishment of
his/her research work and other related assignments (e.g. mobile phone, internet
access and copier/Xerox reproduction outside the training venue).

II. DROPPING FROM THE TRAINING PROGRAM

A. The PARTICIPANT shall be dropped from the Training Program for causes attributable to

Signature of Participant
him/her as follows:

1) Incurring two (2) “CONDITIONAL” marks in two (2) Modules or a FAILED overall
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rating in any of the Modules, as defined in the Training Program’s grading system;

2) Serious illness/hospitalization or any serious medical condition duly certified by the

DBP Physician, which requires the PARTICIPANT to be out from the Training
Program for a period exceeding the allowable number of absences under the Training
Program ;

3) Voluntary withdrawal of the PARTICIPANT from the Training Program;

4) Fault or negligence of the PARTICIPANT that caused the non-completion of the

Training Program;

5) Engaging in an undesirable behaviour as defined by existing laws, regulations or

DBP policies, or any serious misconduct, including but not limited to dishonesty;

6) Any misrepresentation or failure to disclose material information by reason of which

DBP was misled in accepting the PARTICIPANT to the Training Program;

7) Engaging in such other conduct, behaviour, activity, undertaking or endeavour

detrimental to or against the best interest/welfare of DBP;

8) Having been adjudged guilty by DBP’s Disciplining Authority of any administrative

offense, whether grave, less grave or light;

9) Having been adjudged guilty of any administrative or criminal offense, in any other
court or tribunal, whether local or foreign; or
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10) Violation of any of the terms and conditions of this Contract or of DBP’s policies and
regulations;

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 For causes enumerated in Items (3) to (10) above, the PARTICIPANT shall reimburse DBP in
full, all costs of the Training Program incurred by DBP, to be computed based on the Training
Program Cost Table (attached hereto as Annexed “A”), plus ten percent (10%) thereof
representing liquidated damages.

B. For any of the foregoing causes of dropping as enumerated in Part II.A, except (1) and (2) the
following procedures shall be observed:

1) The Head of DBP-HRMG shall send a written notice to the PARTICIPANT

specifically stating the cause or ground for the mandatory dropping from the Training
Program;

2) The PARTICIPANT shall be a given a non-extendible period of ten (10) days from
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receipt of notice within which to file his/her comment;

If no comment is submitted by the PARTICIPANT from the lapse of the non-

extendible ten (10) day period to file a comment, the PARTICIPANT is deemed to
have waived his/her right to file a comment.

3) Pending the decision of the issue, the PARTICIPANT shall continue to participate in
the Training Program;

4) The Head of DBP-HRMG shall notify the PARTICIPANT of its decision on the
matter within fifteen (15) days from receipt of the comment submitted by the
PARTICIPANT, or from the lapse of the ten (10) day period to file a comment, if no
comment is filed by the PARTICIPANT and said decision shall be final and

Signature of Participant
executory, and non-appealable.

III. SERVICE OBLIGATION

A. Upon the PARTICIPANT’s successful completion of the Training Program, DBP shall assign
the PARTICIPANT to any RMC/Branch/Sector/Group of the Bank. The PARTICIPANT
agrees and commits to serve or remain in the employ of DBP for a period of at least three (3)
years from date of his/her appointment ( the ‘Service Obligation’), subject to Section III (B)
hereof, unless the PARTICIPANT’s employment is sooner terminated by DBP;

B. In case of failure of the PARTICIPANT to fulfil the Service Obligation with DBP due to
causes attributable to him/her, such as voluntary resignation, termination from employment
due to violation of DBP policies and regulations, violation of Republic Act No. 3019 (The
Anti-Graft and Corrupt Practices Act), violation of Republic Act No 6713, as amended (Code
of Conduct and Ethical Standards of Public Officials and Employees), or any other causes
resulting in the termination or dismissal from the government service, the PARTICIPANT
shall reimburse DBP the full amount spent for the entire Training Program as computed by
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DBP in accordance with the last paragraph of Section II A above. DBP may allow a
proportionate refund provided, however, that the PARTICIPANT has served at least seventy-
five percent (75%) of the total Service Obligation.

C. DBP shall provide the PARTICIPANT a computation of the Service Obligation within five
(5) days upon receipt of his/her notice of resignation/termination of service. The
PARTICIPANT shall pay the Service Obligation in cash or by way of a Manager’s Check at
the nearest DBP Branch without need of demand.

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 IV. CONFIDENTIALITY

A. The provisions, terms and conditions contained in this Agreement and all propriety materials and
information provided by DBP in the course of the PARTICIPANT’s participation in the
Training Program shall constitute confidential information (collectively, the “Confidential
Information”), and the PARTICIPANT undertakes and agrees to keep confidential the
Confidential Information.

B. The PARTICIPANT shall not disclose, transmit or convey, wholly or partially, the Confidential
Information to any third party without DBP’s prior written approval.

V. OTHER CONDITIONS

A. The PARTICIPANT shall be required to have a Surety (the “SURETY”) who shall assume
the payment of all monetary obligations of the PARTICIPANT in the event the
PARTICIPANT fails to fulfil the Service Obligation set forth under Part III of this Contract.

B. The SURETY hereby unconditionally and irrevocable undertakes, on a continuing basis, the
full payment of the cost of the Training Program, including interest thereon.

C. The liability of the Surety is solidary with the PARTICIPANT and as such may be enforced
by DBP against the SURETY without first having recourse or taking any steps or
proceedings against the PARTICIPANT.

D. The PARTICIPANT agrees that any legal action, suit or proceeding arising out of this
Contract, shall be instituted at the option of DBP, in any competent court in Makati City or in
any appropriate court or any administrative body exercising jurisdiction over the case. The
PARTICIPANT hereby waives any objection to the venue of any action and further waives
any objection that any such suit, action or proceedings has been brought in an inconvenient
forum.

IN WITNESS WHEREOF, the parties have caused this Training Contract to be executed this ____
day of _______________, 2015 at Makati City.

DEVELOPMENT BANK OF THE PHILIPPINES

By:

SVP DONNA P. SHOTWELL Printed Name and Signature

Head, Human Resources Management Group (PARTICIPANT)

CONFORME:

________________________________
SURETY’s Printed Name and Signature
Relation to Participant: ___________________

Postal Address Contact No/s.

W I T N E S S E S:

Printed Name and Signature Printed Name and Signature

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 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

CITY OF ___________ ) S.S.

Before me this ______ day of _____________ personally appeared:

Name Competent Evidence of Identity

Development Bank of the

Signature of Participant
Witness 1

Philippines T.I.N. 049-000-449-609

By:
SVP DONNA P. SHOTWELL DBP Employee I.D. 0202735-DON

(Name of Participant)

Known to me to be the same persons who executed this Training Contract and acknowledged to me
that the same is their free and voluntary act and deed, as well as the free and voluntary act and deed
of the entity SVP Donna P. Shotwell represents.

This instrument, consisting of five (5) pages, including the page on which this Acknowledgment is
written, has been signed on the left margin of each and every page thereof by SVP DONNA P.
SHOTWELL and (Name of PARTICIPANT) and their witnesses, and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal at the place and
Witness 2

on the date first above written.

Doc. No. __________ NOTARY PUBLIC

Page No. __________
Book No. __________
Series of 2015

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