ex10_4.htm


    
      

    

    
      EMPLOYMENT
        AGREEMENT

      Szilvia
        Toth


      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      EMPLOYMENT
        AGREEMENT

      Entered
        into by and between

      
        	
                name:

              	
                Vidatech
                  Technológiai Kutató, Fejlesztő és Szolgáltató
                  Kft.

              


      

      
        	
                head
                  office:

              	
                H-1095
                  Budapest, Soroksári út 94-96.

              


      

      
        	
                company
                  registration No.:

              	
                01-09-870107

              


      

      
        	
                tax
                  No.:

              	
                13
                  72 76 26 - 2 - 43

              


      

      
        	
                bank
                  account No.:

              	
                10
                  10 41 67 - 57 30 27 00 - 01 00 00
                  03

              


      

      
        	
                represented
                  by:

              	
                KUN
                  Dániel

              


      

      as
        Employer (hereinafter: „Employer”), on the one
        hand,

      and

      
        	
                name:

              	
                TÓTH
                  Szilvia

              


      

      
        	
                residential
                  address:

              	
                1054
                  Budapest, Kálmán Imre u. 22.

              


      

      
        	
                mother’s
                  name:

              	
                SZABÓ
                  Margit

              


      

      
        	
                tax
                  No.:

              	
                8416862478

              


      

      
        	
                social
                  security No.:

              	
                086425522

              


      

      as
        Employee (hereinafter: „Employee”), on the
        other hand, (referred to hereinafter as collectively as „Contracting
        Parties”)

      at
        the
        place and date stated below, under the following terms and
        conditions.

      


      §
        1

      JOB

      1.1.
        The
        Employer employs the Employee as Chief Accounting Officer.

      1.2.
        The
        job of the Employee includes particularly the fulfilment of the following
        tasks:

      
        	
                 

              	
                ·

              	
                The
                  Chief Accounting Officer manages the economic, financial and accounting
                  work of the Company.

              


      

      


      The
        detailed description of the tasks belonging to the job of the Employee is
        contained in the Job Description attached to this Agreement. The Job Description
        forms the inseparable part of this Agreement (Annex No.
        1).

      


      §
        2

      TERM
        OF THE AGREEMENT

       2.1.
        The Contracting Parties conclude the employment for an indefinite period
        of
        time.

       2.2.
        The commencement of the employment is the day of taking on work by the Employee,
        i.e.:

      
        	
              	
                ·

              	
                24
                  October 2007

              


      

      


      §
        3

      PROBATION
        PERIOD

      The
        Contracting Parties agree on a probation period of
30days. During the period of probation both
        the Employee and the Employer may terminate the employment with immediate
        effect, without cause.

      


      §
        4

      WAGE

       4.1.
        The gross monthly personal basic wage is HUF
        415,000, say Four hundred and fifteen thousand Forints. The
        basic
        wage will always be paid to the Employee until the 5th day of
        the month
        following the subject month, after the deduction of the statutory taxes and
        contributions.


      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      


      4.2.
        In
        any other issues not regulated in this Clause the provisions set forth in
        Sections 141 to 153 of the Labour Code shall be governing, on the basis of
        Section 76 (7) (b) and Section 76/B (1) of Act XXII of 1992 on the Labour
        Code.

      


      §
        5

      PLACE
        OF THE PERFORMANCE OF WORK

      The
        Employee shall perform the work primarily at the head office of the Employer.
        The Employee agrees that, according to the characteristics of her job, she
        shall
        also perform work at places other than the head office of the
        Employer.

      


      §
        6

      WORKING
        TIME

      The
        weekly working time is 40 hours.In any other issues not regulated
        in this Clause the provisions set forth in Sections 117 to 129 of the Labour
        Code shall be governing, on the basis of Sections 76 (7) (a) and Section
        76/B
        (1) of the Labour Code.

      


      §
        7

      ORDINARY
        PAID LEAVE

      The
        Employee is entitled to annual paid leave according to the Labour Code. In
        any
        other issues not regulated in this Clause the provisions set forth in Sections
        130 to 136 of the Labour Code shall be governing, according to Section 76
        (7)
        (e) and Section 76/B (1) of the Labour Code.

      


      §
        8

      TERMINATION

      
        	
              	
                8.1.

