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.
