¶¶Òõ¶ÌÊÓƵ

The Executive Employment Agreement is a crucial legal document used when hiring senior-level executives in Hong Kong. It is specifically designed to protect both the employer's interests and the executive's rights while ensuring compliance with Hong Kong employment law, including the Employment Ordinance (Cap. 57) and related legislation. This agreement is typically used for C-suite executives, managing directors, and other senior management positions where the role involves significant responsibility, access to confidential information, and strategic decision-making power. The document includes detailed provisions for compensation packages, performance expectations, protective covenants, and termination conditions, reflecting the sophisticated nature of executive employment relationships in Hong Kong's business environment.

1. Parties: Identification of the employer company and the executive employee

2. Background: Brief context of the employment relationship and appointment

3. Definitions: Key terms used throughout the agreement including Company, Group, Confidential Information, etc.

4. Appointment and Term: Position title, capacity, and duration (fixed term or ongoing)

5. Duties and Responsibilities: Key responsibilities, reporting lines, and performance expectations

6. Place of Work: Primary work location and travel requirements

7. Remuneration: Base salary, review mechanisms, and payment arrangements

8. Benefits: Standard benefits including MPF, medical insurance, and other allowances

9. Bonus and Incentives: Performance bonus, commission structures, and long-term incentives

10. Hours of Work: Working hours expectations and flexibility provisions

11. Leave Entitlements: Annual leave, sick leave, and other leave provisions

12. Confidentiality: Protection of company confidential information

13. Intellectual Property: Ownership and protection of IP created during employment

14. Restrictive Covenants: Non-compete, non-solicitation, and other post-employment restrictions

15. Termination: Notice periods and grounds for termination

16. Garden Leave: Company's right to place executive on garden leave

17. Return of Property: Obligations regarding company property upon termination

18. Governing Law: Hong Kong law as governing law and jurisdiction

19. General Provisions: Standard boilerplate clauses including entire agreement, amendments, etc.