              	
                Both
                  the Employer and the Employee are entitled to terminate the employment
                  by
                  30-day ordinary notice. The Employer shall give cause for its termination.
                  For the notice period the provisions set forth in Sections 92 to
                  94 of the
                  Labour Code shall be governing, on the basis of Sections 76 (7)
                  (f) and
                  Section 76/B (1) of the Labour Code

              


      

      


      
        	
              	
                8.2.

              	
                Both
                  the Employer and the Employee are entitled to terminate the employment
                  by
                  extraordinary notice, if the other Contracting Party violates with
                  intent
                  or by gross negligence any of her/its material obligations derived
                  from
                  this Agreement or displayed a conduct, due to of which the continuation
                  of
                  the employment became impossible.

              


      

      


      §
        9

      EXERCISE
        OF EMPLOYER’S RIGHTS

      The
        employer’s rights shall be exercised by Viktor Rozsnyay, President & Chief
        Executive Officer.

      


      §
        10

      CONFIDENTIALITY

      The
        Employee shall keep the business secrets becoming known to her during the
        term
        of or in connection with the employment without limitation in time. All
        facts, data, information or solutions related to the economic activity of
        the
        Employer shall qualify as business secret, the confidentiality of which is
        in
        the economic or other interests to be appreciated of the Employer. The
        Employee acknowledges that the violation of her aforementioned obligation
        may
        serve as basis for her civil law or penal law responsibility, over and above
        the
        labour law consequences thereof.


      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      


      §
        11

      COLLECTIVE
        BARGAINING AGREEMENT

      The
        Employer declares that it is not subject to collective bargaining
        agreement.

      


      §
        12

      APPLICABLE
        LAW

      In
        the
        issues not regulated in this Agreement the provisions of the Labour Code,
        as
        well as of other Hungarian legal rules in force from time to time shall be
        governing.

      


      §
        13

      INVALID
        PROVISIONS

      If
        any
        provision of this Employment Agreement is or becomes invalid, this shall
        not
        affect the validity of the other provisions, save for the case, if the
        Contracting Parties had not entered into the Employment Agreement without
        such
        invalid provision. In the event of partial invalidity the statutory provisions
        relating to employment shall be applicable mutatis
        mutandis.

      


      §
        14

      AMENDMENT
        TO THE EMPLOYMENT AGREEMENT

      The
        amendment to this Employment Agreement is only valid in writing. Oral agreements
        are invalid.

      


      §
        15

      GENERAL
        PROVISIONS

      


      
        	
              	
                15.1.

              	
                This
                  Employment Agreement was prepared in 2 counterparts. The Annexes
                  to the
                  Employment Agreement form the inseparable part of the
                  Agreement.

              


      

      


      
        	
              	
                15.2.

              	
                This
                  Employment Agreement was prepared in the Hungarian language. Hungarian
                  is
                  the governing language of the Employment
                  Agreement.

              


      

      


      


      Budapest,
        24 October 2007

      


      


      
        	
                /s/
                  Szilvia Toth

              	
                /s/
                  Viktor Rozsnyay

              
	
                Employee

              	
                President
                  & CEO

              


      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      Annex
        No. 1 to the Employment Agreement

      


      JOB
        DESCRIPTION

      


      


      Chief
        Accounting Officer


      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      


      Job
        Description

      


      Name:

      
        	
                 

              	
                ·

              	
                TÓTH
                  Szilvia

              


      

      


      Position:

      
        	
                 

              	
                ·

              	
                Chief
                  Accounting Officer

              


      

      


      Direct
        superior:

      
        	
                 

              	
                ·

              	
                President
                  & CEO / Vice President &
Secretary

              


      

      


      Her
        manager’s tasks:

      
        	
                 

              	
                ·

              	
                Perform
                  the financial supervision of the
                  Company.

              


      

      
        	
                 

              	
                ·

              	
                Enforce
                  the objectives and plan tasks, relating to the economic organisation,
                  of
                  the Company.

              


      

      
        	
                 

              	
                ·

              	
                Perform
                  the aim-setting, planning, organisational, managing, controlling
                  and
                  evaluation tasks related to the activity of the economic
                  organisation.

              


      

      
        	
                 

              	
                ·

              	
                Secure
                  the work conditions and operation of the economic organisation,
                  develop an
                  operational information system.

