SNAS
Employees Guarantee
Types Description
Guarantee of liquidated damages under employee’s confidentiality agreement A warrantee is an employee of a beneficiary. If the employee violates the confidentiality agreement within the valid period stated in the uninterrupted employment agreement, our company will pay the beneficiary a liquidated damages as the compensation for losses suffered by the beneficiary. We will bear the liability for compensation within the maximum guarantee limit.
Guarantee of losses of employee’s competitive restriction A warrantee is an employee of a beneficiary. If the employee, within 1 year after he/she terminates or dissolves labour contract, i) holds a position in any employer that manufactures the same product; ii) runs the same business; or iii) is employed in a company, in competition with his/her former company, and under the circumstances that the beneficiary has paid the warrantee economic compensation for competitive restriction as agreed in the contract, our company, pursuant to the agreement of competitive restriction signed between the warrantee and the beneficiary, our Company will pay the beneficiary for the direct economic loss other than the liquidated damages. We will bear the liability for compensation within the maximum guarantee limit.
Guarantee of liquidated damages of employee’s competitive restriction A warrantee is an employee of a beneficiary. If the employee, within 1 year after he/she terminates or dissolves labour contract, i) holds a position in any employer that manufactures the same product; ii) runs the same business; or iii) is employed in a company, in competition with his/ her former company, and under the circumstances that the beneficiary has paid the warrantee economic compensation of competitive restriction as agreed in the contract, our company will pay the beneficiary a liquidated damages as the compensation for losses suffered by the beneficiary. We will bear the liability for compensation within the maximum guarantee limit.
Guarantee of losses of employee’s information disclosure A warrantee is an employee of a beneficiary. If the employee, within the valid period stated in the uninterrupted employment agreement, violates the confidentiality agreement signed by both parties and discloses the trade secret of the beneficiary, causing the direct economic loss suffered by the beneficiary. We will bear the liability for compensation within the limitation of maximum guarantee amount.
Employee credit guarantee (1) A warrantee is an employee of a beneficiary. If the employee, within the valid period stated in the uninterrupted employment agreement, subjectively and maliciously infringes the beneficiary’s property, causing the beneficiary actual loss of property. We will bear the liability for compensation within the limitation of maximum guarantee amount. (2) A warrantee is an employee of a beneficiary. If the employee, within the valid period stated in the uninterrupted employment agreement, leaves his/her post or unilaterally terminates the employment contract, our company will bear the loss for the expenses on the beneficiary’s recruitment and training.
Employee behavior guarantee (1) A warrantee is an employee of a beneficiary. If the employee, within the valid period stated in the uninterrupted employment agreement, subjectively and unilaterally terminates the employment contract, making the beneficiary suffered direct economic loss arising from the employee’s unfinished work; our company will bear the liability for compensation within the limitation of maximum guarantee amount. (2) A warrantee is an employee of a beneficiary. If the employee, within the valid period stated in the uninterrupted employment agreement, unilaterally terminates the employment contract, our company will bear the loss and expenses incurred from the beneficiary’s recruitment and training of the warantee.

 

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