SUPPLEMENTARY EMPLOYMENT CONTRACT
This Contract is made on the 31st day of March 1996
Parties to the Contract:
A. Hang ▇▇▇▇ Jewellery Co. Ltd., of 302-303A, 3/F, Fu Hang Industrial
Building, ▇▇▇ ▇▇▇▇ Street East, Hunghom, Hong Kong ("Company"),
B. ▇▇. ▇▇▇ ▇▇▇ ▇▇▇▇ H.K.I.D. No. ▇▇▇▇▇▇▇(▇) ("▇▇. ▇▇▇"),
C. ▇▇▇. ▇▇▇ ▇▇▇▇ ▇▇▇ Fai, H.K.I.D. No. ▇▇▇▇▇▇▇(▇) ("▇▇. ▇▇▇▇").
Whereas pursuant to the Employment Contract between the Company and ▇▇. ▇▇▇
("Contract A") and the Employment Contract between the Company and ▇▇. ▇▇▇▇
("Contract B") both dated the 1st day of January 1994.
1. Salary of ▇▇. ▇▇▇ for the twelve months period ended 31 March 1996 being
HK$586,950.00 subject to an increment rate of 30% per annum effective on
the 1st day of January of each calendar year.
2. Salary of ▇▇. ▇▇▇▇ for the twelve months period ended 31 March 1996 being
HK$391,300.00 subject to an increment rate of 30% per annum effective on
the 1st day of January of each calendar year.
Whereas the Company agrees to continue to pay a total annual salary to ▇▇. ▇▇▇
and ▇▇. ▇▇▇▇ which shall not exceed the total amount the Company have to pay per
Contract A and Contract B.
Whereas ▇▇. ▇▇▇ and ▇▇. ▇▇▇▇ agree to continue to receive a total annual salary
from the Company which shall not be less than the total amount they are entitled
per Contract A and Contract B.
Now that in consideration of the respective responsibilities and duties of ▇▇.
▇▇▇ and ▇▇. ▇▇▇▇ has been varying from time to time, it is hereby mutually
agreed amongst the Company, ▇▇. ▇▇▇ and ▇▇. ▇▇▇▇ that:
1. Commencing on 1st of April 1996, ▇▇. ▇▇▇ and ▇▇. ▇▇▇▇ shall be allowed to
share the total amount of the annual alary which shall be payable by the
Company and receivable by ▇▇. ▇▇▇ and ▇▇. ▇▇▇▇ per the Contract A and
Contract B on the portion which is subject to review and revise from time
to time to be mutually agreed between ▇▇. ▇▇▇ and ▇▇. ▇▇▇▇.
The amount of salary as agreed between and entitled by ▇▇. ▇▇▇ and ▇▇. ▇▇▇▇
is to be HK$1,121,725.00 and HK$150,000.00 respectively for the twelve
months period ended 31 March, 1997.
2. ▇▇. ▇▇▇ and ▇▇. ▇▇▇▇ agree that they shall perform duties for the Company,
its associated companies, related companies or its assigns in Hong Kong,
and at such other place as is required.
This contract is supplementary to the Contract A and Contract B and signed and
agreed by:
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Hang ▇▇▇▇ Jewellery Co. Ltd.
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▇▇. ▇▇▇ ▇▇▇ ▇▇▇▇
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▇▇▇. ▇▇▇ Chan Yam ▇▇▇
▇▇▇▇▇/lam10-K
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