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The Lifetime Employment Contract is designed for situations requiring exceptional commitment and long-term security between employer and employee in Hong Kong. Typically used for key personnel in family businesses, senior executives, or specialized technical experts, this agreement provides comprehensive protection while ensuring compliance with Hong Kong employment law. It covers essential elements including career progression, long-term benefits, performance expectations, and succession planning. The document is particularly relevant in traditional Asian business contexts where lifetime employment relationships are valued, though it requires careful structuring to balance commitment with necessary flexibility. This contract type is especially suitable for roles where knowledge retention and loyalty are paramount to business success.

1. Parties: Identification of the employer and employee with full legal names and addresses

2. Background: Context of the lifetime employment arrangement and the basis for this unusual form of contract

3. Definitions: Key terms used throughout the agreement, including specific definitions relevant to lifetime employment

4. Term and Commitment: Specification of the lifetime nature of the employment and any qualifying conditions

5. Position and Duties: Description of the role, responsibilities, and scope for evolution of duties over time

6. Remuneration and Benefits: Base salary, bonus structures, benefits, and mechanisms for periodic review and adjustment

7. Working Hours and Location: Standard working hours, flexibility arrangements, and workplace location provisions

8. Performance Standards: Expected performance levels and review mechanisms

9. Career Development: Provisions for training, skill development, and career progression

10. Leave Entitlements: Annual, sick, and other leave entitlements including long-service provisions

11. Confidentiality and IP: Protection of company information and intellectual property rights

12. Non-Competition: Restrictions on competing activities during and after employment

13. Termination Provisions: Limited circumstances under which the lifetime employment may be terminated

14. Dispute Resolution: Procedures for resolving conflicts and disagreements

15. Governing Law: Specification of Hong Kong law as governing law and jurisdiction