Common use of Labor Disciplines Clause in Contracts

Labor Disciplines. 8.1 Party B shall comply with all national laws and regulations, and shall abide by the Employee Manual and all other rules and regulations. 8.2 Party B shall not use any facilities of Party A to have access to or disseminate any information that is in violation of national laws and regulations, corrupts public morals or has any adverse effect on Party A. Party B shall not have access to, transmit, release or disseminate any information nor engage in other activities unrelated to his work during office hours through internet, telephone and other facilities. 8.3 Without the prior written consent of Party A, Party B shall not do any other part-time jobs during his employment with Party A. 8.4 Party A shall have the right to inspect, supervise, guide and examine the performance of labor disciplines by Party B. Party A shall have the right to impose punishment on Party B for any of his material violation of labor disciplines until the termination of his employment relationship with Party A. 8.5 In Party A’s previous cases, any employee who accepts a bribe worth RMB1,000 from customers or suppliers (the “Customers”) will result in Party A suffering an actual loss of at least RMB10,000. Therefore, none of Party B and his close relatives shall, in all events, accept any offer made by the Customers to pay for their entertainment activities, birthday parties, wedding banquets and feasts, nor shall they accept any gifts from the Customers (including without limitation, cash, cards, stocks, precious items or other items with value), nor accept any actual assistance or other preferential treatments from the Customers in connection with his personal affairs, unless permitted by Party A in advance or reported to Party A according to the requirements. In the event of any violation of the above requirements by Party B and his relatives, Party B (once confirmed after investigation) shall be deemed as a material violation of the rules and regulations of the Company, and Party A shall have the right to terminate its employment relationship with Party B without paying any compensation and indemnity. 8.6 Party B specifically undertakes that, during his employment with Party A, he will not directly or indirectly engage in any competing business activities which are similar to the business being or to be conducted by Party A, including but not limited to being employed by a company that is in competition with Party A, engaging in competing consulting or other business activities, or providing Party A’s technical information, parameters and trade secrets to any company that is in competition with Party A. During the employment with Party A, and after resignation or quitting the employment or after termination of this Contract, without the prior written consent of Party A, Party B shall not disclose in any way or use without authorization any non-public information of Party A, including without limited to any company information, business plans, contracts, letters, purchase prices, costs, sales prices, supplier’s information, Customer’s information, situation of personnel, financial information, proprietary technologies, processes, and workflows relating to Party A that are known by Party B from Party A or due to his employment with Party A. Non-public confidential information shall include any information which Party A expressly states that it is confidential, or which is regarded as confidential information of Party A based on the reasonable judgment of Party B (Party B shall not disclose or use such information regardless whether he obtains similar information from a third party). 8.7 With regard to the confidential information provided in Article 8.6, without Party A’s prior consent, Party B shall neither reveal such confidential information in oral, written, digital or any other form to any third party, nor unilaterally allow any person having access to or visiting any area or site that Party A may store confidential information. Party B shall not transfer confidential information such as Customer information, technology materials and images via internet. Any carrier that contains or may contain confidential information, including but not limited to materials and equipments, shall not be taken outside the site, nor shall it be otherwise taken outside Party A’s area by way of duplication or others. 8.8 During his employment, Party B shall not engage in any business activities in violation of any laws, regulations or Party A’s rules and policies, including but not limited to the violation of customs administration regulations by concealing or misstating the relevant transaction information. If Party B’s illegal activity incurs liabilities or losses to Party A, Party B shall fully indemnify Party A for such liabilities or losses and shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.9 Party A’s products are sold at the level of guidance price. As one of the operation staff, Party B shall have the obligation to seek maximum interests for Party A during the course of business operation. Any passive act or neglect of duty shall be dealt with subject to Party A’s rules and policies. If Party B’s business activities incur any severe damages on the interests of the Company, Party B shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.10 Party B, as one of the operation staff, shall adhere to the principle of seeking maximum interests for the Company in the process of purchasing materials, equipment, spare parts or seeking services and exercise its best endeavor to lower the purchase prices of such materials/service in order to get the most competitive price among the comparable products under the same conditions. While Party A fully trusts the work of Party B, it still has the right to review and examine Party B’s work. Any review or examination by another department of Party A of the business and the relevant contracts, quotations and technology materials handled by Party B shall not exempt Party B from any due liabilities and duties in terms of seeking the most favorable prices and shopping for the best products, nor shall such review or examination preclude the applicability of this Article. If the purchase price of the purchased product/service is 10% in excess of the price of a comparable product/service under the same conditions due to Party B’s willful intention, Party B shall be deemed to have committed a serious dereliction of duties and caused serious damages.

