5. Mandatory Provident Fund
The Company will contribute five (5) % of the Employee’s basic salary as Mandatory
Provident Fund from 1st August 2011 on after the Employee’s probationary period for
2 months, but total fare will not exceed ??? per year.
6. Medical Insurance
The Employee’s medical insurance will be provided by the Company.
7. Holiday
The Company pays holiday allowance to an annual leave of twelve (12) days on
completion of each year’s service with the Company. The holiday is accrued during
the qualifying year, which is the calendar year, and can be held in the following
holiday year, which is from 1st June until 31st May the following year.
8. Termination
Termination terms for the both parties will be one (1) month’s written notice or
payment in lieu hereof.
9. Conflict of Interest
The Employee shall not engage, participate or be involved in any trades of businesses
which may be in conflict with the Company’s interests. The Employee is not allowed
to disclose information which will endanger the Company’s business to other parties
without consent and permission from authorized personnel of the Company.
The Employee will also undertake an obligation that should the Employee leave the
employ of the Company, the Employee will not, within a period of six (6) moths from
the date of the Employee’s leaving, engage himself or be engaged in activities which
directly or indirectly may compete with the activities of the Company. Should the
Employee, however, contrary to this obligation, thereby cause or lead to cause
increased competition for the Company, the Employee will agree to be liable for a
reasonable payment of compensation to the Company. This Contract is executed in 2 original copies, of which one shall remain with the
Company whereas the other shall remain with the Employee.
Place: Shanghai, China Place: Hong Kong
Date: Date:
For Company- Employee
(Stamp)