English Translation) Employment Contract
Exhibit
10.7
(English
Translation)
Employment
Contract
Party
A:
|
Shandong Green Foodstuff Co., Ltd | Legal Representative: Xx Xxxx |
Party
B:
|
Huanxiang
Sheng
|
Sex:
Male
|
Date
of Birth:
|
October
14th, 1971
|
Education
Degree:
Associate Degree
|
Graduation
School:
|
N/A | Major: Accounting |
Native
Place: JunanCounty,
ShandongProvince
ID
Number: 000000000000000000
According
to the Labor Law of the People’s Republic of China and relevant regulations
promulgated by the local government, both parties agree to sign this labor
contract on the principle of equality and through amicable
negotiation.
I.
From the
date this contract takes effect, Party B becomes an employee of Party A and
the
employment relation between both parties is established.
The
term
of this contract is:
A. |
The
fixed term is from December
7th, 2004
to
December
6th, 2009.
|
II.
Salaries
During
the period of this contract, Party A shall pay Party B for his labor in cash.
Party A shall calculate and distribute Party A’s salaries in accordance with:
1. |
the
regulations of the company’s salary
system.
|
III.
Party
A’s Responsibilities
1.
Party
A shall comply with state laws, regulations and policies and shall create a
favorable working environment to raise the staff’s enthusiasm and creativity.
2.
Party
A shall be responsible for instructing and training Party B of political
opinions, vocational ethics, production safety, and observance of laws and
disciplines as well as rules and regulations of the unit; ensure that its
employees enjoy working rights and fulfill working obligations.
3.
Party
A shall reasonably determine the labor ration and shall pay Party B salaries
no
lower than the local minimum salary standard. Once the labor relationship is
established, Party A shall provide Party B with labor insurance and pay
insurance fees for such insurance coverage as endowment insurance, unemployment
insurance and work injury insurance.
4.
Party
A may rescind the labor contract in case that party B:
(1).
is
proved to be unqualified during the probation period.
(2).
severely violates the labor disciplines or Party A’s regulations.
(3).
is
in serious breach of duty, irregularities of favoritism that do great harm
to
Party A.
(4).
is
fired or dismissed by the company or inflicted with criminal liabilities
according to laws.
(5).
is
unable to do the original job or other job arranged by Party A due to Party
B’s
diseases or non-work related injuries after the expiration of medical treatment
period.
(6).
is
unqualified for the job even after the training or post adjustment.
IV.
Party B’s Responsibilities
1.
Party
B shall comply with state laws, regulations and policies and shall protect
national interests and Party A’s interests.
2.
Party
B shall actively attend the education and training of political opinions and
vocational ethics offered by Party A, execute the safety and health regulations
and comply with the labor disciplines and vocational ethics.
3.
Party
B shall accept and finish the production tasks stipulated by Party A, meet
the
fixed target and continuously improve the professional skills.
4.
Party
B shall comply with each regulation legally instituted by Party A and obey
Party
A’s guidance and management.
5.
Party
B shall comply with personnel adjustment, able to work in any of Party A’s
company as required by Party A’s production needs.
6.
Party
B shall perform the obligations stipulated by laws, regulations and the labor
contract.
7.
Party
B may not rescind the labor contract with Party A under any of the following
circumstance:
(1).The
training expenditure is paid by Party A but the service period provided in
the
labor contract is not over yet.
(2).Party
B has not finished important tasks of production, management or scientific
researches.
(3).Party
B’s involvement in economic compensation, economic punishment and administrative
sanction is unsettled.
8.
To
rescind the labor contract, Party B shall inform Party A in written form 30
days
in advance..
9.
During
the contract period or after the rescission of the contract, regardless of
being
fired because of disobeying the disciplines or rules or leaving the factory
privately, Party B shall not do any harm to the company. In case of any offense,
Party A is entitled to recover from Party B all the economic loss.
10.
The
director, supervisor and manager as well as those who are familiar with the
company’s management, sales, product exploitation and quality control, etc. or
familiar with the commercial secrets and processing technologies, cannot
personally or jointly conduct or assist others to conduct the same or similar
business or engage any activity harmful to the company’s interests regardless of
the reason for their depart.
V.
Once
the
contract period expires, the employment relationship between both parties is
terminated. If both parties agree to continue the employment relationship,
the
contract can be renewed. One party’s decision about contract renewal shall be
informed to the other party within 30 days after the contract period
expires.
VI.
Upon
conclusion of the contract both parties shall strictly implement the contract.
The party in breach shall pay a penalty of XXX
000,000 (Xxx xxxxxxx xxxxxxxx XXX).
VII.
In
the
process of implementing the contract, if any labor dispute takes place between
the two parties, it may be submitted to Party A’s mediation committee of labor
disputes for mediation, or be submitted to an authoritative arbitration
committee of labor dispute for arbitration; the arbitration decision may be
appealed to the local people’s court.
VIII.
Other
issues unsettled in this contract shall be solved according to the national
or
provincial regulations. In the absence of national or provincial regulations,
the two parties may consult on supplementary provisions.
IX.
Other
negotiated issues that shall be complied with and implemented will be recorded
in the appendix or be regarded as the annex of the contract.
X.
The
contract takes effect upon both parties seal/signature.
XI.
The
contract is executed in two originals, with each party holding one
original.
XII.
Appendix
or Annex
(None)
Party A: Shandong Green Foodstuff Co., Ltd. | Party B: Huanxiang Sheng |
(Corporate Seal) | /s/ Huanxiang Sheng |
December
7th, 2004
|
December
7th, 2004
|