Perfectenergy International Limited Salary Adjustment Letter to Jack Li

Contract Categories: Human Resources › Compensation Agreements
Summary

Perfectenergy International Limited informs Jack Li that, effective November 2010, his base salary is increased to RMB68,000 per month. For the 2011 fiscal year, he is also eligible for a discretionary, performance-based bonus tied to the company's net profits, with a guaranteed minimum of $75,000 and a maximum of $250,000. The letter is signed by the company's Chief Financial Officer, Edward Zhuang.

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EX-10.1 2 v216708_ex10-1.htm Unassociated Document
 
 
PERFECTENERGY INTERNATIONAL LIMITED
Address:     479 YouDong Road, Xinzhuang Town
                      Minhang District, Shanghai 201100
Tel:               +86 21 5488 0958
Fax:               +86 21 5488 8364
Web:             www.perfectenergy.com.cn
 
 

PERFECTENERGY INTERNATIONAL LIMITED
SALARY ADJUSTMENT LETTER

                 25 March, 2011

Dear Mr. Jack Li,

We’re pleased to inform you that with effective from November 2010, your base salary has been adjusted to RMB68,000 per month.

In addition to that, you’ll received a discretional bonus compensation arrangement for the current fiscal year of 2011, which will be a portion of performance-based bonus on the net profits realized by the Company during its current fiscal year, with a minimum guaranteed aggregate bonus payment of US$75,000 and maximum of US$250,000.

Thanks for your contribution to the Company.





/s/ Edward Zhuang                                                      
Edward Zhuang, Chief Financial Officer