SUPPLEMENTARY EMPLOYMENT CONTRACT
This Contract is made on the 31st day of March 1996
Parties to the Contract:
A. Hang Xxxx Jewellery Co. Ltd., of 302-303A, 3/F, Fu Hang Industrial
Building, Xxx Xxxx Street East, Hunghom, Hong Kong ("Company"),
B. Xx. Xxx Xxx Xxxx H.K.I.D. No. X000000(0) ("Xx. Xxx"),
C. Xxx. Xxx Xxxx Xxx Fai, H.K.I.D. No. X000000(0) ("Xx. Xxxx").
Whereas pursuant to the Employment Contract between the Company and Xx. Xxx
("Contract A") and the Employment Contract between the Company and Xx. Xxxx
("Contract B") both dated the 1st day of January 1994.
1. Salary of Xx. Xxx for the twelve months period ended 31 March 1996 being
HK$586,950.00 subject to an increment rate of 30% per annum effective on
the 1st day of January of each calendar year.
2. Salary of Xx. Xxxx for the twelve months period ended 31 March 1996 being
HK$391,300.00 subject to an increment rate of 30% per annum effective on
the 1st day of January of each calendar year.
Whereas the Company agrees to continue to pay a total annual salary to Xx. Xxx
and Xx. Xxxx which shall not exceed the total amount the Company have to pay per
Contract A and Contract B.
Whereas Xx. Xxx and Xx. Xxxx agree to continue to receive a total annual salary
from the Company which shall not be less than the total amount they are entitled
per Contract A and Contract B.
Now that in consideration of the respective responsibilities and duties of Xx.
Xxx and Xx. Xxxx has been varying from time to time, it is hereby mutually
agreed amongst the Company, Xx. Xxx and Xx. Xxxx that:
1. Commencing on 1st of April 1996, Xx. Xxx and Xx. Xxxx shall be allowed to
share the total amount of the annual alary which shall be payable by the
Company and receivable by Xx. Xxx and Xx. Xxxx per the Contract A and
Contract B on the portion which is subject to review and revise from time
to time to be mutually agreed between Xx. Xxx and Xx. Xxxx.
The amount of salary as agreed between and entitled by Xx. Xxx and Xx. Xxxx
is to be HK$1,121,725.00 and HK$150,000.00 respectively for the twelve
months period ended 31 March, 1997.
2. Xx. Xxx and Xx. Xxxx agree that they shall perform duties for the Company,
its associated companies, related companies or its assigns in Hong Kong,
and at such other place as is required.
This contract is supplementary to the Contract A and Contract B and signed and
agreed by:
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Hang Xxxx Jewellery Co. Ltd.
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Xx. Xxx Xxx Xxxx
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Xxx. Xxx Chan Yam Xxx
xxxxx/lam10-K
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