EMPLOYMENT AGREEMENT
This Employment Agreement is made on 22 November 2024
Between
Company: PARTY_2_NAME
Address: PARTY_2_ADDRESS_MULTI_LINE
Employee: PARTY_1_NAME
Address: PARTY_1_ADDRESS_MULTI_LINE
Identification: EMPLOYEE_ID
For valuable consideration, the Company and the Employee agree as follows:
1. DUTIES AND JOB DESCRIPTION
1.1. The Employee is employed in the position of TITLE and will devote such time attention and skill as may be reasonably required to discharge the duties of his office in relation to the role.
1.2. The Employee shall report directly to the REPORT of the Company.
1.3. The Employee also agrees to perform further duties incidental to the general job description.
1.4. The position is FULLPARTTIME time and necessarily based in JURISDICTION_STATE.
1.5. The Company shall provide on a timely basis, all facilities, equipment and consumables required for the performance of the Employee’s duties under this Employment Agreement.
2. PERIOD OF EMPLOYMENT
2.1. The Employee will commence work on COMMENCEMENT_DATE (“Commencement Date”).
2.2. The employment of the Employee shall be, subject to the terms of this Employment Agreement, for an indefinite period.
2.3. The normal working hours of employment shall be from START_TIME to FINISH_TIME WEEK_DAYS. However, the Employee can be expected to work over and above these hours when the workload so demands.
2.4. The Employee shall not be required to work on Statutory Holidays.
2.5. The Employee shall be entitled to ANNUAL_LEAVE days of paid annual leave per year. Requests for leave must be approved by the Company and the timing of any leave will depend on the Company’s requirements. The annual leave year runs from 1 January to 31 December in each year. In the year of commencement or termination of employment, the Employee’s leave entitlement will be calculated pro rata based on full months worked in the year.
2.6. On the 31 December every year, the Employee may carry forward such number of days of his leave entitlement as specified in the annual leave policy of the Company, but in any event the Employee shall be permitted to carry forward his statutory annual leave entitlements (ranging from seven (7) to fourteen (14) days).
2.7. The Employee’s period of continuous employment for statutory employment rights purposes will commence on the Commencement Date. The Company will treat no previous employment as continuous with the Employee’s employment with the Company.
3. PROBATION
3.1. The Employee’s probationary period will be for a period of PROBATION_PERIOD calendar months from the Commencement Date, or such longer period as shall be extended by the Company in its sole discretion (“Probationary Period”). The Employee shall be duly notified of any such extension.
3.2. Subject to Clause 6 (Termination), during the Employee’s Probationary Period, either party may terminate the Employee’s employment in the following manner:
(a) between and including the Commencement Date and excluding the date falling one calendar month after the Commencement Date, at any time without notice or payment in lieu (“First Probationary Month”); and
(b) after the First Probationary Month and before the end of the Probationary Period, by not less than seven days’ notice or by the terminating party making a payment in lieu of the pro rata wages in respect of all or part of such notice period.
4. REMUNERATION
4.1. The Employee shall be paid the monthly salary of CURRENCYREMUNERATION (“Salary”). The Salary shall be paid in arrears on a monthly basis.
4.2. The Employee shall be enrolled in the relevant mandatory provident fund scheme.
4.3. 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 per share:
(a) On the Commencement Date, upon the e xecution of this Employment Agreement, the Employee shall be entitled to SHARES_COMMENCEMENT per cent. of the Shares.
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