Perfectenergy International Limited Salary Adjustment Letter to Edward Zhuang

Contract Categories: Human Resources › Compensation Agreements
Summary

Perfectenergy International Limited informs Edward Zhuang that, effective November 2009, his base salary is increased to RMB 53,000 per month. He is also eligible for a discretionary bonus for the fiscal year ending October 31, 2010, which will be a share of 10% of the company's net profits, with a guaranteed minimum bonus of US$75,000. The letter thanks Mr. Zhuang for his contributions to the company.

Read More Arrow
EX-10.2 6 v180734_ex10-2.htm Unassociated Document
 
 
 
 

PERFECTENERGY INTERNATIONAL LIMITED
SALARY ADJUSTMENT LETTER

 April 7, 2010
 
Dear Mr. Edward Zhuang,
 
We’re pleased to inform you that with effective from November 2009, your base salary has been adjusted to RMB53,000 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.