Document:

PCCW Limited: Exhibit 4(jj) - Prepared By TNT Filings Inc.

EXHIBIT 4(jj)

Private & Confidential   

18 August 2005 

Mr Alexander Anthony Arena 

Present 

Pursuant to our letter of 4 October 2002 in which the notice
of termination of your employment was increased to 12 months' notice in writing
or payment in lieu by either party. We note that the terms of your employment do
not include a "garden leave" provision and that the Confidentiality/Intellectual
Property Undertaking signed by you requires updating. We therefore propose to
make certain amendments to the terms of your employment, as set out below, and
that you execute a new Confidentiality/Intellectual Property Undertaking. 

In consideration of your agreement to the above proposal,
your annual package (comprising basic salary, housing benefits and guaranteed
bonus), for each of the years 2005 and 2006, will be equal to HK$11,480,004
("Guaranteed Package") being 70% of the total annual package that was paid to
you in respect of 2004, which included basic salary, housing benefits,
guaranteed bonus and discretionary performance bonus. This Guaranteed Package is
divided into basic salary, housing benefits and guaranteed bonus as set out in
the attached schedule but does not include any discretionary performance bonus.
A discretionary performance bonus additional to the Guaranteed Package will be
payable at the Company's absolute discretion. Your future remuneration package
from 1 January 2007 onwards will be subject to review and mutual agreement. 

Proposed Garden Leave Provision 

We propose to add the following "garden leave" provision to the terms of your
employment: 

In the event that notice to terminate your employment has
been given by the Company, the Company shall be entitled at any time and from
time to time during your notice period by oral or written notice to you to
require you to observe all or some of the following during all or any part of
your notice period: 

(a)     cease to render all or some of your duties
hereunder; 

(b)     remain away from any premises of the Company
or any Group companies or any premises named by the     

          Company or any Group
companies; 

(c)     resign with immediate effect from any offices
you hold within the Company or any Group companies; 

(d)     not become employed by or provide services
directly or indirectly to any person, firm, company or 

          organization; and/or 

(e)     take any accrued but untaken annual leave. 

.../2 

PCCW Limited   
   www.pccw.com 

PO Box 9896 GPO Hong Kong     Tel  +852 2888 2888     Fax  +852 2877 8877 

-2- 

For the avoidance of doubt, during any such period, the
Company will not have any obligation to provide you with work, but salary and
contractual benefits will continue to be provided until the end of employment
and you will remain bound by all of the express and implied obligations arising
out of your employment with the Company including the obligation of good faith.
You agree that you will comply with all or any requests made by the Company
pursuant to this clause from time to time and perform such duties at such places
and times as the Company may reasonably request or direct from time to time
provided such duties are within the scope of your obligations under this
contract. You agree that failure to comply with any notice given pursuant to
this clause is a material breach of your obligations hereunder and is not
remediable by damages. 

New Confidentiality/Intellectual Property Undertaking 

In connection with this agreement, you are required to sign a new
Confidentiality / Intellectual Property Undertaking, a copy of which is attached
and forms part of this letter. 

All other terms and conditions of your employment contained in your
employment contract and subsequent amendment letters shall remain in full force
and effect. 

Please signify your acceptance to the above by signing and returning the
duplicate of this letter and the new Confidentiality/Intellectual Property
Undertaking. 

Yours sincerely 

I confirm acceptance to the above terms and conditions.

	
    

    

    

    

    Signed:
	
    

	 	
    
    Alexander Anthony Arena

	
    

    Date: 	
    

    

 

 

SCHEDULE 

 

The Guaranteed Package for 2005 and 2006 shall comprise: 

 

	
Basic Salary

 	:

 	
 HK$450,900 per month

    (HK$5,410,800 per annum)
	 	 	 
	
Housing Benefits

 	
:

 	
 HK$193,267 per month

    (HK$2,319,204 per annum)
	 	 	 
	
Guaranteed Bonus

 	
:

 	
 HK$3,750,000 per annum

    (to be paid on a 12-month basis
  at HK$312,500 per month)

    
	 	 	 
	 	 	 
	
Total Guaranteed Package	
:	
HK$11,480,004 per annum

    

   

    

THIS AGREEMENT is dated 14 December 1998 and is made BETWEEN:- 

(1)             PACIFIC CONVERGENCE
CORPORATION, LTD of 38th Floor, Citibank Tower, Citibank Plaza, 3
Garden Road, Central, Hong Kong ("tthe Company")

(2)            ALEXANDER ANTHONY ARENA of
12C, 23 Borrett Road, Mid-Levels, Hong Kong ("the Appointee"), 

NOW IT IS HEREBY AGREED as follows:-

1.            
APPOINTMENT AND TERM 

1.01         
The Company hereby appoints
the Appointee and the Appointee hereby agrees to act as the Chief Executive
Officer of the Company. 

1.02        
The said appointment shall
commence on 18 August 1998 (or such other date as the parties hereto shall
otherwise agree in writing) and shall continue until terminated by either party
giving to the other not less than three months' notice in writing. 

 

2.              
SCOPE OF THE APPOINTMENT 

2.01         The Appointee shall devote
substantially the whole of his time and his attention and skill to the duties of
his office (as the same is described in Clause 1.01) and shall faithfully and
diligently perform such duties and exercise such powers consistent with the
office to which he is appointed as may from time to time be assigned to or
vested in him and shall obey the reasonable and lawful directions of the Board
of Directors of the Company ("the Board"). 

2.02
         For the purposes hereof the
Appointee shall if and so long as he is so required by the Company:- 

(a)    
       carry out the duties of his
office (as the same is described in Clause 1.01) on behalf of any subsidiary for
the time being of the Company; 

(b)           
act as director, office or
employee of any such subsidiary; and 

(c)
            carry out such duties
attendant on any such appointment as if they were duties to be performed by him
on behalf of the Company hereunder. 

The expression
"subsidiary" shall have the meaning assigned thereto by section 2 of the Company
Ordinance (or any statutory re-enactment thereof) and the Company and any
subsidiaries of the Company for the time being are hereinafter collectively
called "the Group". 

1 

2.03         The Appointee
shall at all times keep the Board of the Company promptly and fully informed (in
writing if so requested) of his conduct of the business or affairs of the
Company or the Group and provide such explanations as the Board of the Company
may require in connection therewith. 

 

3.              
RESTRICTIONS ON OTHER ACTIVITIES BY THE APPOINTEE 

3.01       
The Appointee shall not
(except with the prior sanction of a resolution of the Board) be directly or
indirectly engage or concerned or interested in any other business Provided that
this shall not prohibit the Appointee's current interest in a working farm, the
holding of residential apartments for investment purposes or the holding
(directly or through nominees) of investments listed on any Stock Exchange as
long as not more than 5 per cent of the issued shares or stock of any class of
any one company shall be so held without the prior sanction of a resolution of
the Board. 

3.02
         The Appointee shall not
either during or after the termination of the said appointment without limit in
point of time:- 

(a)            divulge or communicate to any
person or persons except to those of the officials of the Group whose province
it is to know the same; or 

(b)           
use for his own purposes or
for any purposes other than those of the Group; or 

(c)
           through any failure to
exercise all due care and diligence cause any unauthorized disclosure of any
secret confidential or private information:- 

(i)              relating to the
private affairs of the Group or its customers, suppliers, management or
shareholders; or 

(ii)             in respect of which any
company in the Group is bound by an obligation of confidence to any third party;

but so that these restrictions shall
cease to apply to any information or knowledge which may (otherwise than through
the default of the Appointee) become available to the public generally without
requiring a significant expenditure of labor, skill or money. 

3.03         All notes,
memoranda, records and writings made by the Appointee relative to the business
of the Group shall be and remain the property of the Group and shall be handed
over by him to the Company (or to such other company in the Group as the case
may require) as the Company shall from time to time so demand and in any event
upon his leaving the service of the Company. 