Appears in 9 contracts

Samples: Employment Contract (ReneSola LTD), Labor Contract (ReneSola LTD), Employment Agreement (ReneSola LTD)

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Labor Disciplines. 8.1 Party B shall comply with all national laws and regulations, and shall abide by the Employee Manual and all other rules and regulations. 8.2 Party B shall not use any facilities of Party A to have access to or disseminate any information that is in violation of national laws and regulations, corrupts public morals or has any adverse effect on Party A. Party B shall not have access to, transmit, release or disseminate any information nor engage in other activities unrelated to his work during office hours through internet, telephone and other facilities. 8.3 Without the prior written consent of Party A, Party B shall not do any other part-time jobs during his employment with Party A. 8.4 Party A shall have the right to inspect, supervise, guide and examine the performance of labor disciplines by Party B. Party A shall have the right to impose punishment on Party B for any of his material violation of labor disciplines until the termination of his employment relationship with Party A. 8.5 In Party A’s previous cases, any employee who accepts a bribe worth RMB1,000 from customers or suppliers (the “Customers”) will result in Party A suffering an actual loss of at least RMB10,000. Therefore, none of Party B and his close relatives shall, in all events, accept any offer made by the Customers to pay for their entertainment activities, birthday parties, wedding banquets and feasts, nor shall they accept any gifts from the Customers (including without limitation, cash, cards, stocks, precious items or other items with value), nor accept any actual assistance or other preferential treatments from the Customers in connection with his personal affairs, unless permitted by Party A in advance or reported to Party A according to the requirements. In the event of any violation of the above requirements by Party B and his relatives, Party B (once confirmed after investigation) shall be deemed as a material violation of the rules and regulations of the Company, and Party A shall have the right to terminate its employment relationship with Party B without paying any compensation and indemnity. 8.6 Party B specifically undertakes that, during his employment with Party A, he will not directly or indirectly engage in any competing business activities which are similar to the business being or to be conducted by Party A, including but not limited to being employed by a company that is in competition with Party A, engaging in competing consulting or other business activities, or providing Party A’s technical information, parameters and trade secrets to any company that is in competition with Party A. During the employment with Party A, and after resignation or quitting the employment or after termination of this Contract, without the prior written consent of Party A, Party B shall not disclose in any way or use without authorization any non-public information of Party A, including without but not limited to any company information, business plans, contracts, letters, purchase prices, costs, sales prices, supplier’s information, Customer’s information, situation of personnel, financial information, proprietary technologies, processes, and workflows relating to Party A and its business, operation, personnel and technology that are known by Party B from Party A or due to his employment with Party A. Non-public confidential information shall include any information which Party A expressly states that it is confidential, or which is regarded as confidential information of Party A based on the reasonable judgment of Party B (Party B shall not disclose or use such information regardless whether he obtains similar information from a third party). 8.7 With regard to the confidential information provided in Article 8.6, without Party A’s prior consent, Party B shall neither reveal such confidential information in oral, written, digital or any other form to any third party, nor unilaterally allow any person having access to or visiting any area or site that Party A may store confidential information. Party B shall not transfer confidential information such as Customer information, technology materials and images via internet. Any carrier that contains or may contain confidential information, including but not limited to materials and equipmentsequipment, shall not be taken outside the site, nor shall it be otherwise taken outside Party A’s area by way of duplication or others. 8.8 During his employment, Party B shall not engage in any business activities in violation of any laws, regulations or Party A’s rules and policies, including but not limited to the violation of customs administration regulations by concealing or misstating the relevant transaction information. If Party B’s illegal activity incurs liabilities or losses to Party A, Party B shall fully indemnify Party A for such liabilities or losses and shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.9 Party A’s products are sold at the level of guidance price. As one of the operation staff, Party B shall have the obligation to seek maximum interests for Party A during the course of business operation. Any passive act or neglect of duty shall be dealt with subject to Party A’s rules and policies. If Party B’s business activities incur any severe damages on the interests of the Company, Party B shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.10 Party B, as one of the operation staff, shall adhere to the principle of seeking maximum interests for the Company in the process of purchasing materials, equipment, spare parts or seeking services and exercise its best endeavor to lower the purchase prices of such materials/service in order to get the most competitive price among the comparable products under the same conditions. While Party A fully trusts the work of Party B, it still has the right to review and examine Party B’s work. Any review or examination by another department of Party A of the business and the relevant contracts, quotations and technology materials handled by Party B shall not exempt Party B from any due liabilities and duties in terms of seeking the most favorable prices and shopping for the best products, nor shall such review or examination preclude the applicability of this Article. If the purchase price of the purchased product/service is 10% in excess of the price of a comparable product/service under the same conditions due to Party B’s willful intention, Party B shall be deemed to have committed a serious dereliction of duties and caused serious damages.

