Exhibit 10.4
EMPLOYMENT CONTRACT
Agreed today between 10charge Kft (headquartered: 1121 Budapest, Konkoly Xxxxx
Xxxxxx ut 29-33 Hungary, Company ID No: 01-09-696408) as the "Employer" and
Jozsef Xxxxxxx Xxxx (mother's maiden name: Xxxxxxx Xxxx, born in Jaszbereny 18
April 1960, residence: 00, 000xx xxxxxx, 0000 Xxxxxxxx , Xxxxxxx Social Sec No.:
000000000, Tax Id.: 8340753096) as the "Employee" under the following terms and
conditions.
SUBJECT OF WORK:
Work definition: Managing director
Xxxxxx Xxxxx, representative of 10charge Inc, Delaware, the owner of 10charge
Kft. exercises employer's rights.
Employer and Employee agree that the Employer has identified Employee of the
task and processes he is to perform as part of his job description.
Employee
- Concludes the task of the Managing Director of the 10charge Kft
- Works independently on tasks assigned to him.
- Concludes weekly reporting to the general assembly about works
completed, and progresses of tasks, provides continuous updates in
writing
- In case of termination gives back all works, documentation,
materials, tools, software to the Employer on the last day of work.
Duration, modification, termination of employment:
The Employment is for an undefined period starting 1st January 2004 Start of
work is 1st of January 2004
Employer may terminate the employment under the following extraordinary
circumstances:
- Employee breaks his duties in this contract or behaves in a way that
makes this employment contract impossible
- Does not perform his weekly reporting
- Performs software development work for third parties with similar
operations as the Employer
For modifications and terminations of this contract, rulings of the Hungarian
Labor Code apply.
Salary, place and order of work:
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Monthly salary is to be 53,000 Hungarian forints. Salary is due on the 10th day
of the following month. Weekly working hours: 40 which has to be done Monday
through Friday.
Work has to be carried out at Employer's facilities, daily, with start and end
times are not defined, but time record must be kept. As daily working hours are
not defined, overtime is not paid.
Holidays as per Labor Code: 5 days. Employee must consult about holidays with
Employer.
Termination notices can be given as described in the Labor Code.
Other terms and conditions:
Employee
- Acknowledges that all development and related works done for the
Client and the results of these are the sole property of the
Employer
- May disclose any information regarding the Employer's operations to
third parties if it serves the interests of the Employer
- Is bound to check the accuracy of the information disclosed about
the Employer and is bound to direct communication in a way that
helps the image of the Employer
- Gives back all software copies given to him by the Employer at the
termination of the contract.
- Will not disclose any information regarding his work at the
Employer, will not give software developed for the Employer or any
material information regarding the Employer to third parties for the
period of two years.
All matters not described here are governed by the Labor Code and other
regulations regarding employment.
Budapest January 1, 2004
/s/ Xxxxxx Xxxxx (Employer) /s/ Jozsef Xxxxxxx Xxxx (Employee)
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