EMPLOYMENT CONTRACT

_______________________________________________________________________________
, registry code, address (hereinafter: the employer) and, personal identification code , address (hereinafter: the employee), entered the employment contract (hereinafter the
contract) as follows:
1. Term of contract
1.1. The employee takes/took up employment on ______.
1.2. The contract is entered into for a specified term till ______. The contract may be prolonged automatically and altered as permanent after the deadline
______________.
1.3. A probationary period of four months is not applied to the employee.
2. Job content and responsibilities
2.1. The employee is employed as Chief executive.
2.2. The main duties of the employee are management, strategy, and vision of the company, contracting new clients and making new partnerships, marketing, implementation
of budget and planning, fundraising if needed, operating business, acting in any benefit for the company growth and development within current Estonian corporate legislation.
2.3.
The place where the employee works is Tallinn, Estonia.
2.4. The employee shall perform his duties with the necessary diligence arising from the work.
2.5. The employee shall follow the law and other legislation, the rules of work organisation established by the employer, and pay particular attention to and take extra care of
complying with the employer’s rules and requirements regarding occupational health and safety.
3. Working time
3.1. The employee works part-time up to 40 hours per week.
3.2. The duration of working time is up to 8 (eight) hours a day and up to 40 (forty hours) a week / during a period of seven days.
3.3. Working day lasts from 09:00 to 18:00.
3.4. Lunch break is one hour between 12:00 and 14:00.
4. Remuneration
4.1 The remuneration of the employee is ___________EUR [_________] euros gross in a calendar month.
4.2 The employer withholds and pays legal taxes and makes payments, i.e., income tax, social tax, unemployment insurance premiums and the contribution to a mandatory
funded pension, from the remuneration in the applicable amount.
4.3. The employer pays remuneration to the bank account which the employee has indicated to the employer by every 10th day of the calendar month, which the parties refer to
as a payday.
4.4. In case the employee exceeds the agreed limits of costs that are made in connection with performing his duties at the expense of the employer, the sums exceeding the limits
shall be set-off against the employee’s remuneration.
4.5. Taxes on the gross remuneration will include employer computations, employee deductions and tax-free income basic exemption, calculated on top of the net amount:
- social tax 33%,
- unemployment insurance (employer) 0.8%
- unemployment insurance (employee) 1.6%,
- funded 2nd pension pillar (employee) 2%,
- personal income tax (employee) 20%,
- tax-free income (basic exemption) ___________ EUR.
5. Holiday
5.1. The duration of the annual holiday of the employee is 28 calendar days in a calendar year.
5.2. The time of the employee’s holiday is specified in the holiday schedule drawn up by the employer.
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5.3. The employer shall pay the holiday pay together with the remuneration on the first remuneration payday after the holiday by 10 day. To clarify, the holiday pay shall not
be paid before the start of the holiday.
6. Intellectual property
6.1. Economic rights to all works within the meaning of the Copyright Act, including computer programmes and databases, and sui generis rights to databases (the works) that
have been produced or created by the employee after starting to work for the employer (including in case it actually started before signing the contract) either: (i) in the course of
performing the duties or in relation thereto; (ii) during the working hours; or (iii) while using the work equipment or knowhow of the employer or other tangible or intangible
assets of the employer (in the course of performing Duties), the works shall be deemed as assigned to the employer by the employee without any additional procedures from
the moment of their creation until the termination of the legal protection of such works pursuant to law.
6.2. The employee hereby grants an exclusive licence to the employer for exercising all the moral rights of the author regarding the works created while performing Duties. The
exclusive licence is granted with the right to grant sub-licences, and it shall be valid until the expiry of the term of validity of the moral rights of an author as provided by law,
and the employee shall have no bases for extraordinary cancellation or other revocation of the exclusive licence.
6.3. Regarding any inventions, layout-designs of integrated circuits and industrial designs or other objects of intellectual property produced or created in the course of Duties
(objects of industrial property), the parties have hereby agreed that the employee grants the employer the right to apply for protection of the aforesaid objects of industrial
property, and to become the full proprietor of a patent, layout-design of integrated circuit, industrial design, or other intellectual property.
6.4. The employer will be entitled to use the rights assigned to him or transferred to him under the licence under this contract at his own discretion without any time-related,
territorial, or other restrictions, and the employer will be entitled to transfer these rights to third persons without asking a separate permission of the employee for this purpose.
6.5. The employee hereby grants his consent to the employer for his inclusion in the group of authors upon creation of works and objects of industrial property while performing
Duties. The employee will be entitled to refuse to participate in the work of the group of authors only for good reason.
6.6. Should it appear at any time (including after the expiry of this contract) that it is necessary to sign any additional document or perform any other formalities in order to give
effect to the transfer of the rights set out in clause 6.1 to the employer or for the validity of these rights, the employee shall sign the respective documents and/or perform any
other acts provided only that it does not cause any additional expenses to the employee, or should such expenses be caused, the employer shall compensate for such expenses.
6.7. The employee shall agree to ensure that the works and objects of industrial property to be created by him while performing Duties shall be created by him in person without
damaging the intellectual property rights of any third persons.
6.8. The parties hereby agree that the fee for granting the rights set out in clause 6.1 to the employer (including the author’s remuneration) is included in the salary, and the
employee does not have the right to claim any additional fees or remuneration.
6.9. Termination of the contract on any basis shall not affect the employer’s ownership of the intellectual property assigned to the employer according to the procedure provided
herein or the continuing validity of the licences granted to the employer, or the right of the employer to register objects of intellectual property created while performing Duties.
6. Final provisions
7.1. Amendments to the contract are signed.
7.2. Parties may agree to terminate the contract any time if one party requests termination and the other party agrees thereto. In case of unilateral termination of the contract,
parties shall notify each other thereof in advance in the format reproducible in writing pursuant to articles 96-98 and 103 of the Employment Contracts Act.
7.3. The parties attempt to settle any disputes arising from the contract by way of negotiation. If disputes cannot be solved by way of negotiation, the law of the Republic of
Estonia is applied, and the parties refer the dispute to the labour dispute resolution body for settlement.
7.4. Upon termination of the contract, regardless of the legal basis, the employee shall, by the end of the last working day the latest, return all work equipment and material
assets which the employer has made available to the employee, as well as information and the documentation of the employer which are in the possession of the employee.
7.5. The parties confirm with their signatures that the contract has been made in good faith, in clear and comprehensible language.
Employer: Employee:
__________________ __________________
“digitally signed “ “digitally signed “