Appears in 3 contracts

Samples: Employment Contract (ReneSola LTD), Employment Contract (ReneSola LTD), Employment Contract (ReneSola LTD)

Labor Disciplines. 8.1 Party B shall comply with all national laws and regulations, and shall abide by the Employee Manual and all other rules and regulations. 8.2 Party B shall not use any facilities of Party A to have access to check or disseminate any information that is in violation of national laws and regulations, corrupts public morals or has any adverse effect on Party A. Party B shall not have access tocheck, transmit, release or disseminate any information nor engage in other activities unrelated to his work during office hours through internet, telephone and other facilities. 8.3 Without the prior written consent of Party A, Party B shall not do any other part-time jobs during his employment with Party A. 8.4 Party A shall have the right to inspect, supervise, guide and examine the performance of labor disciplines by Party B. Party A shall have the right to impose punishment on Party B for any of his material violation of labor disciplines until the termination of his employment relationship with Party A. 8.5 In Party A’s previous cases, any employee who accepts a bribe worth RMB1,000 from customers or suppliers (the “Customers”) will result in Party A suffering an actual loss of at least RMB10,000. Therefore, none of Party B and his close relatives shall, in all events, accept any offer made by the Customers to pay for their entertainment activities, birthday parties, wedding banquets and feasts, nor shall they accept any gifts from the Customers (including without limitation, cash, cards, stocks, precious items or other items with valuevaluable things), nor accept any actual assistance or other preferential treatments from the Customers in connection with his personal affairs, unless permitted by Party A in advance or reported to Party A according to the requirements. In the event of any violation of the above requirements by Party B and his relatives, Party B (once confirmed after investigation) shall be deemed as a material violation of the rules and regulations of the Company, and Party A shall have the right to terminate its employment relationship with Party B without paying any compensation and indemnity. 8.6 Party B specifically undertakes that, during his employment with Party A, he will not directly or indirectly engage in any competing business activities which are similar to the business being or to be conducted by Party A, including but not limited to being employed by in a company that is in competition with Party A, engaging in competing consulting or other business activities, or providing Party A’s technical information, parameters and trade secrets to any company that is in competition with Party A. During the employment with Party A, and after upon resignation or quitting the employment or after termination of this Contract, without the prior written consent of Party A, Party B shall not disclose in any way or use without authorization any non-public information of Party A, including without limited to any company information, business plans, operation planning, contracts, letters, purchase prices, costs, sales sale prices, supplier’s suppliers’ information, Customer’s customers’ information, situation of personnel, financial information, proprietary technologies, processes, and workflows relating to Party A and its business, operation, personnel and technology that are known by Party B from Party A or due to his employment with Party A. Non-public confidential information shall include any information which Party A expressly states that it is confidential, or which is regarded as confidential information of Party A based on the reasonable judgment of Party B (Party B shall not disclose or use such information regardless of whether he obtains similar information from a third party). 8.7 With regard to Without the confidential information provided in Article 8.6, without prior consent of Party A’s prior consent, Party B shall neither reveal such not disclose to others any confidential information prescribed in oralArticle 8.6 orally, written, in writing or digital form or any other form to any third partymanner, nor unilaterally allow bring any person having access persons to enter into or visiting visit any area or site that areas and premises of Party A which may store contain confidential information, nor transmit confidential information, such as customers’ information and technical information and pictures, through internet. Party B shall also not transfer confidential information such as Customer informationtake away from the premises, technology materials and images via internet. Any carrier nor reproduce in any way or otherwise take away from Party A’s territory in disguised form, any media that contains contain or may contain confidential information, including but not limited to materials without limitation, information and equipments, shall not be taken outside the site, nor shall it be otherwise taken outside Party A’s area by way of duplication or othersequipment. 