Compensation and Working Hours. All employees must have contracts that comply with Chinese labour laws. Suppliers must provide each employee at least the legal minimum wage (where applicable). Wages should be paid regularly and on time. Payment should not be made from employees’ pay for disciplinary reasons or to compensate the employer for providing safer work conditions. Working time periods must not exceed the legal limit, and it should be noted, where relevant, to reflect any exceptional hazards or risks of the work being done. Employees should be properly compensated for overtime according to Chinese law and within legal working hour limits. Employees should be granted annual leave and sick leave (in accordance with Chinese law) without any repercussions and should be able to take their stipulated maternity or paternity leave (if applicable under national laws).
Compensation and Working Hours. A. The hourly rates of pay for employees covered by this Agreement are set forth in Appendix A of this contract.
Compensation and Working Hours. Suppliers must comply with applicable wage and hour labor laws and regulations governing employee compensation and working hours. Suppliers should conduct operations in ways that limit overtime to a level that ensures a humane and productive work environment. • Health and Safety: Suppliers must provide workers with a safe and healthy work environment. They should take proactive measures that support accident prevention and minimize health risk exposure. They must ensure their operations comply with all laws related to health and occupational safety. • Environment: Suppliers are expected to conduct their operations in a way that minimizes the impact on natural resources and protects the environment, customers, and employees. They must ensure their operations comply with all applicable laws related to air emissions, water discharges, toxic substances, and hazardous waste disposal. • Gifts and Gratuities: Suppliers must not offer gifts to State Seal Company employees. This includes gifts of nominal value. Although giving gifts is acceptable in some cultures, State Seal requests that suppliers respect its policy of not accepting gifts.
Compensation and Working Hours. In view of the responsibilities entrusted to her, which involve a high degree of independence in the organization of her schedule, her authorization to make independent decisions, and her remuneration, which is among the highest in the Company, Xxxxxxxx Xxxxxxxx qualifies as a senior executive as defined by the French Labor Code. As a result, Xxxxxxxx Xxxxxxxx is not subject to the legal and collective bargaining rules governing working hours, and in particular is not required to keep a record of her working hours (Article L.3111-2 of the French Labor Code). Xxxxxxxx Xxxxxxxx receives flat-rate compensation for her work, on the understanding that there is no link between the amount of this compensation and actual working hours. This annual compensation consists of the following elements: • A fixed portion amounting to 295,000 euros gross per year, payable in twelve equal monthly installments. • A variable portion equivalent to 40% of her gross annual base salary. This payment will be conditional on the achievement of individual and collective annual targets, in accordance with the Company’s own terms and conditions. It has also been agreed to grant her, as part of the collective share allocation plan taking place at the end of November 2023, subject to approval by the Board of Directors on November 20, 2023: 113,000 stock options and 19,000 free shares subject to an attendance requirement, as defined in the detailed plan regulations, which Xxxxxxxx Xxxxxxxx will receive following approval.
Compensation and Working Hours. 3.1. In consideration for the performance of his duties, the Employee shall be entitled to the compensation set forth in Exhibit A attached hereto.
