Credit And Collections Policies. 27.1. The company recognizes that the extension of trade credit and the terms on which it is extended can be sensitive matters of business judgment. From time to time management will review the company’s trade credit arrangements to determine whether the arrangements work to the benefit of the company. 27.2. Any account receivable unpaid longer than 90 days from the end of the approved credit period shall be designated a “delinquent account.” The company will refer all delinquent accounts to its internal collections department for collection. While any customer’s account is delinquent, the company shall make new shipments to that company only on a prepaid, cash on delivery, or other suitable basis specifically approved by the CFO. 27.3. Should the customer bring a delinquent account back to good standing, the company shall review the customer’s trade credit terms and take appropriate action. 27.4. If any account remains unpaid 150 days from the end of the approved credit period, the company shall refer the account for collection and report such delinquency Employment Agreement – Xxxx Personne February 15, 2005 Page 27 to the Audit Committee. In such event, the company shall establish a bad debt reserve in accordance with procedures to be established by the CFO. Except in unusual circumstances, the company shall make no further shipments to any such customer until that customer’s account is no longer delinquent. Any unusual circumstances shall be documented in writing and provided to the Audit Committee. I acknowledge receipt of a copy of the Code of Ethics of Peak International and its subsidiaries and agree to abide by both the letter and spirit of its terms. I acknowledge receipt of the company’s instructions regarding the procedure for making anonymous complaints or reports set forth in Section 2, above.
Appears in 1 contract
Credit And Collections Policies. 27.1. The company recognizes that the extension of trade credit and the terms on which it is extended can be sensitive matters of business judgment. From time to time management will review the company’s trade credit arrangements to determine whether the arrangements work to the benefit of the company.
27.2. Any account receivable unpaid longer than 90 days from the end of the approved credit period shall be designated a “delinquent account.” The company will refer all delinquent accounts to its internal collections department for collection. While any customer’s account is delinquent, the company shall make new shipments to that company only on a prepaid, cash on delivery, or other suitable basis specifically approved by the CFO.
27.3. Should the customer bring a delinquent account back to good standing, the company shall review the customer’s trade credit terms and take appropriate action.
27.4. If any account remains unpaid 150 days from the end of the approved credit period, the company shall refer the account for collection and report such delinquency Employment Agreement – Xxxx Personne February 15, 2005 Page 27 to the Audit Committee. In such event, the company shall establish a bad debt reserve in accordance with procedures to be established by the CFO. Except in unusual circumstances, the company shall make no further shipments to any such customer until that customer’s account is no longer delinquent. Any unusual circumstances shall be documented in writing and provided to the Audit Committee.
. Employment Agreement – Xxxx Xxxx 24th April 2006 I acknowledge receipt of a copy of the Code of Ethics of Peak International and its subsidiaries and agree to abide by both the letter and spirit of its terms. I acknowledge receipt of the company’s instructions regarding the procedure for making anonymous complaints or reports set forth in Section 2, above.. DATE: Employee’s Name Xxxx Xxxx Employee’s Signature /s/ Xxxx Xxxx OUR REF: 071698HR/PIL Whereas, the parties entered into an employment contract dated April 24, 2006. As the employee has to work in China frequently, the company will be liable for the extra income tax payment between the Hong Kong Income Tax and the Individual Income Tax of China. The company will reimburse the employee for the additional tax incurred. All other terms and conditions of the Employment Contract remain unchanged. In witness whereof, the parties have executed this addendum on January 1, 2007. Yours sincerely Confirmed & accepted by: For and on behalf of Peak International Limited /s/ Xxxx Personne /s/ Chow Xxxx Xxx Xxxx Xxxx Personne Chow Yuen Xxx Xxxx CEO & President HK ID No. X000000(0) Our Ref: 071746HR September 20, 2007 Xx. Xxxx Xxxx Xxx Xxxx Present Dear Xx. Xxxx
Appears in 1 contract
Credit And Collections Policies. 27.1. The company recognizes that the extension of trade credit and the terms on which it is extended can be sensitive matters of business judgment. From time to time management will review the company’s trade credit arrangements to determine whether the arrangements work to the benefit of the company.
27.2. Any account receivable unpaid longer than 90 days from the end of the Employment Contract Splendid Zuo August 9, 2005 approved credit period shall be designated a “delinquent account.” The company will refer all delinquent accounts to its internal collections department for collection. While any customer’s account is delinquent, the company shall make new shipments to that company only on a prepaid, cash on delivery, or other suitable basis specifically approved by the CFO.
27.3. Should the customer bring a delinquent account back to good standing, the company shall review the customer’s trade credit terms and take appropriate action.
27.4. If any account remains unpaid 150 days from the end of the approved credit period, the company shall refer the account for collection and report such delinquency Employment Agreement – Xxxx Personne February 15, 2005 Page 27 to the Audit Committee. In such event, the company shall establish a bad debt reserve in accordance with procedures to be established by the CFO. Except in unusual circumstances, the company shall make no further shipments to any such customer until that customer’s account is no longer delinquent. Any unusual circumstances shall be documented in writing and provided to the Audit Committee.
