Employment Agreement Summary between Solar Enertech Corp and CFO Susan Y H Yao
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Summary
This agreement outlines the employment terms for Ms. Susan Y H Yao as Chief Financial Officer (CFO) of Solar Enertech Corp. She reports to the CEO, with employment starting May 16, 2011, and lasting until May 15, 2014, following a three-month probation. Ms. Yao receives a monthly salary of 50,000 RMB, an annual bonus, stock options, a company vehicle, lunch and cell phone allowances, and social security benefits. The contract specifies her compensation, benefits, and reporting structure.
EX-10.2 2 v231343_ex10-2.htm EXHIBIT 10.2 Unassociated Document
Exhibit 10.2
Summary of CFO’s Chinese Labor Contract
Name: Ms. Susan Y H Yao.
Position: CFO
Reporting to: CEO
Starting date: May 16, 2011
Probation period: Three months
Contract length: May 16, 2011 to May 15, 2014
Compensation: monthly salary of 50,000 RMB yuan
Bonus: approximately one month’s pay at the end of year
Incentives:
| - | Option to purchase 500,000 shares the company’s common stock; |
| - | A commute vehicle provided by the company |
| - | Lunch and cell phone expenses |
| - | Social security benefits and insurance |
| Solar Enertech Corp | Susan Y H Yao |
