Social Insurance and Housing Fund Contribution. As soon as practicable after the Closing, and in any event no later than the date that is approved by the Board or required by the relevant Governmental Authority, the Domestic Company and the WFOE shall, and the Seller Parties shall cause the Domestic Company and the WFOE to, make supplemental payment of social insurance and housing fund based on each employee’s actual salary if so required by the applicable Governmental Authority. The Seller Parties shall procure each of the WFOE and the Domestic Companies to contribute social insurance and housing fund for all their respective employees in full compliance with applicable PRC national and local Laws.
Appears in 4 contracts
Samples: Series D Preferred Share Purchase Agreement (Itui International Inc.), Series D Preferred Share Purchase Agreement (Itui International Inc.), Series D Preferred Share Purchase Agreement (Itui International Inc.)
