I need to resign immediately, so I can't render a 60-day notice period, as written in my contract. My company does not give a separation pay so they can't hold that against me. I also do not care if they will give me Certificate of Employment or my last pay.
HOwever, it is in my contract that should I violate this notice requirement on resignation, I will pay the company Php 200,000 as liquidated damages.
Is it lawful here in the Philippines to make an employee pay as much as 200K for immediate resignation?