8.8 During his employmentemployment with Party A, Party B shall not engage in any business activities that are in violation of any lawslaws and regulations, and the rules and regulations or of Party A’s rules and policies, including but not without limited to the violation of customs administration regulations by concealing or misstating withholding the relevant transaction information without reporting, or making false reports of such information, by business personnel that is in violation of the management system of the Customs Department. If Should Party A bear any liability or suffer any loss due to any illegal act of Party B’s illegal activity incurs liabilities or losses to Party A, Party B shall fully indemnify Party A for such liabilities or losses and shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.9 Party A’s products are sold at the level of guidance price. As one of the operation staff, Party B shall have the obligation to seek maximum interests for Party A during the course of business operation. Any passive act or neglect of duty shall be dealt with subject to Party A’s rules and policies. If Party B’s business activities incur any severe damages on the interests of the Company, Party B shall be deemed liable to have materially breached the make full compensation in respect thereof and be regarded as a material violation of labor disciplines, in relation . Party A shall have the right to which immediately terminate the employment relationship with Party B and pursue economic and legal liabilities from him. 8.9 All products of Party A shall be entitled to promptly terminate this labor relationship and hold sold at the guiding price determined by Party A. As a business personnel, Party B accountable for shall be under an obligation to act in the best interest of Party A during the business operation. Any of his negative or slack action shall be dealt with in accordance with the rules and regulations of Party A. If the interest of the Company is materially impaired due to the business activities of Party B, Party B shall be regarded as a material violation of labor disciplines, and Party A shall have the right to immediately terminate its employment relationship with Party B and pursue economic and legal liabilitiesliabilities from him. 8.10 As a business personnel, Party B, as one B shall act on the basis of the operation staff, shall adhere to the principle of seeking maximum interests for optimizing the interest of the Company in the process of when purchasing materials, equipment, spare parts or seeking services services, and exercise its best endeavor shall make his effort to lower cut down the prices for the purchase prices of such materials/service in order services so as to get obtain the most competitive best price among the comparable for products under with similar functions provided that the same conditionsconditions are provided. While Party A fully trusts shall have complete confidence in the work of done by Party B, it still has B but shall have the right to review examine and examine Party B’s inspect his work. Any review or examination examination, inspection and approval made by another department the other departments of Party A of with respect to the business and the relevant contracts, quotations and technology materials handled businesses conducted by Party B and the contracts, quotation and technical information in relation thereto shall not exempt release any liabilities and obligations of Party B from any due liabilities and duties in terms of seeking the most favorable prices best price and shopping for around or of the best products, nor shall such review or examination preclude the applicability application of this Article. If the purchase price of the products/services purchased product/service is exceeds 10% in excess of the price of a comparable productthe products/service under services with similar functions on the same conditions provided due to the subjective factors of Party B’s willful intention, Party B shall be deemed to have committed as a serious material dereliction of duties and caused serious duties, which causes material damages.

