Yearly Contract Employment Template for Hong Kong

1. Probation Period: Details of probationary period and conditions, typically used for new employees

2. Commission Structure: For sales or performance-based roles where commission is part of compensation

3. Bonus Arrangements: For positions eligible for discretionary or performance bonuses

4. Stock Options: For senior positions or when equity compensation is offered

5. Non-Competition: For senior positions or roles with access to sensitive information

6. Intellectual Property: For creative, technical, or R&D positions where IP creation is expected

7. Overseas Travel: For positions requiring regular international travel

8. Flexible Working: For positions with hybrid or remote working arrangements

9. Garden Leave: For senior positions where a cooling-off period may be required

1. Schedule 1 - Job Description: Detailed breakdown of job responsibilities and requirements

2. Schedule 2 - Compensation Details: Detailed breakdown of salary components and benefits

3. Schedule 3 - Company Policies: Key company policies that form part of the employment terms

4. Schedule 4 - Code of Conduct: Expected standards of professional behavior and ethics

5. Appendix A - Mandatory Benefits: Details of statutory benefits and company-specific additions

6. Appendix B - Leave Policy: Detailed leave entitlements and application procedures

7. Appendix C - Expense Policy: Guidelines for business expense claims and reimbursement