3.04          The Appointee
shall comply with every rule of law and every regulations of the Company for the
time being in force in relation to dealings in shares or other securities of the
Company or any other member of the Group. 

2 

4.               REMUNERATION 

4.01          The Appointee
shall receive during the continuance of his appointment a salary at the rate of
HK$2,850,000 per annum such salary to accrue on a day to day basis and to include any sum receivable as Director's fees or other remuneration from any
company in the Group and to be payable by equal monthly payments in arrears. 

4.02
        Payment of such salary to the
Appointee shall be made either by the Company or by another company in the Group
and if by more than one company in such proportion as the Board may from time to
time think fit. 

4.03         
In addition there shall be
refunded to the Appointee such sums as shall cover all reasonable out-of-pocket
expenses incurred by him on the Group's business (including expenses of
entertainment subsistence and travelling) which said expenses shall be evidenced
in such manner as the Company may require. 

4.04         
The Appointee shall receive a housing allowance of HK$60,000 per month inclusive
of management fees and rates. 

4.05
       The Appointee and his wife
and children under 19 or if in full time education up to 23 years of age shall
be entitled to participate in such medical insurance plan as the Company shall
operate for the benefit of its staff from time to time. 

4.06
        The Company will provide the
Appointee with a motor car of a size and type commensurate (in the option of the
Company) with his position and remuneration for the time being which he will be
permitted to use for reasonable private journeys. 

4.07
        The Appointee shall be
entitled to participate (upon terms to be determined by the Company) in such
stock option scheme as the Company shall from time to time operate. 

 

5.            
WORKING HOURS. HOLIDAYS. AND PAYMENT DURING ABSENCE ON MEDICAL GROUNDS 

5.01
        The Appointee shall conform
to such hours of work as may from time to time reasonably be required of him and
shall not be entitled to receive any additional remuneration for work outside
his normal hours. 

5.02
       The Appointee shall (in
addition to normal public holidays) be entitled to 24 working days' paid holiday
in each year during the continuance of his appointment hereunder to be taken at
such time or times as the Board may approve. A working day includes Saturdays
but excludes Sundays and Public Holidays. The Appointee may not without the
consent of the Board carry forward any unused part of his holiday entitlement to
a subsequent holiday year. No payment will be made in lieu of holidays accrued
due but not taken. 

3 

5.03
       The Company shall continue to
pay the Appointee's salary during any period of absence on medical grounds up to
a maximum of 12 weeks in any period of 12 months Provided that the Appointee
shall if required supply the Company with medical certificates covering the
periods of absence. 

5.04       
If the Appointee's absence
shall be or appear to be occasioned by actionable negligence of a third party in
respect of which damages are or may be recoverable then all sums paid by the
Company shall constitute loans to the Appointee who shall forthwith notify the
Company of the relevant circumstances and of any claim compromise settlement or
judgement made or awarded in connection therewith and shall give to the Company
all such particulars of such matters as the Company may reasonably required and
shall if the Company shall so require refund to the Company such sum (not
exceeding the aggregate of: (a) the amount of damages recovered by him under
such compromise settlement or judgement and (b) the sums advanced to him in
respect of the period of the incapacity) as the Company may determine. 

 

6.            
TERMINATION 

6.01         The appointment of the
Appointee hereunder shall be subject to termination by the Company:- 

(a)
          by not less than three
months' notice in writing given at any time while the Appointee shall have been
incapacitated by reason of ill health or accident from performing his duties
hereunder for a period of or periods aggregating 180 days in the preceding 12
months Provided that if at any time during the currency of a notice given
pursuant to this sub-paragraph the Appointee shall provide a medical certificate
satisfactory to the Board to the effect that he has fully recovered his physical
and /or mental health and that no recurrence of illness or incapacity can
reasonably be anticipated the Company shall withdraw such notice; 

(b)          
by summary notice in writing
if the Appointee shall have committed any serious breach or repeated or
continued (after warning) any material breach of his obligations hereunder or
shall have been guilty of conduct tending to bring himself or any company in the
Group into disrepute or shall have committed an act of bankruptcy or compounded
with his creditors generally. 

