Labor Contract
Exhinit 10.15
Party
A (Employer): Guangxi Liuzhou Baicaotang Pharmaceutical Co., Ltd.
Address:
Xx.000, Xxxxxxxxx Xxxx, Xxxxxxx
Xxxxx
Representative (or Person in charge): Board of directors
Party
B (Labor): Tang Huitian
Address:
Xx.000, Xxxxxxxxx Xxxx, Xxxxxxx
XX
Number: 000000000000000000
This
contract is signed on a mutually voluntary basis by and between Party A and
Party B about Party A’s employment of Party B in accordance with the Labor
Contract Law of People’s Republic of China for both parties to act in accordance
with it.
Article
One: Term of the Contract:
1. This
labor contract is (choose one of it and finish the bank filling) B;
A. Labor
contract with fixed term from ________to ________;
B. Labor
contract with flexible term commencing on January 1st,
2008;
C. Take
the completion of___ as a term.
2.
Probation period included in this contract is____month(s)
(from________to________)
Article Two Working
Place:
Guangxi (autonomous area or municipality directly under the Central
Government) Liuzhou (county)____
Road No.____.
Article
Three Working content:
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1.
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Party
B agrees to take the position of chairman of the board in Party A’s board
of directors (or post); specific working content of Party B should
implement in accordance with responsibility of position of Party
A.
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2.
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If
Party B is not qualified with the position, Party A can adjust Party B’s
position and confirm the remuneration of Party B in accordance with the
position newly adjusted; if Party B refuses to accept the adjustment,
Party A can inform Party B to dissolve contract 30 days in advance.
Economic compensation shall be paid in accordance with state
regulations.
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3.
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During
working process, if Party A’s damage is caused by grievous fault or guilty
intent of Party B, Party A is entitled to get recovery from Party
B.
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Article
Four Working Hours and Rest and Vacation
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1.
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Working
Hours: Party A guarantees Party B a working hour of no more than 8 hours
per day, no more than 40 hours per week and at least one day of leave per
week. Specific working hours will be arranged by Party A according to the
status of production operation and Party B is obliged to follow
it.
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2.
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Rest
and Vacation: Party A arranges the rest and vacation of Party B in
accordance with state regulations.
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1
Article
Five Remuneration
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1.
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Party
B’s monthly salary is____Yuan, thereinto, during the probation period,
Party B’s monthly salary is_____Yuan; (Should the piece-rate wage is
applied, the salary will be paid in accordance with following
criteria:___)
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2.
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For
the purpose of the need of production operation, the working hours of
Party B is extended by Party A, or Party B is arranged to work during rest
days or statutory holidays, overtime pay shall be paid to Party B by Party
A according to state standards.
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3.
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Party
A guarantees to pay salary per month and the date shall be confirmed prior
to 5th
of each month.
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Article
Six Social Insurance
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1.
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Party
A shall manage various kinds of social insurances for Party B according to
state regulations and pay social insurance
premiums;
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2.
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Social
insurance premiums that shall be paid by Party B according to regulations
of laws shall be withdrawn from the deserved salary of Party B by Party A
and Party B shall not have
objection.
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Article
Seven Labor Protection, Working Condition and Occupational Hazards
Protection
Party A
shall provide Party B with necessary tools and sites as well as other working
conditions required in the work; Party A shall guarantee the working sites is in
line with state regulation for safe production and take security precaution
measures by law to prevent occupational diseases.
Article
Eight
Party A
establishes and improves all rules and regulations according to law and Party B
shall strictly follow it.
Article
Nine
Party B
shall keep secret of all trade secrets, intellectual property, company
confidential information and all those items that are not suitable to make
public of Party A knowing from working process, or Party B shall honor his
liability for the loss caused to Party A.
Article
Ten
Party B
shall promise not to maintain labor relations or sign employment restriction
agreements with any other unit when signing this agreement. Otherwise, Party B
shall bear sole responsibility for the loss caused to other units and Party A
has no responsibility with it.
Article
Eleven
Invalidation
or Termination of Labor Contract:
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1.
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If
Party B needs to dissolve the labor contract, Party B needs to inform
Party A in written form 30 days in advance. Written notice subjects to the
one delivered to the office of Party
A;
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2.
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Items
about invalidation or termination of labor contract shall be implemented
in accordance with concerned regulations of Labor Contract Law and other
regulations.
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3.
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Party
B shall hand over the work items that he is in charge with and using
property consigned by Party A to the appointed staff, on the occasion of
invalidation or termination of labor contract. If the handover is not
realized and loss of Party A is caused as a result of Party B’s fault,
Party B shall compensate for it.
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4.
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Party
B shall obtain economic compensation according to law as a result of the
invalidation or termination of labor contract. But before the completion
of handover from Party B to Party A, Party A shall withhold the economic
compensation momentarily. If Party B still does not finish the handover 60
days after the invalidation or termination of labor contract, Party B is
not entitled to ask Party A for economic
compensation.
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2
Article
Twelve Other items agreed upon mutual agreement
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1.
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Party
B shall not engage in any commercial activities same to or similar with or
concerned with his own work, or those within Party A’s business
scope for himself or units, individuals other than Party A by using the
convenience of working for Party A. If Party B breaches it, Party A is
entitled to dissolve the labor contract with Party
B.
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2.
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Party
B must keep secret of Party A’s business secrets and must not disclose the
secret to any unit or individual other than Party A. If Party B breaches
it and brings economic loss or reputation damage or other negative
consequences, Party A is entitled to call to account of Party B and ask
for compensation.
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3.
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If
Party B is funded by Party A in education with record of formal schooling
or training, Party B shall work for Party A for more than 5 years (the
term begins since the closing date of learning and training). If Party B
doesn’t work for Party A for as required term of service and asks to leave
from Party A, Party B shall return the study costs to Party
A.
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Article
Thirteen
Controversies
arises from the implementation of the contract shall be negotiated and treated
in accordance with the reasonable and lawful principle of mutual understanding
and mutual accommodation; if the negotiation fails, either part can turn to
Labor Dispute Arbitration Committee to apply for arbitration.
Article
Fourteen
Items not
concerned in the contract shall be implemented according to laws, regulations,
administration regulations and local laws and regulations.
Article
Fifteen
This
contract comes into effect after both of the parties signed or stamped in
duplicate and each of the party holds one. Any change of the provision of this
contract shall be in writing forms and signed or stamped by both of the parties
to make confirmation.
Party A
(stamp): Party B
(Signature): Tang Huitian
Signing
Representative (Signature):
Date:
Jan. 3rd,
2009 Date: Jan.
3rd,
2009
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