Employment Contract
Exhibit
10.7
[Cautionary
Note: This Agreement has been translated into English from the original Chinese
language version.]
Pursuant
to the Labor Law of the People’s Republic of China and other applicable laws and
regulations and upon consultation on the basis of equality and free will,
Shenzhen Media Investment Co., Ltd. (hereinafter “Party
A”)
and Mr. Xxx Xx (hereinafter “Party B”) hereby enter into this contract providing
for Party A’s employment of Party B as a contract-based executive-level manager.
I.
Term of Employment
The
period of service will be three
years, from the 1st of March 2004 to the 1st of March 2007.
II.
Working hours
The
working hours of Party B for Party A shall not exceed eight hours each day,
forty hours
each week.
III.
Duties
|
1.
|
Party
B shall perform his duties diligently and competently pursuant to
the
requirements for the position.
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|
2.
|
Party
A shall provide Party B with necessary working conditions according
to
applicable laws and regulations.
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IV.
Salary
|
1.
|
Party
B’s monthly salary will be RMB5,000 yuan (pretax income).
|
|
2.
|
The
pay day of the monthly salary will be the fifth day of each month.
Party A
shall pay Party B at once each month in the form of currency.
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V.
Amendment, Cancellation and Termination of the Contract
|
1.
|
The
contract can be revised based on mutual consent of both parties and
the
amendment to the contract shall be in a written form.
|
|
2.
|
The
cancellation of the contract shall be made in accordance with the
applicable laws and regulations.
|
|
3.
|
If
Party A cancels the contract without valid reason and this behavior
infringes Party B’s interests, it should pay monetary compensation to
Party B.
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VI.
Dispute Settlement
The
parties shall consult with each other and mediate any disputes which may arise
about
the
contract. If all attempts fail, the two parties can appeal to the local arbitral
body
of
labor dispute for arbitration.
VII.
Miscellaneous
|
1.
|
Party
A and Party B entered into this Agreement under the principle of
voluntaries, equity, mutual benefits and trustworthiness. This contract
takes effect on the date signed by both parties and will automatically
expire when the contract ends.
|
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2.
|
If
any of the provisions of this contract conflicts with applicable
laws and
regulations, the provision shall be superseded by the applicable
laws and
regulations
|
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3.
|
This
contract has two counterparts, one for Party A, one for Party B.
This
contract shall become effective upon execution by both
parties. Both
counterparts shall have equal legal effect.
|
IN
WITNESS WHEREOF, the Parties have executed this Employment
Contract.
Party
A: Shenzhen Media Investment Co., Ltd.
(corporate
seal)
Date:
March 1, 2004
Party
B:
Xxx Xx
/s/
Xxx Xx
Date:
March 1, 2004
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