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Title: |
Employment Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
Preview shows 5KB of 37KB total |
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Price: |
$35 |
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ID: |
#2285854 |
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EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT is made and entered into this 31st day of July, 2006
by and between Kiwa Bio-tech Products Group Corp., a Delaware corporation having
its principal place of business at 415 West Foothill Blvd, Suite 206 Claremont,
California 91711-2766 and Luo Lian Jun, an individual, whose address is Room
1041, Hui Zhong Li Xiao Qu, Chaoyang District, Beijing, China, ("Executive"),
with reference to the following facts:
R E C I T A L S
WHEREAS, Company is primarily engaged in the business of developing,
manufacturing, distributing and marketing innovative, cost-effective and
environmentally safe bio-technological products for the agricultural,
stockbreeding, natural resources and environmental protection markets, primarily
in China; and
WHEREAS, Company entered into an employment agreement with Executive with a
three-year term commencing October 10, 2002, and Company desires to employ
Executive and to ensure the continued availability to Company of Executive's
services, and Executive desires to accept such employment from Company and
render such services, all in accordance with and subject to the terms and
conditions herein set forth;
NOW, THEREFORE, in consideration of the promises and of the mutual covenants
contained herein, and for other good and valuable consideration, receipt of
which is hereby acknowledged, Company and Executive do hereby agree as follows:
A G R E E M E N T
1. TERM OF EMPLOYMENT.
1.01. SPECIFIED TERM. Company employs Executive, and Executive accepts
employment with Company, for a period of 3 years beginning on January 1, 2006,
and ending on December 31, 2008.
1.02. EARLIER TERMINATION. This Agreement may be terminated earlier as
hereinafter provided.
1.03. CONTINUING EFFECT. Notwithstanding any termination of this
Agreement except for termination under Section 9.02, at the end of the Term or
otherwise, the provisions of Sections 10 and 11 shall remain in full force and
effect and the provisions of Section 11 shall be binding upon the legal
representatives, successors and assigns of the Executive.
1 of 12
Kiwa Bio-tech
Employment Agreement
Chief Financial Officer
{PAGE}
2. DUTIES AND OBLIGATIONS OF EXECUTIVE.
2.01. TITLE AND DESCRIPTION OF DUTIES. Executive shall serve as the
Chief Financial Officer of Kiwa Bio-tech Products Group, Corp. In that capacity,
Executive shall do and perform all services, acts, or things necessary or
advisable to fulfill the duties of a Chief Financial Officer. However, Executive
shall at all times be subject to the direction of the Chief Executive Officer
("CEO"), and to the policies established by the Company's Board of Directors.
2.02. LOYAL AND CONSCIENTIOUS PERFORMANCE OF DUTIES. Executive agrees
that to the best of his ability and experience he will at all times loyally and
conscientiously perform all of the duties and obligations required of him either
expressly or implicitly by the terms of this Agreement.
2.03. DEVOTION OF ENTIRE TIME TO COMPANY'S BUSINESS.
(a) Executive shall devote his entire productive time, ability,
and attention to the business of Company during the term of this Agreement.
(b) During the term of this Agreement, Executive shall not engage
in any other business duties or pursuits whatsoever. Furthermore, during the
term of this Agreement, Executive shall not, whether directly or indirectly,
render any services of a commercial, or professional nature to any other person
or organization, whether for compensation or otherwise, without the prior
written consent of Company's President. However, the expenditure of reasonable
amounts of time for educational, charitable, or professional activities shall
not be deemed a breach of this Agreement if those activities do not materially
interfere with the services required under this Agreement.
(c) This Agreement shall not be interpreted to prohibit Executive
from making passive personal investments or conducting private business affairs
if those activities do not materially interfere with the services required under
this Agreement. However, Executive shall not, directly or indirectly, acquire,
hold, or retain any interest in any business competing with or similar in nature
to the business of Company.
2.04. LOCATION OF OFFICE. Executive's principal business office shall
be at Company's corporate headquarters and representative office in Beijing.
However, Executive's job responsibilities shall include all business travel
necessary to the performance of his job.
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