              


      

      
        	
                 

              	
                ·

              	
                Draft,
                  systematise and issue the tasks.

              


      

      
        	
                 

              	
                ·

              	
                Manage
                  the (financial and workforce) resources of the business
                  association.

              


      

      
        	
                 

              	
                ·

              	
                Determine
                  jobs, elaborate headcount
                  standards.

              


      

      
        	
                 

              	
                ·

              	
                Develop
                  the division of work best suitable for the fulfilment of tasks,
                  harmonise
                  part tasks, regulate the
                  operations.

              


      

      
        	
                 

              	
                ·

              	
                Elaborate
                  the incentive system of the economic
                  organisation.

              


      

      
        	
                 

              	
                ·

              	
                Reveal
                  the operational deficiencies of the economic organisation, improve
                  the
                  working method, secure the ability of
                  development.

              


      

      
        	
                 

              	
                ·

              	
                Execute
                  the tasks, relating to the economic field, of the Company’s human
                  policy.

              


      

      
        	
                 

              	
                ·

              	
                Evaluate
                  the work of the subordinates.

              


      

      
        	
                 

              	
                ·

              	
                Develop
                  her qualification and management
                  methods.

              


      

      


      Her
        professional tasks:

      
        	
                 

              	
                ·

              	
                The
                  Chief Accountant Officer manages the economic financial, accounting
                  and HR
                  work of the Company.

              


      

      
        	
                 

              	
                ·

              	
                Promote
                  the economical operation of the Company and the efficient utilisation
                  of
                  the assets thereof, create the conditions necessary for
                  it.

              


      

      
        	
                 

              	
                ·

              	
                Elaborate
                  the planning and checking system, evaluate the operations and improve
                  them
                  on a continuous basis.

              


      

      
        	
                 

              	
                ·

              	
                Manage
                  the planning activity, prepare business
                  plans.

              


      

      
        	
                 

              	
                ·

              	
                Monitor
                  and evaluate the fulfilment of the
                  plans.

              


      

      
        	
                 

              	
                ·

              	
                Prepare
                  evaluation.

              


      

      
        	
                 

              	
                ·

              	
                Organise,
                  manage and control the economic, financial, accounting and HR activities
                  of the Company.

              


      

      
        	
                 

              	
                ·

              	
                Develop
                  the accounting information system of the Company, supervision of
                  compliance with discipline regarding the handling of accounting
                  certificates and vouchers.

              


      

      
        	
                 

              	
                ·

              	
                Prepare
                  the financial statements, compiling the business report for the
                  management.

              


      

      
        	
                 

              	
                ·

              	
                Participate
                  in the elaboration of development
                  objectives.

              


      

      
        	
                 

              	
                ·

              	
                Ensure
                  steadily the financial balance of the Company, prepare liquidity
                  plans,
                  monitor and evaluate the
                  implementation.

              


      

      
        	
                 

              	
                ·

              	
                Organise
                  and control the cash flow, arrange bank and credit
                  matters.

              


      

      
        	
                 

              	
                ·

              	
                Manage
                  the performance of obligations towards the budget and the procedures
                  of
                  tax return, tax payment and tax
                  reclaiming.

              


      

      
        	
                 

              	
                ·

              	
                Control
                  the cost management, elaborate a cost accounting
                  system.

              


      

      
        	
                 

              	
                ·

              	
                Liase
                  with banks and financial
                  institutions.

              


      

      
        	
                 

              	
                ·

              	
                Provide
                  for the operation and control of the cash in
                  hand.

              


      

      
        	
                 

              	
                ·

              	
                Prepare
                  the balance sheet, statement of assets and income statement of
                  the
                  Company.

              


      

      
        	
                 

              	
                ·

              	
                Provide
                  for the collection of customer receivables and for the fulfilment
                  of
                  suppliers’ payables.

              


      

      
        	
                 

              	
                ·

              	
                Provide
                  for the statistical data supply of the
                  Company.

              


      

      
        	
                 

              	
                ·

              	
                Provide
                  for the adaptation to the group of companies of the Labour Code
                  and other
                  labour provisions and for the fulfilment of the relevant
                  tasks.

              


      

      
        	
                 

              	
                ·

              	
                Provide
                  for the fulfilment of social security
                  tasks.