6.02
        If the Company becomes
entitled to terminate the appointment of the Appointee hereunder pursuant to
Clause 6.01(b) it shall be entitled (but without prejudice to its right
subsequently to terminate such appointment on the same or any other ground) to
suspend the Appointee either on full or part pay or without payment of salary
for so long as it may think fit. 

6.03         
 On the termination of his appointment hereunder howsoever arising the Appointee
shall:- 
 

(a)          
at any time or from time to time thereafter at the request of the Company resign
from all offices held by him in the Company and in any company in the

4 

                Group including any directorships and
shall transfer without payment to the Company or as the Company may direct any
qualifying shares provided by it and should he fail to do so the Company is
hereby irrevocably authorised to appoint some person in his name and on his
behalf to sign and do any documents or things necessary or requisite to give
effect thereto; and 

(b)           forthwith
deliver to the Company all books, documents, papers materials, credit cards,
motor cars and other property of or relating to the business of the Group which
may then be in his possession or under his power or control. 

6.04         Termination of
the Appointee's appointment hereunder shall be without prejudice to any rights
which have accrued at the time of termination or to Clauses 3.02 and 7 (all of
which shall remain in full force and effect). 

 

7.             
NON-SOLICITATION AND RESTRICTIVE COVENANTS 

7.01          The Appointee
agrees that during the currency of his employment by the Company and for a
period of 12 calendar months thereafter he will not without the prior written
consent of the Company (such consent not be unreasonably withheld) whether by
himself, his employees or agents or otherwise howsoever and whether on his own
behalf or for any other person, firm, company, or organization directly or
indirectly:-

(a)           in Hong Kong and any country
in which the Group is operating or negotiating to operate at the date of the
termination of the Appointee's employment by the Company engage in the business
carried on by the Company at such date ("Restricted Business"), 

(b)         
be employed or engaged in any
company firm or business which as regards any goods or service is a supplier to
or a customer of the Company or any other company in the Group; 

(c)         
solicit or entice or
endeavour to solicit or entice away from the Company or any other company in the
Group any Director, manager or employee of the Company or such other company
whether or not such person would commit any breach of his contract of employment
by reason of leaving the service of the relative company in the Group; 

(d)
          employ or engage in any
business in competition with the Company or any other company in the Group any
person who has during the currency of the Appointee's employment hereunder been
employed or engaged by the Company or any other company in the Group and who by
reason of such employment or engagement is or is reasonably likely to be in
possession of any confidential information or trade secrets relating to the
business of the Company or any other company in the Group or the business of the
customers of the Company or any other company in the Group; 

(e)            in competition with the Company or any other company in the Group solicit
business from any person, firm, company or organization which at any time during
the currency of his employment hereunder has deal with the Company

5 

or any other company in the Group or
which on the termination of his employment is in the process of negotiating with
the Company or any such company in relation to any part of the Restricted
Business and with whom or which, during such period, the Appointee has had
personal dealings in the course of his employment. 

7.02        
While the restrictions
contained in this Clause are considered by the parties to be reasonable in all
the circumstances it is recognized that restrictions of the nature in question
may fail for technical reasons unforeseen and accordingly it is hereby agreed
and declared that if any such restrictions shall be adjudged to be void as going
beyond what is reasonable in all the circumstances for the protection of the
interests of the Company but would be valid if part of the wording thereof were
deleted or the periods (if any) thereof were reduced or the range of products or
area dealt with thereby were reduced in scope the said restriction shall apply
with such modifications as may be necessary to make it valid and effective.

7.03        
Since the Appointee also may
obtain in the course of his employment by reason of services rendered for or
offices held in any other company knowledge of the trade secrets or other
confidential information of such company the Appointee hereby agrees that he
will at the request and cost of the Company enter into a direct agreement or
undertaking with such company whereby he will accept restrictions corresponding
to the restrictions herein contained (or such of them as may be appropriate in
the circumstances) in relation to such products and services and such area and
for such period as such company may reasonably require for the protection of its
legitimate interest. 

