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Guaranteed Employment Contract

Guaranteed Employment Contract Template for Hong Kong

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Key Requirements PROMPT example:

Guaranteed Employment Contract

"I need a Guaranteed Employment Contract for a Chief Investment Officer position in our Hong Kong asset management firm, with a three-year guaranteed period starting March 1, 2025, including provisions for international travel and guaranteed annual bonus structure."

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Document background
The Guaranteed Employment Contract is designed for situations where an employer wishes to secure the services of valuable employees for a defined period in Hong Kong. This type of contract is particularly relevant when hiring senior executives, specialized professionals, or during corporate restructuring where retention of key personnel is crucial. The document provides comprehensive coverage of employment terms, including guaranteed duration of employment, compensation packages, performance expectations, and protection mechanisms for both parties. It ensures compliance with Hong Kong employment law while offering enhanced job security for the employee and commitment to the employer. The contract typically includes more detailed provisions than standard employment agreements, particularly regarding termination rights, guaranteed bonuses, and performance metrics.
Suggested Sections

1. Parties: Identification of the employer and employee, including full legal names and addresses

2. Background: Context of the employment relationship and purpose of the guaranteed contract

3. Definitions: Definition of key terms used throughout the contract

4. Appointment and Term: Details of the position, guaranteed period of employment, and commencement date

5. Duties and Responsibilities: Description of the employee's role, responsibilities, and reporting relationships

6. Place of Work: Primary work location and any flexibility arrangements

7. Compensation and Benefits: Base salary, guaranteed bonuses, and other monetary benefits

8. Working Hours: Standard working hours, overtime arrangements, and rest periods

9. Leave Entitlements: Annual leave, sick leave, and other statutory leave entitlements

10. Termination Provisions: Circumstances under which the contract may be terminated and associated procedures

11. Post-Termination Obligations: Confidentiality, return of property, and other post-employment obligations

12. Governing Law: Specification of Hong Kong law as governing law and jurisdiction

13. Entire Agreement: Standard clause confirming the contract represents the entire agreement between parties

Optional Sections

1. Probationary Period: Optional section for including a probationary period, if applicable despite guaranteed nature

2. Mobility Clause: Required if the employee may need to work in different locations or travel

3. Non-Competition: Restrictions on working for competitors after employment ends

4. Intellectual Property: Required for roles involving creation of IP or creative work

5. Commission Structure: For sales or performance-based roles with commission components

6. Housing Benefits: For contracts including accommodation or housing allowances

7. Education Benefits: For contracts including education allowances or requirements

8. Performance Metrics: Specific KPIs or performance measures, if part of guaranteed terms

Suggested Schedules

1. Schedule 1 - Job Description: Detailed description of roles, responsibilities, and requirements

2. Schedule 2 - Compensation Details: Breakdown of salary components, bonus structure, and payment terms

3. Schedule 3 - Benefits Package: Detailed description of all benefits, allowances, and entitlements

4. Schedule 4 - Company Policies: Key company policies that form part of the employment terms

5. Schedule 5 - Performance Criteria: Detailed performance expectations and measurement criteria

6. Appendix A - Statutory Benefits: Summary of statutory benefits under Hong Kong law

7. Appendix B - Confidential Information: Definition and examples of confidential information

8. Appendix C - Reporting Structure: Organizational chart showing reporting relationships

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































Clauses










































Relevant Industries

Financial Services

Banking

Technology

Professional Services

Management Consulting

Investment Management

Legal Services

Healthcare

Education

Real Estate

Insurance

Telecommunications

Relevant Teams

Human Resources

Legal

Executive Management

Finance

Operations

Information Technology

Sales

Research and Development

Investment

Risk Management

Compliance

Strategy

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Managing Director

Executive Director

Senior Vice President

Department Head

Regional Manager

Senior Partner

Principal Consultant

Lead Engineer

Head of Sales

Chief Investment Officer

Senior Portfolio Manager

General Counsel

Head of Human Resources

Chief Operating Officer

Head of Research

Senior Specialist

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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