EMPLOYMENT AGREEMENT
This Agreement, made and entered into this (○○Date ○○Month ○○Year) by and between (○○○), a corporation duly organized and existing under the laws of (the Republic of Korea), having its principal office at (○○○○) (hereinafter referred to as \"Employer\") and (○○○) (○○○), residing in (○○○○) (hereinafter referred to as \"Employee\").
Article1【 Employment 】
1.1 Employer hereby employs Employee and Employee hereby accepts employment upon the terms and conditions hereinafter set forth. 1.2 Employee represents that Employee is free to enter into this Agreement and to comply with all conditions contained in this Agreement.Article2【 Services & Duties of Employee 】
2.1 Employee shall perform all duties incident to his employment and devote his best efforts neceary to the busine of Employer. 2.2 Employee shall work exclusively for Employer and shall not engage in any busine activities in competition with Employer\'s busine.This clause shall survive and continue in full force and effect for succeive ○○○years after the termination or expiration of this Agreement for any reason whatsoever. 2.3 Employee shall not disclose any busine, financial, technical or other information of Employer of confidential nature to any other person, party or entity.This clause shall survive and continue in full force and effect for succeive ○○○years after the termination or expiration of this Agreement for any reason whatsoever. 2.4 Employee shall observe all regulations, rules, directions and instructions of Employer during the life of this Agreement.Article3【 Working time 】
3.1 Working time shall be on week days from ○○○a.m to ○○○p.m.The limit of working hours can be changed and extended by mutual agreement. 3.2 Working time can be changed by mutual agreement.Article4【 Holidays and Vacation 】
4.1 Employee shall have all local official holidays according to local labour law. 4.2 Employee shall be entitled each year to vacation of ○○○days, the period of which may be divided at Employer\'s discretion.Article5【 Probation Period 】
5.1 Employer will exercise ○○○months probation period from the first working day. 5.2 During or at the end of this probation period, Employer reserves the right to evaluate the Employee and to terminate this Agreement with prior notice and Employee also has same right to leave with prior notice.
Article6【 Compensation 】 6.1 Employer shall pay ○○○per month as monthly wage to Employee at the ○○○th day of each month for any and all services rendered by Employee.During the probationary period, unle otherwise specially agreed between the parties, Employer will pay ○○○per month as monthly wage to Employee. 6.2 Employer may pay bonus(○○○% of one month salary and applicable from Employee\'s ○○○working year) to the Employee at the end of each calendar year, but payment of the bonus will be decided entirely at the discretion of the Employer and according to Employee\'s service performance. 6.3 Retirement gratuity system will be managed according to the Social Security Law of.○○○
6.4 Any government taxes and related expenses which are required by law shall be borne by Employee and be deducted from the Employee\'s monthly salary. 6.5 Employee has no right to claim any other compensation whatsoever than those exprely described in this Agreement.Article7【 Relationship between the parties 】
The relationship between the parties is that of employer and employee.Employee is not authorized to make contracts, iue guarantees, make commitment or do any other act which will bind, obligate or render Employer liable to any person, firm or corporation in any manner without the prior written approval of Employer in each instance.Article8【 Term 】
8.1 This Agreement shall become effective on (○○Date ○○Month ○○Year) and shall thereafter continue in full force and effect for a period of ○○○year. 8.2 This Agreement will be automatically extended for succeive ○○○year unle otherwise either party gives written notice to terminate at least ○○○month prior to the expiration of the term of the Agreement.Article9【 Termination 】
9.1 This Agreement may be terminated by either party by giving ○○○month prior written notice, should the other party at any time breach any term or condition of this Agreement. 9.2 During the term of this Agreement, the Employer reserves the rights to terminate this Agreement by giving ○○○month prior written notice at any time when Employer determines that Employee has become unable to perform effectively his duties hereunder because of any physical or mental condition. 9.3 Such termination shall not affect any rights and obligations which have accrued to either party up to the date of such termination.Article10【 Damage 】
10.1 Employee shall indemnify and save harmle the Employer from any damages which the Employer may sustain, in any manner through the misconduct or negligence of Employee. 10.2 Employee shall be responsible for all compensation for any property damage or monetary lo caused by Employee and, if neceary, Employer can subtract the sum for compensation from Employee\'s compensation.Article11【 Aignment 】
This Agreement is personal in its character, and any attempt by either party to aign or transfer the same without the prior written consent of the other party shall be null and void and shall constitute a breach hereof.Article12【 Entire Agreement 】
This Agreement sets forth the entire understanding between the parties relating to the subjects contained herein and merges all prior discuions between them.No oral explanation or oral information by either party hereto shall alter the meaning or interpretation of this Agreement.No modification, alteration, addition or change in the terms hereof shall be binding on either party hereto unle reduced to writing and duly executed by an authorized officer of each party.Article13【 Settlement of Dispute and Governing Law 】
13.1 This Agreement shall be interpreted and governed by the laws of ○○○. 13.2 All disputes, controversies, or differences which may arise between the parties, out of or in relation to or in connection with this Contract, or for the breach thereof, shall be finally settled by arbitration in Seoul, Korea in accordance with the Arbitration Rules of the Korean Commercial Arbitration Board.The award rendered by the arbitrator(s) shall be final and binding upon both parties concerned.
IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement in two counterparts, each of which may be considered as original, as of the date first here above written.
Employer
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Employee
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