An Employment Contract is a contract by which a company hires an employee. The simplified version of the Employment Contract makes the following assumptions:
- The employment is for a continuous contract
- The contract is for a full-time position
- The employee is between 18 and 65 years old
- There is no requirement for the candidate to hold a specific licence for the position of employment
- The first 1 month of employment will be a probation period
- The wage rate will be calculated per month
- There will be no annual review of salary
- The frequency of wage payment ("salary period") is one month
- Payment of wages will occur on or around the end of each month (i.e. no specific date of payment)
- The employee will receive rest day pay, which is included in the calculation of their wages
- The employer agrees to reimburse expenses incurred by the employee when they are doing their job
- The employee is not required to work when typhoon signal no. 8 or above is hoisted or when the black rainstorm warning is in force, but is required to resume duty if typhoon signal or rainstorm warning is cancelled not less than 2 hours before the close of working hours
- The Leave year is defined as the first day of January to the last day of December
- There will be no incremental annual leave
- The employee will be entitled to the following statutory benefits: (a) Holiday pay for statutory holidays (b) Sickness allowance (c) Parental benefits
- There will be no restrictions during employment on the employee having financial interests in any other business or trade
- There will be no post-termination restrictions on the employee after he leaves employment.
The detailed version includes the following features in the employment contract:
- Option to require the employee to hold a certain licence in order to qualify for the position of employment
- Option to include or exclude a probation period, and vary its length
- Option to include or exclude an end-of-year payment
- Option to specify an additional type of remuneration other than basic salary, commission and allowances
- Option to include or exclude medical insurance
- Option to include or exclude the reimbursement of expenses
- Options for working arrangements and typhoon allowance/travel reimbursement when typhoon signal no. 8 or above is hoisted or when black rainstorm warning is in force
- Options for defining the Leave Year for the purpose of calculating leave entitlements
- Option to require the employee to irretrievably delete any company information they may have stored on their devices
- Option to include provisions about garden leave, restrictions during employment, and post-termination restrictions
- Option to specify particular types of confidential information in addition to a general definition of confidential information in the definitions section
- Option to require the employee to obtain your written consent before removing any property containing Confidential Information from office premises.
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