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Document Preview Executive Employment Agreement |
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Title: |
Executive Employment Agreement |
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Date: |
2005 |
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Preview shows 9KB of 41KB total |
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Price: |
$35 |
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ID: |
#1361453 |
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BAIDU.COM, INC.
EXECUTIVE EMPLOYMENT AGREEMENT
This EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement), entered into as of , 2004 by and between Baidu.com, Inc., a limited company organized under the laws of the Cayman Islands (the Company) and (the Executive) (collectively, the Parties).
RECITALS
A. The Company desires to employ the Executive as of the Company and to assure itself of the services of the Executive for the Period of Employment (as defined below).
B. The Executive desires to be employed by the Company as of the Company for the Period of Employment and upon the terms and conditions of this Agreement.
AGREEMENT
ACCORDINGLY, the Parties agree as follows:
1. Term of Employment. The Company shall employ the Executive to render services to the Company in the position and with the duties and responsibilities described in Section 2 for a period of two (2) years starting from the date of this Agreement (the Period of Employment), unless the Period of Employment is terminated sooner in accordance with Sections 4 or 5 below.
2. Position, Duties, Responsibilities.
2.1 Position. The Executive shall render services to the Company in the position of Vice President of Engineering and shall perform all services appropriate to that position having similar nature with positions in companies of similar operational and financial conditions in similar industries as well as such other services as may reasonably be assigned by the Company, including serving as the of Baidu Online Network Technology (Beijing) Co., Ltd. (
), a wholly owned subsidiary of the Company established in the Peoples Republic of China (the PRC). The Executives principal place of employment shall be Beijing, China. The Executive shall devote his best efforts and full-time attention to the performance of his duties. The Executive shall report to the board of directors of the Company.
2.2 Other Activities. Except upon the prior written consent of the board of directors of the Company, the Executive shall not (i) accept any other employment (except for academic employment, position in industrial or professional associations, non-executive director of other companies which do not compete with the Companys business provided that
1
Exhibit 10.4
such other companies purchase director liability insurance), or (ii) engage, invest or assist, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is or may be in conflict with, or that might place the Executive in a conflicting position to that of the Company.
2.3 Execution of Labor Contract. The Executive shall execute a written labor contract (the Labor Contract), in the form attached as Exhibit A, with Baidu Online Network Technology (Beijing) Co., Ltd. (
) in accordance with the laws and regulations of the PRC and as requested by the Company.
3. Compensation and Holiday. In consideration of the services to be rendered under this Agreement, the Executive shall be entitled to the following:
3.1 Base Salary. The Company shall pay the Executive a Base Salary of RMB per month, subject to adjustment in accordance with Section 3.2 below.
3.2 Salary Adjustment. The Executives Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees.
3.3 Benefits. The Executive shall be eligible to participate in the benefits (including but not limited to insurance) made generally available by the Company to similarly-situated executives, in accordance with the benefit plans established by the Company, and as may be amended from time to time in the Companys sole discretion. The Executive shall also be entitled to any mandatory benefits or welfare (including without limited to the housing public fund (
)) applicable under the laws of the PRC.
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