Employment Contract
Exhibit
10.21
Employment
Contract
Parties
Jinzhou
Halla Electrical Equipment Co., Ltd (Party A)
Seal
Xxxxxxxx
Xxx (Party B)
/s/
Xxxxxxxx Xxx
December
1, 2003
1. The
term
of the contract is from
December 1, 2003 to
November 30th,
2006.
2. Party
B
will be employed as Division Head in the production department.
3. Party
A
shall comply with the regulations, including regulations regarding improving
the
company’s sanitary conditions and working conditions.
4. Party
A
shall provide reasonable compensation based on Party B’s work
performance.
5. Party
A
shall ensure the rights of Party B regarding employment, education and
employment awards.
6. Party
A
shall purchase certain insurance for the benefits of Party B.
7. Party
A
can set forth requirements related to Party B’s work performance.
8. Party
B
shall comply with rules and regulations established by Party A.
9. Party
B
shall be entitled to benefits enumerated by applicable laws.
10. Pursuant
to the following situations, both parties can modify the contract
| a. |
Change
of Party A’s structure or business.
|
| b. |
Agreed
by both parties
|
| c. |
Change
of applicable laws
|
11. Pursuant
to the following situations, Party A can terminate the contract
| a. |
Party
B fails to satisfy necessary
qualifications.
|
| b. |
Party
A is insolvent or in the proceeding of bankruptcy.
|
1
12. Pursuant
to the following situations, Party B can terminate the contract
| a. |
Party
A fails to purchase insurance policy for the benefits of Party
B
|
| b. |
The
working condition have materially adverse effect on Party B’s
health.
|
13. Party
A
cannot terminate the contract in the following circumstances
| a. |
Without
good cause set forth in article 11.
|
| b. |
Party
B is injured during the employment.
|
14. The
contract shall automatically be terminated when Party B is subject to any
criminal charges and proceedings.
15. Both
parties can terminate the contract by giving notice to the other party 30 days
before the termination date of the employment.
16. The
contract shall expire at the expiration date.
17. A
party
shall be responsible for damages caused by its breaches of this
contract.
18. Other
provisions
| a. |
Party
A can terminate the contract in the following
circumstances
|
| i. |
Party
B engage in business during his vacation.
|
| ii. |
Violation
of regulations and rules set forth by Party A.
|
| iii. |
If
Party B terminate the contract without cause, Party B shall pay RMB1,000
to Party A for reimbursement of the training expenses.
|
Jinzhou
Halla Electrical Equipment Co., Ltd (Party A)
/s/
Yuncong Ma
Yong
Xxxx
Xxx (Party B)
/s/
Yong Xxxx Xxx
2
