Summary of CFOs Chinese Labor Contract

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