. Employment Contract Splendid Zuo August 9, 2005 I acknowledge receipt of a copy of the Code of Ethics of Peak International and its subsidiaries and agree to abide by both the letter and spirit of its terms. I acknowledge receipt of the company’s instructions regarding the procedure for making anonymous complaints or reports set forth in Section 2, above. DATE: Employee’s Name Splendid Zou Employee’s Signature /s/ Splendid Zou Employment Contract Splendid Zuo August 9, 2005 As used herein, the term “Inventions” shall mean all inventions, discoveries, improvements, trade secrets, formulas, techniques, data, programs, systems, specifications, documentation, algorithms, flow charts, logic diagrams, source codes, processes, and other information, including works-in-progress, whether or not subject to patent, trademark, copyright, trade secret, or mask work protection, and whether or not reduced to practice, which are made, created, authored, conceived, or reduced to practice by The employee, either alone or jointly with others, during the period of employment with the Company (including, without limitation, all periods of employment with the Company prior to the Effective Date) which (A) relate to the actual or anticipated business, activities, research, or investigations of the Company or (B) result from or is suggested by work performed by The employee for the Company (whether or not made or conceived during normal working hours or on the premises of the Company), or (C) which result, to any extent, from use of the Company’s premises or property, unless, in the case of clause (C) only, (i) The employee has reimbursed the Company in an amount equal to the value of the. use of such premises or property (as determined by the Company based upon the Company’s all in cost, which shall include without limitation compensation and overhead expense) and (ii) the Company approved the use of its premises or property prior to the use thereof by The employee.
Appears in 1 contract
Credit And Collections Policies. 27.1. The company recognizes that the extension of trade credit and the terms on which it is extended can be sensitive matters of business judgment. From time to time management will review the company’s trade credit arrangements to determine whether the arrangements work to the benefit of the company.
27.2. Any account receivable unpaid longer than 90 days from the end of the approved credit period shall be designated a “delinquent account.” The company will refer all delinquent accounts to its internal collections department for collection. While any customer’s account is delinquent, the company shall make new shipments to that company only on a prepaid, cash on delivery, or other suitable basis specifically approved by the CFO.
27.3. Should the customer bring a delinquent account back to good standing, the company shall review the customer’s trade credit terms and take appropriate action.
27.4. If any account remains unpaid 150 days from the end of the approved credit period, the company shall refer the account for collection and report such delinquency Employment Agreement – Xxxx Personne February 15, 2005 Page 27 to the Audit Committee. In such event, the company shall establish a bad debt reserve in accordance with procedures to be established by the CFO. Except in unusual circumstances, the company shall make no further shipments to any such customer until that customer’s account is no longer delinquent. Any unusual circumstances shall be documented in writing and provided to the Audit Committee.
. Employment Agreement – Xxxx Xxxx 24th April 2006 I acknowledge receipt of a copy of the Code of Ethics of Peak International and its subsidiaries and agree to abide by both the letter and spirit of its terms. I acknowledge receipt of the company’s instructions regarding the procedure for making anonymous complaints or reports set forth in Section 2, above.. DATE: Employee’s Name Xxxx Xxxx Employee’s Signature /s/ Xxxx Xxxx OUR REF: 071698HR/PIL ADDENDUM TO EMPLOYMENT CONTRACT BETWEEN CHOW YUEN XXX XXXX AND PEAK INTERNATIONAL LIMITED Whereas, the parties entered into an employment contract dated April 24, 2006. As the employee has to work in China frequently, the company will be liable for the extra income tax payment between the Hong Kong Income Tax and the Individual Income Tax of China. The company will reimburse the employee for the additional tax incurred. All other terms and conditions of the Employment Contract remain unchanged. In witness whereof, the parties have executed this addendum on January 1, 2007. Yours sincerely Confirmed & accepted by: For and on behalf of Peak International Limited /s/ Xxxx Personne /s/ Chow Xxxx Xxx Xxxx Xxxx Personne Chow Yuen Xxx Xxxx CEO & President HK ID No. X000000(0) PRIVATE & CONFIDENTIAL Our Ref: 071746HR September 20, 2007 Xx. Xxxx Xxxx Xxx Xxxx Present Dear Xx. Xxxx Re: Salary Review
Appears in 1 contract
Samples: Employment Agreement
Credit And Collections Policies. 27.1. The company recognizes that the extension of trade credit and the terms on which it is extended can be sensitive matters of business judgment. From time to time management will review the company’s trade credit arrangements to determine whether the arrangements work to the benefit of the company.
27.2. Any account receivable unpaid longer than 90 days from the end of the Employment Contract Splendid Zuo August 9, 2005 approved credit period shall be designated a “delinquent account.” The company will refer all delinquent accounts to its internal collections department for collection. While any customer’s account is delinquent, the company shall make new shipments to that company only on a prepaid, cash on delivery, or other suitable basis specifically approved by the CFO.
27.3. Should the customer bring a delinquent account back to good standing, the company shall review the customer’s trade credit terms and take appropriate action.
27.4. If any account remains unpaid 150 days from the end of the approved credit period, the company shall refer the account for collection and report such delinquency Employment Agreement – Xxxx Personne February 15, 2005 Page 27 to the Audit Committee. In such event, the company shall establish a bad debt reserve in accordance with procedures to be established by the CFO. Except in unusual circumstances, the company shall make no further shipments to any such customer until that customer’s account is no longer delinquent. Any unusual circumstances shall be documented in writing and provided to the Audit Committee.
. Employment Contract Splendid Zuo August 9, 2005 I acknowledge receipt of a copy of the Code of Ethics of Peak International and its subsidiaries and agree to abide by both the letter and spirit of its terms. I acknowledge receipt of the company’s instructions regarding the procedure for making anonymous complaints or reports set forth in Section 2, above.. DATE: 8/23/05 Employee’s Name Splendid Zuo Employee’s Signature /s/ Splendid Zuo Employment Contract Splendid Zuo August 9, 2005
Appears in 1 contract