 

8.             
INTELLECTUAL PROPERTY  

8.01        
Any invention or improvement
or design made or process or information discovered or copyright work or trade
mark or trade name or get-up created by the Appointee during the continuance of
his appointment hereunder (whether capable of being patented or registered or
not and whether or not made or discovered in the course of his employment
hereunder) in conjunction with or in any way affecting or relating to the
business of any company in the Group or capable of being used or adapted for use
therein or in connection therewith shall forthwith be disclosed to the Company
and shall belong to and be the absolute property of such company in the Group as
the Company may direct. 

8.02
       The Appointee if and whenever
required to do by the Company shall at the expense of a company in the Group
apply or join with such company in applying for letters patent or other
protection or registration for any such invention improvement design process
information work trade mark trade name or get-up as aforesaid which belongs to
such company and shall at the expense of such company execute and do all
instruments and things necessary for vesting the said letters patent or other
protection or registration when obtained and all right title and interest to and
in the same in such company absolutely and as sole beneficial owner or in such
other person as the Company may specify. 

6

8.03         The Appointee
hereby irrevocably appoints the Company to be his Attorney in his name and on
his behalf to execute and do any such instrument or thing and generally to use
his name for the purpose of giving to the Company the full benefit of his Clause
and in favour of any third party a certificate in writing signed by any Director
or by the Secretary of the Company that any instrument or act falls within the
authority hereby conferred shall be conclusive evidence that such is the case.

 

9.            
 INTERPRETATION  

9.01          The Headings to the Clauses
are for convenience only and have no legal effect. 

 

10.          
NOTICES  

10.01       Any notice
required to be given hereunder shall, in the case of notice to the Company be
deemed duly served if left at or sent by registered post to the principal place
of business in Hong Kong for the time being of the Company, and in the case of
notice to the Appointee, if handed to him personally or left at or sent by
registered post to his last known address in Hong Kong. Any such notice shall be
deemed to be served at the time when the same is handed to or left at the
address of the party to be served and if served by post 48 hours after posting.

 

11.           
CHOICE OF LAW  

11.01       This
agreement shall be governed by and construed in accordance with the laws of the
Hong Kong Special Administrative Region of the People's Republic of China and
the parties hereto submit to the non-exclusive jurisdiction of the Courts of the
Hong Kong Special Administrative Region of the People's Republic of China in the
determination of any dispute arising hereunder. 

7 

IN WITNESS whereof this Agreement has been executed the day and year first
above written. 

	 	 	
    

    

 
	SIGNED BY GEORGE CHAN
    

    for and on behalf of
    PACIFIC

    CONVERGENCE
    CORPORATION, LTD

    in the presence of:
	)

    )

    )

    )

    )

    )
	
    	 
	 	 

	

    

    

    

    SIGNED BY ALEXANDER ANTHONY 

    ARENA in the presence
    of:	

    

    

    )

    )PCCW Limited: Exhibit 4(kk) - Prepared by TNT Filings Inc.

EXHIBIT 4(kk)

Strictly Private and Confidential 

 

Mr Lee Chi Hong Robert 

S/N 00839738 

Present 

 

16 September 2002 

 

Dear Robert

Further to our employment letter dated 5 July 2002, we would like to provide
you with an update / supplementary information on certain terms and conditions
set out in the letter :- 

1.             
Position 

(a)         
You employer is PCCW
Properties (HK) Limited ("the Company") and you are appointed as the Executive
Director of PCCW Limited on 5 September 2002. 

(b)
          
Your title is Chairman, PCCW Infrastructure. 

2.             
Commencement Date 

The date of your commencement of employment is 19
August 2002. 

