Tuesday, July 31, 2007

Service Term

Service Term means the term the Employee promises to work for the Employer in case the Employee receives special treatment from the Employer.

If the Employer provides training for the Employee at its own cost, the Employer can enter into agreement with the Employee and have a service term in such agreement.

In the event the Employee violates the service term, he shall pay penalty to the Employer, which shall not be more than the training expense. Furthermore, the penalty the Employer requires the Employee to pay shall not exceed the part of training expense which is the rest of the training expense according to the term left.

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