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Employment Agreement (Senior Employee)

Employee (with Share Options)

Employment Agreement between Company and Senior Employee with option for Senior Employee to purchase share options. This is drafted in favour of the employee.

The Employee shall be paid the monthly salary of [REMUNERATION] (“Salary”). The Salary shall be paid in arrears on a monthly basis.

The Employee shall be enrolled in the relevant mandatory provident fund scheme.

The Employee shall be entitled to a percentage of the ordinary shares of the Company (being the “Shares”) on the dates specified below (each a “Date”) subject to any conditions imposed by the Company described below and at a price determined at a price of [PRICE] per share:

On the Commencement Date, upon the execution of this Employment Agreement, the Employee shall be entitled to [SHARES] per cent. of the Shares.

How to use this Document?

 

This document is the Employment Agreement between Company and Senior Employee with option for Senior Employee to purchase share options. This is drafted in favour of the employee.

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.

Different aspects of details related to the job, including the job description, period of employment, remuneration, etc should all be clearly stated in the employment agreement.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

 

How to Tailor the Document for Your Need?

 

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

 
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