8/8/2019 POWER HOLDINGS COMPANY 0F NIGERIA CONTRACT
AGREEMENT
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TERMS OF AGREEMENT THIS AGREEMENT made and entered on the
24thday of May 2007,by and between POWER HOLDINGS COMPANY of
NIGERIA,hereinafter PHCN and Applicant.
WHEREAS, Applicant is prepared to enter into an employment
agreement with PHCN
and give PHCN the assurance it desires, and PHCN is of desirous
obtaining the servicesof Applicant as an employee;
NOW THEREFORE, in consideration of the premises and mutual
agreements hereinafter
set forth, the parties hereto agree as follows;
1. PHCN agrees to, and hereby does employ Applicant asElectrical
Safety Engineer, andApplicant accepts said employment and agrees,
during the term hereof, to dischargefaithfully, diligently and to
the best of his or her ability, the responsibilities
ofElectrical
Safety Engineerand to perform such substitutive or additional
duties as PHCN mayrequest from time to time. Such services maybe
performed in whole or in part at the
discretion ofPHCN.
2. During the period commencing on the 30th July 2007, and
unless sooner terminated as
provided herein, continuing through Applicant will serve as a
regular employee on a full-time basis, subject to the other
provisions and conditions of this Agreement.
3. As compensation and consideration for such performance of
such services and the
observance of all the provisions of this Agreement, PHCN agrees
to pay Employee, andEmployee agrees to accept the following amount
and benefits;
8/8/2019 POWER HOLDINGS COMPANY 0F NIGERIA CONTRACT
AGREEMENT
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a) Salary at the rate of US$18,920.00 (Eighteen Thousand Nine
hundred and Twenty UnitedStates Dollars) per month, such salary
increases and such other and further benefits as
PHCN may designate.
b) A bonus to be established by PHCN, which will be based upon
the meeting of sales
quotas to be set from time to time. PHCN shall reimburse
Employee for all ordinary andnecessary expenses which have been
approved in advance by PHCN.
This Agreement embodies the entire understanding of the
partieshereto and any prior representation or arrangements are
herebysuperseded.
ATTESTATION AS WITNESS, the hands of the duly authorized
representatives ofthe parties, the day and year first above
written;
S IGN BY:
D R. MUSA MOHAMMED
HR DEPT MANAGER
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