              


      

      
        	
                 

              	
                ·

              	
                Prepare
                  the price plan of the Company.

              


      


      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      


      She
        decides on:

      
        	
                 

              	
                ·

              	
                The
                  development and regulation of the economic, financial, accounting
                  and HR
                  processes of the Company, as well as the information system
                  thereof.

              


      

      
        	
                 

              	
                ·

              	
                Collecting
                  customer debts.

              


      

      
        	
                 

              	
                ·

              	
                Execution
                  tasks of the financial field.

              


      

      
        	
                 

              	
                ·

              	
                The
                  matters of corporate signature referred to her
                  competence.

              


      

      
        	
                 

              	
                ·

              	
                The
                  employer’s rights referred to her
                  competence.

              


      

      


      She
        prepares decisions on:

      
        	
                 

              	
                ·

              	
                Granting
                  and withdrawal of right of
                  remittance.

              


      

      
        	
                 

              	
                ·

              	
                The
                  annual business plan of the
                  Company.

              


      

      
        	
                 

              	
                ·

              	
                The
                  incentive system of the Company.

              


      

      
        	
                 

              	
                ·

              	
                Concluding
                  contracts.

              


      

      
        	
                 

              	
                ·

              	
                Raising
                  credits.

              


      

      


      She
        is responsible for the following:

      
        	
                 

              	
                ·

              	
                Observation
                  and causing to observe the provisions regulating the tasks and
                  operation
                  of the business field.

              


      

      
        	
                 

              	
                ·

              	
                Observation
                  of and causing to observe the working discipline, discipline regarding
                  the
                  handling of accounting certificates and vouchers and the deadlines
                  of the
                  performance of tasks.

              


      

      
        	
                 

              	
                ·

              	
                Workmanlike
                  fulfilment of and causing to fulfil the work task, genuineness
                  and
                  accuracy of information supplies.

              


      

      
        	
                 

              	
                ·

              	
                Causing
                  the employees to understand, observe and execute the laws, other
                  legal
                  rules and internal regulations relating to her special
                  field.

              


      

      
        	
                 

              	
                ·

              	
                Success
                  of the work of the business field, high-standard and effective
                  fulfilment
                  of the tasks referred to the scope of
                  activities.

              


      

      
        	
                 

              	
                ·

              	
                Ensuring
                  cooperation among the organisational units subject to her
                  management.

              


      

      
        	
                 

              	
                ·

              	
                Enforcement
                  of the interests of the company.

              


      

      
        	
                 

              	
                ·

              	
                Keeping
                  and causing to keep the business secret, observation of the security
                  measures

              


      

      
        	
                 

              	
                ·

              	
                Efficient
                  contribution to the preservation and increasing of the assets of
                  the
                  company.

              


      

      
        	
                 

              	
                ·

              	
                Professional
                  aptitude and development of the employees subject to her
                  management.

              


      

      
        	
                 

              	
                ·

              	
                Good
                  workplace atmosphere.

              


      


      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      


      She
        maintains work relations with:

      
        	
                 

              	
                ·

              	
                The
                  Vice President & Secretary,

              


      

      
        	
                 

              	
                ·

              	
                The
                  managers of the other organisational units of the group of
                  companies,

              


      

      
        	
                 

              	
                ·

              	
                The
                  Chief Financial Officer,

              


      

      
        	
                 

              	
                ·

              	
                The
                  Employees of the organisational unit headed by
                  her,

              


      

      
        	
                 

              	
                ·

              	
                The
                  tax authority,

              


      

      
        	
                 

              	
                ·

              	
                Social
                  security organs,

              


      

      
        	
                 

              	
                ·

              	
                Banks,
                  financial institutions, etc.

              


      

      


      Substitution:

      
        	
                 

              	
                ·

              	
                In
                  the event of her absence or incapacitation she shall be deputized
                  for by
                  the person appointed by the Managing
                  Director.

              


      

      


      Legal
        rules and prescriptions:

      
        	
                 

              	
                ·

              	
                Accounting
                  Act and other legal rules relating to
                  accounting.

              


      

      
        	
                 

              	
                ·

              	
                Laws
                  and legal rules relating to
                  taxation.

