EXHIBIT 10.16
EMPLOYMENT CONTRACT
1. EMPLOYER AND EMPLOYEE:
This contract of employment is executed and entered into by and
between:
"The EMPLOYER": Xxxxxx Science, Inc. (CEO: Xxxxx-xxxx Noh)
"The EMPLOYEE": SECHEON AN
(National Registration Number: 000000-0000000)
2. TERMS AND CONDITIONS:
The EMPLOYER and the EMPLOYEE agree on the following:
1) Duration of the Contract: From 01/06/2001 to _____________
(dd/mm/yy) (dd/mm/yy)
2) Division/Team: MANUFACTURING
3) Position/Title: SENIOR VICE PRESIDENT
4) Salary: 50,000,000 Wons per year
5) Salary Payment Method
The monthly wage amount is equal to the annual salary amount
(stated above) divided by 12 (twelve). The EMPLOYER will pay
the EMPLOYEE the monthly wage on the 21st day of each month.
6) Severance/Retirement Pay
Refer to the Company Policy regarding Severance/retirement pay
for executive officers.
3. MISCELLANEOUS
The Company Policy will be referred to for matters that are not
specified herein.
CONTRACT DATE: 01/06/2001
THE EMPLOYER: Xxxxx-xxxx Noh, CEO, Xxxxxx Science
THE EMPLOYEE: Name SECHEON AN (signature) /S/ SECHEON AN
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Address 000-000 XXXXXXX XXXXXXXXX, XX-X XXXX
Xxxxx-Xxxx, Kyenggi-Do, Korea
