Supplementary Agreement Concerning the Provision of Welfare Facilities (LJ9701-E) Party A: Liuzhou OVM Joint Stock Co., Ltd. Party B: Liuzhou OVM Construction Machinery Co., Ltd. Since the establishment of Party B, both parties to this Agreement have...Supplementary Agreement Concerning the Provision of Welfare Facilities • April 15th, 1998 • Ovm International Holding Corp • Construction machinery & equip
Since the establishment of Party B, both parties to this Agreement have undergone structural changes on the internal operation and management. Staff welfare facilities originally managed and operated by Party A like canteen, dormitory and medical facilities, are now independently run or subcontracted. Party A is no longer responsible for the costs in providing these staff welfare services. The costs for using these facilities have been taken into consideration in determining the staff payroll and the employees are now required to pay for the use of these facilities.