              


      

      
        	
                 

              	
                ·

              	
                Financial
                  laws and other legal rules.

              


      

      
        	
                 

              	
                ·

              	
                The
                  Labour Code and other legal rules relating to HR and social
                  security.

              


      

      
        	
                 

              	
                ·

              	
                Prescriptions
                  of the Central Office of
                  Statistics.

              


      

      
        	
                 

              	
                ·

              	
                Organisational
                  and operational regulations.

              


      

      
        	
                 

              	
                ·

              	
                Job
                  descriptions and internal regulations relating to her work
                  field.

              


      

      


      Requirements
        related to filling the position:

      
        	
                 

              	
                ·

              	
                University
                  or college degree in economics or accountancy and
                  finance,

              


      

      
        	
                 

              	
                ·

              	
                Certificate
                  of clean criminal record,

              


      

      
        	
                 

              	
                ·

              	
                Driving
                  licence category “B”.

              


      

       

       

      Date
        of
        entry into force: 24 October 2007


      


      Budapest,
        24 October 2007

      


      


      
        	
                Acknowledged
                  by:

              	
                Approved
                  by:

              
	 	 
	 	 
	 	 
	 	 
	
                /s/
                  Szilvia Toth

              	
                /s/
                  Viktor Rozsnyay

              
	
                Employee

              	
                President
                  & CEO

              


      


      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      


      Annex
        No. 2 to the Employment Agreement

       

      INFORMATION
        ON THE CONDITIONS LISTED IN SECTION 76 (7) OF THE LABOUR
        CODE

      


      


      The
        employment comes into existence by the employment agreement set out in written
        form. The parties may agree on any issue in the employment agreement; the
        condition of the validity of their agreement is that the employment agreement
        may not be contrary to any legal rule or the collective bargaining agreement,
        unless it states a condition more favourable for the employee.

      


      In
        the
        employment agreement the parties shall agree on the personal basic wage,
        job and
        place of work of the employee. Simultaneously with the conclusion of the
        employment agreement the employer shall inform the employee on the
        following:

      


      
        	
                 

              	
                a)

              	
                guiding
                  schedule of work,

              


      

      
        	
                 

              	
                b)

              	
                other
                  elements of the wage,

              


      

      
        	
                 

              	
                c)

              	
                day
                  of wage payment,

              


      

      
        	
                 

              	
                d)

              	
                day
                  of taking on work,

              


      

      
        	
                 

              	
                e)

              	
                method
                  of calculation of the period and delivery of ordinary paid leave,
                  and

              


      

      
        	
                 

              	
                f)

              	
                the
                  rules of determining the notice period governing for employer and
                  employee, as well as

              


      

      
        	
                 

              	
                g)

              	
                whether
                  the employer is subject to a collective bargaining
                  agreement.

              


      

      


      


      Remark
        to
§ 2:

      The
        employment comes into existence for an indefinite period of
        time– unless agreed on to the contrary. The period of an employment for a
        definite term shall be determined by calendar or in another suitable way.
        If the
        parties do not determine the period of the employment by calendar, the employer
        shall inform the employee on the expectable period of the
        employment.

      The
        employment of definite term shall be transformed into one of indefinite term
        if
        the employee continues to work after the expiry of the term at least for
        one
        working day with the knowledge of her direct superior.

      


      


      Remark
        to
§ 7:

      The
        rate of the basic paid leave is twenty working
        days.

      
        	
              	
                1.)

              	
                The
                  rate of the ordinary paid leave due to the Employee and
                  the rules of its delivery are contained in Sections 130 to 136
                  of the
                  Labour Code.

              


      

      
        	
                 

              	
                Basic
                  paid leave

              	
                20
                  working days

              


      

      
        	
                 

              	
                in
                  the age of 25

              	
                +
                  1
                  working day 21 working days

              


      

      
        	
                 

              	
                in
                  the age of 28

              	
                +
                  1
                  working day 22 working days

              


      

      
        	
                 

              	
                in
                  the age of 31

              	
                +
                  1
                  working day 23 working days

              


      

      
        	
                 

              	
                in
                  the age of 33

              	
                +
                  1
                  working day 24 working days

              


      

      
        	
                 

              	
                in
                  the age of 35

              	
                +
                  1
                  working day 25 working days

              


      

      
        	
