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.
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.
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