This agreement is made and entered into by and between [Name] (hereinafter Employer), and [Name] (hereinafter Employee), with the following terms and conditions:


INTRODUCTION
The purpose of this agreement is to determine the terms of employment The direct superior of the employee is the [Direct superior].


PLACE OF WORK
The employee shall carry out its duties in different locations. The primary location of carrying out duties shall be the principal office of the Employer, …as may be designated from time to time. or any other place as may be designated by the Employer.


TERM OF EMPLOYMENT
This agreement shall commence on [Commencement date] and remain in effect for indefinite period of time. in compliance with the currently effective Hungarian laws.


COMPENSATION
The monthly gross base salary of the Employee shall be 4,000 EUR …. payable on the first working day of each month The salary shall be reviewed annually In compliance with the wages policy of the Employer Any increase in the salary shall be subject to Employee’s performance the Employee shall be entitled to bonus In addition to the monthly salary, the rules of which is regulated by the currently effective Bonus Policy The contributions shall be withheld from the wages of the Employee


COMPANY CAR
The Employer agrees to provide a company car for business purposes. The make and the type of the car shall be determined in the sole discretion of the Employer. The registered owner of the car shall be the employee. No unauthorised person may drive the company car. The Employee shall be responsible for the proper and regular maintenance of the car. The Employee shall comply with the "Car Policy" of the Employer. … which is attached hereto by reference.


REPRESENTATIONS
The Employee hereby represents not to be employed by any third party nor to have any contract for the performance of services with any other third party.


CONFLICT OF INTEREST
The Employee undertakes not to participate or acquire a stake, in any business either directly or indirectly which is a competitor or supplier of Employer. during the term of its employment at Employer With the exception of shares in publicly traded companies


CONFIDENTIALITY
For the purposes of this Contract confidential information shall include all research findings, formulas, production methods, marketing plans and financial agreements. The confidentiality obligation shall survive the termination of the employment.


COMPANY CAR
The Employer agrees to provide a company car for business purposes. The make and the type of the car shall be determined in the sole discretion of the Employer. The registered owner of the car shall be the employee. No unauthorised person may drive the company car. The Employee shall be responsible for the proper and regular maintenance of the car. The Employee shall comply with the "Car Policy" of the Employer. … which is attached hereto by reference.


TERMINATION
The employment may be terminated upon the mutual consent of the parties. This agreement may be terminated without cause by either party upon thirty days written notice. Upon the termination of the employment, Employer shall pay severance pay amounting to six months’ salary. Employer may terminate the employment with immediate effect if Employee should wilfully or materially breach his duties, with special regard to the provisions for confidentiality and/or competition. Upon the termination of the employment, Employer shall deliver to Employee all his documents related to the Employment and pay amounts then due.


TERMINATION OF THE EMPLOYMENT
Either party may terminate this employment with 30 days prior written notice without cause The thirty days’ notice period shall be extended by 5 days after three years of employment at the Employer. The Employer may terminate the employment for cause if the Employee wilfully violates its obligation arising from the employment.


TERMINATION WITHOUT CAUSE
This agreement may be terminated without cause by either party upon [Days] days written notice. If the employment, is terminated by the Employer, the notice period shall be extended by the period specified by Section (2) of Article 69 of the Labour Code. In this case, reasons for termination may only be related to the Employee's skills, conduct and the Employer's business activity. The Parties confirm that the employment is fiduciary by nature, therefore, it is indispensable to maintain trust between the Parties. Employee represents to be aware of the fact that his conduct as private person may give rise to the termination of employment. with special regard to his work or conduct not in consistence with the reputation of the company. Either party may terminate the employment with immediate effect, if the other party willfully or materially breaches his duties arising from the employment conducts in a way that compromises or impairs the business interest of Employer breaches the provisions of the confidentiality agreement, which forms a part hereof violates the provisions of the policies and directives of the company does not comply with the company's dress code or the rules of conduct or his conduct otherwise makes further employment impossible.


DOCUMENTS AND PROPERTIES
The Employee shall return, upon the request of the Employer, Any and all documents including confidential information And all property items which constitutes the property of the Employer