                 

              	
                in
                  the age of 37

              	
                +
                  1
                  working day 26 working days

              


      

      
        	
                 

              	
                in
                  the age of 39

              	
                +
                  1
                  working day 27 working days

              


      

      
        	
                 

              	
                in
                  the age of 41

              	
                +
                  1
                  working day 28 working days

              


      

      
        	
                 

              	
                in
                  the age of 43

              	
                +
                  1
                  working day 29 working days

              


      

      
        	
                 

              	
                in
                  the age of 45

              	
                +
                  1
                  working day 30 working days

              


      

      The
        Employee is entitled to the longer paid leave for the first time in the
        year, in which she reaches the higher age.

      


      Supplementary
        leave due to the Employee:

      
        	
                 

              	
                o

              	
                supplementary
                  leave due to juveniles: 5 working days before reaching the age
                  of 18 and
                  in the year of completing 18 years of
                  age

              


      


      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      


      
        	
                 

              	
                o

              	
                On
                  the basis of the decision of the parents for the parent undertaking
                  a
                  bigger role in the bringing-up of his/her child or for the parent
                  bringing
                  up his/her child alone, on his/her child(ren) under the age of
                  16:

              


      

      
        	
                 

              	
                §

              	
                for
                  one child: two,

              


      

      
        	
                 

              	
                §

              	
                for
                  two children: four,

              


      

      
        	
                 

              	
                §

              	
                for
                  more than two children altogether seven working days per year are
                  due, for
                  the last time in the year in which the child(ren) complete(s) its
                  (their)
                  16th
                  year
                  of age.

              


      

      


      The
        date
        of delivering the paid leave will be determined by the
Employer, after hearing the
Employee.

      


      The
        Employer is obliged to deliver one quarter of the basic paid
        leave – save for the first three months of the employment – at the date
        according to the request of the Employee.

      The
        Employee shall announce her relevant claim no later than
        fifteen days before the commencement of the leave.

      


      The
        paid
        leave shall be delivered in the year of its due date, exceptions are the
        illness
        of the Employee or a particularly important economic
        interest.

      The
        leave
        may be delivered in more than two instalments only at the request of the
        Employee.

      


      


      Remarks
        to § 8:

      The
        employment may be terminated:

      
        	
                 

              	
                a)

              	
                with
                  the common consent of Employer and
                  Employee;

              


      

      
        	
                 

              	
                b)

              	
                by
                  ordinary notice;

              


      

      
        	
                 

              	
                c)

              	
                by
                  extraordinary notice;

              


      

      
        	
                 

              	
                d)

              	
                with
                  immediate effect during the probation
                  period.

              


      

      


      The
        agreement or declarations directed to the termination of the employment shall
        be
        reduced to writing, no deviation therefrom shall be valid.

      The
        Employer shall reason its notice of termination; the cause of the termination
        shall clearly transpire from the reasoning. In case of a dispute the Employer
        shall prove the reality and reasonableness of the cause of termination. The
        cause of termination may only be a cause related to the capabilities of the
        Employee, to her conduct related to the employment or to the operation of
        the
        Employer.

      


       

      Notice
        period

       

      In
        case
        of ordinary notice of the Employer or the
Employee the extent of the notice period shall
        be:

      
        	
                 

              	
                o

              	
                at
                  least thirty days.

              


      

       

      The
        thirty-day notice period will be extended

      
        	
                 

              	
                o

              	
                by
                  five days after three years

              


      

      
        	
                 

              	
                o

              	
                by
                  fifteen days after five years

              


      

      
        	
                 

              	
                o

              	
                by
                  twenty years after eight years

              


      

      
        	
                 

              	
                o

              	
                by
                  twenty-five days after ten years

              


      

      
        	
                 

              	
                o

              	
                by
                  thirty days after fifteen years

              


      

      
        	
                 

              	
                o

              	
                by
                  forty days after eighteen years

              


      

      
        	
                 

              	
                o

              	
                by
                  sixty days after twenty years

              


      

      spent
        in
        employment with the Employer.

      


      The
        Employer shall exempt the Employee from the
        performance of work for half of the notice period at the date and  in
        the instalments according to the request of the Employee. The
Employee is entitled to her average earnings
        for the period of
        exemption.

       

       

    

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