Employment agreement

This Employment Agreement made on {DATE}, by and between {NAME}, a Ukrainian company, with its registered address at {ADDRESS} (the "Employer"), and {NAME}, residing at {ADDRESS} ("Employee").

In consideration of the premises and of the mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Employer and Employee agree as follows:

1. EMPLOYMENT. (a) The Employer hereby agrees to employ Employee, and Employee agrees to be employed by the Employer, on the terms and conditions herein contained as its {POSITION}. Employee shall report to {SUPERVISOR'S POSITION} and shall have such duties, authority and responsibilities commensurate with Employee's position. (b) Employee shall devote all of his business time, energy, skill and efforts to the performance of his duties hereunder and shall faithfully and diligently serve the Employer.

2. TERM OF EMPLOYMENT. (a) Except for earlier termination as provided in Section 5 hereof, Employee's employment under this Agreement (the "Employment Term") shall commence on the date hereof and continue through {DATE}. The Employment Term shall be automatically renewed unless either party gives written notice to the other at least six months prior to the expiration of the then Employment Term, of such party's intention to terminate Employee's employment hereunder at the end of the then current Employment Term.

3. COMPENSATION. (a) As compensation for his services under this Agreement, the Employer shall pay Employee a base salary (the" Base Salary") of UAH____per month. Payment of the Base Salary shall be made in equal installments twice a month. (b) In addition to the Base Salary, the Employer may pay Employee a bonus.

4. BENEFITS AND FRINGES. (a) During the Employment Term, Employee shall be entitled to such benefits and fringes, if any, as are generally provided by the law to employees, including pension, retirement, savings, welfare (including life and health insurance) and other employee benefit plans and arrangements. (b)Except as otherwise specifically provided herein, the Employee shall be responsible for the tax consequences of all benefits and fringes.

5. TERMINATION. Employee's employment under this Agreement and the Employment Term shall terminate only upon the events envisaged by the Ukrainian Code of Acts on Labor.

IN WITNESS WHEREOF, the Employer has caused this Agreement to be duly executed and Employee has hereunto set his hand as of the date first set forth above.

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Employee Employer

Ex. 1. Read the text below and explain the meaning of the underlined words or phrases.

Дата добавления: 2015-01-03