Employment Agreement between Wide Broad Group Limited and Liu Ruisheng (CEO & Chairman)
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Summary
Wide Broad Group Limited has entered into a two-year employment contract with Liu Ruisheng, appointing him as Chief Executive Officer and Chairman effective July 1, 2009. Mr. Liu is responsible for acting in the best interests of the company and fulfilling CEO and Chairman duties. He will receive an annual salary of HKD 1,300,000, paid over 13 months, with the final installment paid alongside the last month's salary. The agreement includes a termination clause that may affect the contract period.
EX-10.7 12 ex10_7.htm EXHIBIT 10.7 ex10_7.htm
Employment Contract of Liu Ruisheng
Employer: Wide Broad Group Limited Employee: Liu Ruisheng
Position: Chief Executive Officer and Chairman
Job Duty: implement and take the responsibility as a “CEO & Chairman” of the company, act as
the best interest of the group company.
Effective Period: Under the rule of No.7 termination clause, the employment contract period will be 2 years and the effective date will be July 1st, 2009.
Remuneration: HKD$1,300,000/year, it will be installed within 13 months and paid in the last day of each month. The 13th’s salary will be paid with last month.
