Perfectenergy International Limited Salary Adjustment Letter to Jack Li

Contract Categories: Human Resources › Compensation Agreements
Summary

Perfectenergy International Limited has notified Jack Li that, effective November 2009, his base salary is increased to RMB63,600 per month. Additionally, for the fiscal year ending October 31, 2010, he is eligible for a discretionary bonus based on a share of 10% of the company's net profits, with a guaranteed minimum bonus of US$75,000. This letter outlines the new compensation terms and acknowledges his contributions to the company.

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EX-10.1 2 v180734_ex10-1.htm Unassociated Document
 
 
 
 

 
PERFECTENERGY INTERNATIONAL LIMITED
SALARY ADJUSTMENT LETTER
 
April 7, 2010
Dear Mr. Jack Li,
 
We’re pleased to inform you that with effective from November 2009, your base salary has been adjusted to RMB63,600 per month.

In addition to that, you’ll received a discretional bonus compensation arrangement for the current fiscal year, which ends October 31, 2010, which will be a portion of an aggregate 10% of any net profits realized by the Company during its current fiscal year, with a minimum guaranteed aggregate bonus payment of US$75,000.

Thanks for your contribution to the Company.