Common use of Job Position Clause in Contracts

Job Position. Article 2 In the employ of Party A, Party B shall work as a [insert name of the position to be taken by Party B] at Department of Party A as required by Party A’s work allocation. During the Term, Party B agrees to accept any department or job reassignment as demanded by Party A and the corresponding adjustment to Party B’s compensation. Where Party B considers that he/she is unable to adapt him/herself to the new job to which he/she is so reassigned, he/she may preterminate this Contract, which shall not constitute a default of Party B hereunder. In the event that Party A intends to reassign Party B to another position, it shall notify Party B thereof in writing one month in advance. Article 3 Party B shall complete in a timely fashion and in compliance with Party A’s requirement each task assigned to him/her by Party A within the time limit set by Party A. Party B shall complete the specified workload at the required quality standard in accordance with Party A’s job performance review requirements. Article 4 Party A implements a five-day a week working hour schedule, under which, the normal working hours shall be 8 hours a day and no more than 40 hours a week. Party A shall ensure that Party B will enjoy a two-day’s weekend each week. Where it is necessary for Party B to do overtime work over the statutory weekend, Party A and Party B agree that in consideration of the time spent by Party B on overtime work, Party B may take time off in lieu during the Term either on an accumulated or individual basis. Article 5 Party B shall be entitled to statutory public holidays and weekends. Article 6 Party A shall comply with the laws and regulations in relation to labor protection and provide Party B with a safe and sanitary work environment. Party A shall provide Party B with necessary labor protection articles if required by relevant provisions of the competent governmental authority of the People’s Republic of China (the “PRC” or “China”) based on the nature of the job performed by Party B. During the Term, Party A shall provide Party B with education and training on professional ethics, skills, rules and regulations, and Party B shall proactively attend the same.

Appears in 2 contracts

Sources: Investor Rights Agreement (China Rapid Finance LTD), Investor Rights Agreement (China Rapid Finance LTD)