THIS AGREEMENT is made the 6th day of June 2019
AIR LEASE CORPORATION HONG KONG LIMITED whose registered office is at Air Lease Corporation Hong Kong Limited, Room 702, 7/F Fu Fai Commercial Centre 27 Hillier Street, Sheung Wan, Hong Kong (the Company) and
JIE CHEN of Suite 25, 18/F Four Seasons Place Hong Kong, 8 Finance Street, Central, Hong Kong (the Employee).
IT IS AGREED that the Company shall employ the Employee on the following terms and conditions:
Subject to the approval of a work visa from the Hong Kong Immigration Department, the employment under this Agreement shall start on July 1, 2019 (or a later date as agreed by the parties), which shall also be the date from which the Employees period of continuous employment shall be calculated subject to the provisions below. Subject to the terms in paragraph 2 below, the employment shall be for an indefinite period and shall continue until either party terminates this Agreement by giving the other party not less than two months prior written notice or payment of wages in lieu of two months prior written notice.
The Employee shall serve as a Director and the President of the Company and perform the duties as set out in Schedule 1 to this agreement, or such other capacity as the Board or the Supervisor (as defined below) may determine from time to time. The Employee shall at all times comply with the lawful and reasonable directions of the Supervisor, the Company and the Board.
The Employees normal place of work while in Hong Kong shall be the Companys office or such other place the Company or any Associated Company may reasonably determine from time to time within Hong Kong. The Employee will be required to travel outside of Hong Kong from time to time.
The Employee shall familiarise himself, and comply, with all policies, procedures, rules or codes of conduct in force from time to time, including those with respect to confidentiality and intellectual property, which the Company shall reasonably determine are necessary for the proper functioning of its business, and at all times conduct himself in accordance with those rules or codes of conduct in addition to his fiduciary and common law duties.
The Employee shall report to the Board and the Supervisor immediately upon becoming aware of: (i) his own wrongdoing and any wrongdoing or proposed wrongdoing of any other employee, director or contractor of the Company or other person performing services on behalf of the Company which might materially damage the interests of the Company (or any Associated Company); and (ii) any allegations of impropriety made against him made by a third party.
President, Air Lease Corporation Hong Kong Limited
Supervisor Board of Directors and the Executive Chairman of the Board of and the Chief Executive Officer and President of ALC.
The Employee is responsible for leading Air Lease Corporation Hong Kong Limiteds and Air Lease Corporation Hong Kong Leasing Limiteds business, which includes sales and marketing efforts in Asia and the development and execution of the long-term strategy in the region. The position involves the growth of the business in Asia and requires leadership in developing new and existing markets in China, Hong Kong, Indonesia, Japan, Macau, Malaysia, Mongolia, Myanmar, Thailand, Taiwan and Vietnam.
These duties are subject to change.