English Summary of Form of Employment Agreement
EXHIBIT
10.8
English
Summary of
This
Employment Agreement (this “Agreement”) is made by Duoyuan Digital Printing
Technology Industry (China) Co., Ltd. (the “Company’) and __________________
(the “Employee”). The duration of the employment is one year, which shall
end on December 25 of each year and is renewable upon notice from the Employee
and consent of the Company. After ten years of continuous employment, the
Employee may enter into an employment agreement with the Company for an
indefinite period of time, subject to the Company’s consent.
The
Company shall pay for all mandatory social security programs such as pension
insurances, unemployment insurances and medical insurances of the Employee
according to the relevant government and city regulations. During the term
of this Agreement, the Employee’s welfare shall be implemented in accordance
with the laws and relevant regulations of the People’s Republic of
China.
The
Employee shall comply with the management’s directions of the Company and comply
with the bylaws and labor disciplines of the Company. All intellectual
property rights the Employee obtains during the term of employment shall belong
to, and be the property of, the Company. The Employee shall undertake an
obligation to keep and not to disclose any trade secrets of the Company during
the term of this Agreement.
The
Company may terminate this Agreement for cause, without notice or
severance. The Company may also terminate this Agreement upon 30 days’
notice if the Employee is not suitable for the job due to medical or other
reasons. If the Company lays off the Employee because of an economic
downturn or terminates an employee because the Employee is not suitable for
the
job or is not able to work due to sickness or injury, the Company shall pay
up
to 12 months’ salary as severance. The Employee may terminate this
Agreement without cause upon one month’s notice or for cause without
notice.
