EMPLOYMENT LETTER

 

PRIVATE AND CONFIDENTIAL

01 Jan 1997


Mr. XXX
ID #G703XXX(X)


Dear Mr. XXX

With reference to your employment with this Company, we have pleasure in offering you the position of Marketing Manager with effect from 01 Jan 1997 on the following terms and conditions.

Duties
You will be required to carry out duties of a suitable character as might be assigned to you by the Company or the authorized employee(s) of the Company. You may be required to perform your duties at any subsidiaries, holding companies or other affiliated corporation of the Company at any location in Hong Kong.

Hours
Your normal working hours will be

Mondays to Fridays

9:00 a.m. - 5:30 p.m. (Including a one-hour lunch break)

Saturadays

9:00 a.m. - 12: 00 noon

You will also be expected to work without additional remuneration such additional hours, either in the evenings or on Sundays or holidays, as the exigencies of the Company's business might from time to time required.

Working Outside the Boundaries of Hong Kong
You will be required to go overseas and/or to Mainland China to carry out such duties as assigned to you from time to time in line with the expansion and development of the Company's business outside the boundaries of Hong Kong.

Remuneration
Your commencing salary will be HK$18,000 per month. Any subsequent annual advancement will be at the discretion of Management based upon your performance, diligence and loyalty.

A Chinese New Year Bonus, equivalent to the basic salary paid in December, will be awarded to you before Chinese New Year for a full calendar year of service. It will be awarded to you before Chinese New Year for a full calendar year of service. It will be prorated if you join the Company in the course of a year and has passed the probation period and remain in service at the bonus issue day.

Other Benefits
Upon satisfactory completion of the probation period, you will automatically become a member of the Company's Provident Fund and Medical Scheme. Your annual leave, provident fund and medical benefits, etc. will be according to the Company's Human Resources Policy in force at the time.

Engagement in Other Activities
During your employment, you must not engage in any activities conflicting with the Company's interest or policies. Prior written approval from the Company is required should you plan to work on a part-time basis with another concern after office hours.

Probation/Termination
Your first three months of employment are of a probationary nature. During the first month of your employment, this employment contract is subjected to termination at any time by either party without notice required. Thereafter, one-week notice or payment (of basic salary) in lieu of notice is required. After completion of probation, one-month notice or payment (of basic salary) in lieu of notice is required.

Notwithstanding any other provision of this Agreement, the Company any terminate this Agreement at any time forthwith by notice in writing if the employee becomes bankrupt or makes an arrangement or composition with his creditors generally or becomes of unsound mind or is convicted of a criminal offence or commits and act of gross negligence or moral turpitude or commits a breach of any provision of this Agreement.

Transfer/Secondment
The Company has the right to transfer/second the employee to work part time or full time for any company within the Group (that is, any subsidiaries, holding Companies or other affiliated corporation). The Company shall have the discretion to request the employee to support any other such companies within the Group.

Confidentiality
You hereby agree that you will not at any time, directly, or indirectly, disclose customer information, product specifications or other trade secrets or confidential or proprietary information regarding the Company to any third party or otherwise use trade secrets or confidential or proprietary information for your own benefit or the benefit of others unless authorized in writing by the Company. This paragraph shall remain in effect henceforth, notwithstanding termination of your employment with the Company.

In addition, you hereby agree that you are not to divulge to nor enter into a discussion with any third party at any time during your employment with regard to your salary and compensation package

Please sign and initial the duplicate copy of this letter as your formal acceptance.

Yours sincerely,

for ABC Co. Ltd

Accepted by:

Mr. ZZZ General Manager,

Mr. XXX

Human Resources & Administration

Date:

 

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