Appears in 2 contracts

Samples: Employment Contract (ReneSola LTD), Employment Contract (ReneSola LTD)

Labor Disciplines. 8.1 Party B shall comply with all national laws and regulations, and shall abide by the Employee Manual and all other rules and regulations. 8.2 Party B shall not use any facilities of Party A to have access to or disseminate any information that is in violation of national laws and regulations, corrupts public morals or has any adverse effect on Party A. Party B shall not have access to, transmit, release or disseminate any information nor engage in other activities unrelated to his work during office hours through internet, telephone and other facilities. 8.3 Without the prior written consent of Party A, Party B shall not do any other part-time jobs during his employment with Party A. 8.4 Party A shall have the right to inspect, supervise, guide and examine the performance of labor disciplines by Party B. Party A shall have the right to impose punishment on Party B for any of his material violation of labor disciplines until the termination of his employment relationship with Party A. 8.5 In Party A’s previous cases, any employee who accepts a bribe worth RMB1,000 from customers or suppliers (the “Customers”) will result in Party A suffering an actual loss of at least RMB10,000. Therefore, none of Party B and his close relatives shall, in all events, accept any offer made by the Customers to pay for their entertainment activities, birthday parties, wedding banquets and feasts, nor shall they accept any gifts from the Customers (including without limitation, cash, cards, stocks, precious items or other items with value), nor accept any actual assistance or other preferential treatments from the Customers in connection with his personal affairs, unless permitted by Party A in advance or reported to Party A according to the requirements. In the event of any violation of the above requirements by Party B and his relatives, Party B (once confirmed after investigation) shall be deemed as a material violation of the rules and regulations of the Company, and Party A shall have the right to terminate its employment relationship with Party B without paying any compensation and indemnity. 8.6 Before signing the official Confidentiality and Non-compete Agreement, Party B specifically undertakes that, during his employment with Party A, and within two years after resignation or quitting the employment or after termination of this Contract, he will not directly or indirectly engage in any competing business activities which are similar to the business being or to be conducted by Party A, including but not limited to being employed by a company that is in competition with Party A, engaging in competing consulting or other business activities, or providing Party A’s technical information, parameters and trade secrets to any company that is in competition with Party A. During the employment with Party A, and within two years after resignation or quitting the employment or after termination of this Contract, without the prior written consent of Party A, Party B shall not disclose in any way or use without authorization any non-public information of Party A, including without limited to any company information, business plans, contracts, letters, purchase prices, costs, sales prices, supplier’s information, Customer’s information, situation of personnel, financial information, proprietary technologies, processes, and workflows relating to Party A A, its operation, people and technologies that are known by Party B from Party A or due to his employment with Party A. Non-public confidential information shall include any information which Party A expressly states that it is confidential, or which is regarded as confidential information of Party A based on the reasonable judgment of Party B (Party B shall not disclose or use such information regardless whether he obtains similar information from a third party). 8.7 With regard to the confidential information provided in Article 8.6, without Party A’s prior consent, Party B shall neither reveal such confidential information in oral, written, digital or any other form to any third party, nor unilaterally allow any person having access to or visiting any area or site that Party A may store confidential information. Party B shall not transfer confidential information such as Customer information, technology materials and images via internet. Any carrier that contains or may contain confidential information, including but not limited to materials and equipments, shall not be taken outside the site, nor shall it be otherwise taken outside Party A’s area by way of duplication or others. 8.8 During his employment, Party B shall not engage in any business activities in violation of any laws, regulations or Party A’s rules and policies, including but not limited to the violation of customs administration regulations by concealing or misstating the relevant transaction information. If Party B’s illegal activity incurs liabilities or losses to Party A, Party B shall fully indemnify Party A for such liabilities or losses and shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.9 Party A’s products are sold at the level of guidance price. As one of the operation staff, Party B shall have the obligation to seek maximum interests for Party A during the course of business operation. Any passive act or neglect of duty shall be dealt with subject to Party A’s rules and policies. If Party B’s business activities incur any severe damages on the interests of the Company, Party B shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.10 Party B, as one of the operation staff, shall adhere to the principle of seeking maximum interests for the Company in the process of purchasing materials, equipment, spare parts or seeking services and exercise its best endeavor to lower the purchase prices of such materials/service in order to get the most competitive price among the comparable products under the same conditions. While Party A fully trusts the work of Party B, it still has the right to review and examine Party B’s work. Any review or examination by another department of Party A of the business and the relevant contracts, quotations and technology materials handled by Party B shall not exempt Party B from any due liabilities and duties in terms of seeking the most favorable prices and shopping for the best products, nor shall such review or examination preclude the applicability of this Article. If the purchase price of the purchased product/service is 10% in excess of the price of a comparable product/service under the same conditions due to Party B’s willful intention, Party B shall be deemed to have committed a serious dereliction of duties and caused serious damages.

Appears in 1 contract

Samples: Employment Contract (ReneSola LTD)

