Exhibit 10.20
CONTRACT OF EMPLOYMENT
Entered into between:
SinoHub Electronics Shenzhen, Ltd.
(Herein after referred to as "the employer")
Address of employer:
0/X, Xx. 0 Xxxxxxx Xxxx
Xxxxxxx Area, Technology Park
Xxxxxxx Xxxxxxxx
Xxxxxxxx, Xxxxx 000000
Legal Representative:
Li De Hai
Contact Person:
Zhao Xi Hang
Contact phone number:
x00-000-0000-0000
And
Lei Xia
(Herein after referred to as "the employee")
Address of employee:
Xxx. 00X, Xxxx X, Xxxxxxx Xxxxxx,
Splendid Garden, Overseas China Town
Xxxxxxx Xxxxxxxx, Xxxxxxxx
XX Xxxxx 000000
ID card number:
000000000 (US Passport)
Contact phone number:
x00-000-0000-0000
According to the relative terms and regulations in China Employment Law, the
employer and the employee hereafter sign the following contract and are willing
to obey it.
1. Term of the contract
1.1 The employer and the employee define the term of the contract in the
fixed term way listed below:
a. Fixed term: This contract will begin on January 1, 2009 and continue
until December 31, 2009
b. No fixed term: This contract will begin on .........
C. After completing some work: This contract will begin on ......... and
continue until terminated on ......... when the work is done. The criteria of
completion of the work is .........
1.2 The term of the probation is ....N/A..... (It includes in the term of the
contract. If no probation, please put in N/A.)
2. Job description
Job Title: President - in charge of all Sales, Marketing and Business
Development
3. Hours of work
3.1 The employer and the employee define hours of work in the no fixed
working hours way listed below:
a. Normal daily working hours will be ......... hours (no more than 8
hours), and the weekly working hours will be......... hours (no more than 40
hours).
b. No fixed working hours, i.e. after getting the approval of labor
department, the employee will work without the regular fixed period of time.
c. After getting the approval of labor department, the employee will work
and be paid according to the accumulated hours.
3.2 Overtime will only be worked if agreed upon between the parties as set
out in Clause 41 in the Employment Law.
4. Wage
4.1 The employer must structure the wage system in compliance with relative
laws and regulations and inform the employees. The employee wage shall be paid
no less than the minimum wage of that year announced by the government.
4.2 Monthly wage of the employee is $4,000 (The employee wage during
probation is N/A)
4.3 The employee wage shall be paid in cash on the last working day of every
month and shall be: .........
4.4 In terms of overtime payment, public holidays, Paid Time Of and other
special conditions of the employee, the employer must execute according to the
Regulations of the Shenzhen Municipality on the Wage Payment to Employees.
4.5 Other agreements between the employer and the employee as below:
.........................................................................
5. Protection of Employees and Other conditions of employment
5.1 The employer must provide the employee with working environment compliant
with the national sanitation standard and labor protection devices in order to
protect the employees at work.
5.2 Employee is engaged in ......... which may lead to occupational harm
.........., therefore, the employer must ......... and organize the employees to
take physical examination .........(times) a year.
5.3 The employee is entitled to refuse to obey the instructions of the
employer that is against the relative law and (or) regulations and may bring the
harm to the security or health of the employee, who can report to the relative
organizations.
6. Social insurance and labor protection allowances and welfare
6.1 The employer conducts social insurance procedures for employees. The
insurance fee will be paid according to insurance law and regulations.
6.2 The employer offers sick leave and medical welfare when employee is sick
or injured not related with work;
6.3 The employer conducts according to the Code of Occupational Disease
Prevention of PRC and Work-related Injury Insurance Regulations when the
employee has occupational disease, is injured or dead.
6.4 The employee is entitled to take public holidays, annual leave, honeymoon
vacation and maternity leave, etc.
7. Labor discipline
7.1 The discipline and regulations that the employer establishes must be open
and informed to employees.
7.2 The employee must obey the relative national, provincial and municipal
discipline and regulations and those established by the employer, and complete
the assignment timely.
7.3 The employee must obey the relative national, provincial and municipal
regulations of birth-control.
8. Alteration of the contract
This contract can be altered or modified with the agreement of both parties. Any
changes of the contract must be in written form.
9. Dissolution of the contract
9.1 If one party or both parties of the contract proposes to dissolute the
contract before the contract expires, the proposal must be compliant with the
relative regulations.
9.2 The employer must pay the employee compensation if it conforms to the
needed conditions.
9.3 When both parties dissolute the contract, the employer must inform the
employee in written form and go through the corresponding procedure.
10. Termination of employment
10.1 When the contract expires or the condition that both parties agree to
terminate the contract occurs, this contract of employment is terminated. The
employer must inform the employee in written form and go through the
corresponding procedure.
10.2 When the contract expires, if both parties agree to renew it, needed
procedures must be done with 30 days before the expiration of the contract.
11. Liabilities for Breach of Contracts
11.1 Liabilities of the employer:
Local third party health insurance
Indemnification Agreement
Director and Officer Insurance
11.2 Liabilities of the employee:
Employee shall be liable for negligence, fraud and theft
12. Dispute Principle
When dispute about employment arises between both parties, they should first
resolve this by resorting to consultations by themselves. If it fails, both
parties can apply for mediation at the labor dispute mediation commissions of
its own, or apply for arbitration directly at the labor dispute arbitration
commissions. If the parties agree to accept the award of arbitration, they must
fulfill it. If the parties refuse to accept the award of arbitration over a
personnel dispute, they may file an action in a people's court according to law.
13. Other conditions of employment both parties agree on:
.................................................................................
.................................................................................
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14. Other issues
14.1 For the matters not mentioned herein or terms against the applicable
laws and standards, it must be carried on according to law.
14.2 The following regulations of the employer will be the appendix to this
contract.
.................................................................................
.................................................................................
.................................................................................
14.3 This contract is effective on the date since both parties sign. Any sign
of erasure or authorized signature without approval in written form is invalid.
14.4 This contract is in duplicate and is to be held by both parties.
THUS DONE AND SIGNED AT SHENZHEN, PR CHINA ON THIS FIRST DAY OF JANUARY 2009
EMPLOYER EMPLOYEE
/s/ Xxxxx X. Xxxxxxx /s/ Lei Xia
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