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Labor Disciplines. 8.1 Party B shall comply with all national laws and regulations, and shall abide by the Employee Manual and all other rules and regulations. 8.2 Party B shall not use any facilities of Party A to have access to check or disseminate any information that is in violation of national laws and regulations, corrupts public morals or has any adverse effect on Party A. Party B shall not have access tocheck, transmit, release or disseminate any information nor engage in other activities unrelated to his work during office hours through internet, telephone and other facilities. 8.3 Without the prior written consent of Party A, Party B shall not do any other part-time jobs during his employment with Party A. 8.4 Party A shall have the right to inspect, supervise, guide and examine the performance of labor disciplines by Party B. Party A shall have the right to impose punishment on Party B for any of his material violation of labor disciplines until the termination of his employment relationship with Party A. 8.5 In Party A’s previous cases, any employee who accepts a bribe worth RMB1,000 from customers or suppliers (the “Customers”) will result in Party A suffering an actual loss of at least RMB10,000. Therefore, none of Party B and his close relatives shall, in all events, accept any offer made by the Customers to pay for their entertainment activities, birthday parties, wedding banquets and feasts, nor shall they accept any gifts from the Customers (including without limitation, cash, cards, stocks, precious items or other items with valuevaluable things), nor accept any actual assistance or other preferential treatments from the Customers in connection with his personal affairs, unless permitted by Party A in advance or reported to Party A according to the requirements. In the event of any violation of the above requirements by Party B and his relatives, Party B (once confirmed after investigation) shall be deemed as a material violation of the rules and regulations of the Company, and Party A shall have the right to terminate its employment relationship with Party B without paying any compensation and indemnity. 8.6 Prior to the execution of the formal Confidentiality and Non-Competition Agreement, Party B specifically undertakes that, during his employment with Party A, within two years upon resignation or quitting the employment or after termination of this Contract, he will not directly or indirectly engage in any competing business activities which are similar to the business being or to be conducted by Party A, including but not limited to being employed by in a company that is in competition with Party A, engaging in competing consulting or other business activities, or providing Party A’s technical information, parameters and trade secrets to any company that is in competition with Party A. During the employment with Party A, and after within two years upon resignation or quitting the employment or after termination of this Contract, without the prior written consent of Party A, Party B shall not disclose in any way or use without authorization any non-public information of Party A, including without limited to any company information, business plans, contracts, letters, purchase prices, costs, sales prices, supplier’s information, Customer’s information, situation of personnel, financial information, proprietary technologies, processes, and workflows relating to Party A and its business, operation, personnel and technology that are known by Party B from Party A or due to his employment with Party A. Non-public confidential information shall include any information which Party A expressly states that it is confidential, or which is regarded as confidential information of Party A based on the reasonable judgment of Party B (Party B shall not disclose or use such information regardless of whether he obtains similar information from a third party). 8.7 With regard to the confidential information provided in Article 8.6, without Party A’s prior consent, Party B shall neither reveal such confidential information in oral, written, digital or any other form to any third party, nor unilaterally allow any person having access to or visiting any area or site that Party A may store confidential information. Party B shall not transfer confidential information such as Customer information, technology materials and images via internet. Any carrier that contains or may contain confidential information, including but not limited to materials and equipments, shall not be taken outside the site, nor shall it be otherwise taken outside Party A’s area by way of duplication or others. 8.8 During his employment, Party B shall not engage in any business activities in violation of any laws, regulations or Party A’s rules and policies, including but not limited to the violation of customs administration regulations by concealing or misstating the relevant transaction information. If Party B’s illegal activity incurs liabilities or losses to Party A, Party B shall fully indemnify Party A for such liabilities or losses and shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.9 Party A’s products are sold at the level of guidance price. As one of the operation staff, Party B shall have the obligation to seek maximum interests for Party A during the course of business operation. Any passive act or neglect of duty shall be dealt with subject to Party A’s rules and policies. If Party B’s business activities incur any severe damages on the interests of the Company, Party B shall be deemed to have materially breached the labor disciplines, in relation to which Party A shall be entitled to promptly terminate this labor relationship and hold Party B accountable for its economic and legal liabilities. 8.10 Party B, as one of the operation staff, shall adhere to the principle of seeking maximum interests for the Company in the process of purchasing materials, equipment, spare parts or seeking services and exercise its best endeavor to lower the purchase prices of such materials/service in order to get the most competitive price among the comparable products under the same conditions. While Party A fully trusts the work of Party B, it still has the right to review and examine Party B’s work. Any review or examination by another department of Party A of the business and the relevant contracts, quotations and technology materials handled by Party B shall not exempt Party B from any due liabilities and duties in terms of seeking the most favorable prices and shopping for the best products, nor shall such review or examination preclude the applicability of this Article. If the purchase price of the purchased product/service is 10% in excess of the price of a comparable product/service under the same conditions due to Party B’s willful intention, Party B shall be deemed to have committed a serious dereliction of duties and caused serious damages.

Appears in 1 contract

Samples: Employment Contract (ReneSola LTD)

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