3.            
 Wages 

The wages of HK$8 million per year is composed of the
following items :- 

Monthly Basic salary :         
      
HK$466,000 

Monthly Housing Benefits :       HK$200,667 

4.            
 Shares 

The transfer of 4,954,000 PCCW shares
equivalent to HK$7.5 million to you and your spouse (as joint owners) has been
executed on 9 September 2002. The price used for the share transfer was HK$1.514
per share which was the average closing market price of PCCW shares between 12
August 2002 and 16 August 2002, being the five days prior to your commencement
date. The three-year lock up period is effective from 19 August 2002 to 18
August 2005 inclusive, during which you and your spouse may not transfer, sell,
mortgage or otherwise dispose of the shares or any interest therein or enter
into any option, futures contract, or derivative transactions in respect of or
related to any of such shares or such interest therein. 

 

.../2 

PCCW Limited       
       
www.pccw.com

PO Box 9896 GPO Hong Kong     Tel  +852 2888 2888     Fax  +852
2877 8877

 

-2- 

5.            
 Sign-on Bonus 

A sign-on Bonus of HK$7.5 million was deposited to
your designated bank account on 26 July 2002. 

6.             
Directors' Fee 

During the term of your employment
with the Company, you may be requested by the Company to act as directors of any
company or companies within Pacific Century Group. You agree to take up the
directorship, and resign from such, as may be required by the Company. You agree
and understand that you are not entitled to any directors' fees or remuneration
for acting in such positions. All directors' fees or directors' remuneration of
whatsoever nature received by you from any company within the Pacific Century
Group shall be returned forthwith to the Company. 

7.             
Annual Leave Entitlement 

You are entitled to 22 working days'
leave with pay each year. A working day for this purpose excludes Saturdays,
Sundays and Public Holidays. Holiday entitlement not used in any one year is not
transferable to the next year. There will be no payment in lieu of any unused
leave. 

Your prorated annual leave entitlement from 19 August
2002 to 31 December 2002 is 9 days. 

Termination pay in lieu of accrued
holiday not taken prior to the date of leaving is calculated up to the last day
of service from 1 January in the year in which service is terminated. If your
leave taken is more than you have accrued at the date of leaving, the Company
will deduct the excess holiday pay from any salary due on termination. Pay for
this purpose means basic salary and housing benefits, excluding commission or
bonus. 

If you spend a certain amount of your
leave time visiting company connections in places where you spend your leave,
time spent on such calls cannot be 'deducted' from the duration of leave. This
is considered a normal practice with the Company. 

8.            
 PCCW Medical Scheme

You are eligible for Class 8 medical benefits which
is the highest level of benefits available only to senior executives of the
Company. 

Should you cease to be employed by the Company, you
must return the medical card(s) to the Human Resources Department on or before
your last day of service. 

9.            
PCCW Provident Fund Scheme 

You have chosen to join the PCCW Provident Fund
Scheme and the employer contribution is 12% of your monthly basic salary. 

.../3

-3- 

 

10.            
Club Membership 

You are provided with a membership at the Aberdeen
Marina Club. 

All other terms and conditions as stipulated in the employment letter will
continue in effect. 

If you have any questions on any aspect of this letter, please do not
hesitate to contact me or Amy Chau for clarification. 

Please signify your acceptance to the above by signing and returning the
duplicate of this letter. 

 

	Yours sincerely	 
	
    	 
	I confirm acceptance of the above
	
    
	H K Siu	 
	Executive Vice President	 
	Group Human Resources	Lee Chi Hong Robert
	 	 
	 	Dated : 	

 

 

	
    	
    PCCW

    Page 1

 

 

PRIVATE & CONFIDENTIAL

5th July 2002 

Mr Robert Lee 

144, Cedar Drive 

Red Hill 

TaiTam 

Hong Kong 

We are pleased to offer you employment on the terms and conditions set out in
this letter. 

1.             
 Position 

(a)         
 You will be employed by
PCCW Services Limited which is a wholly owned subsidiary of Pacific Century
CyberWorks Limited ("PCCW"). You will be appointed an executive director of PCCW
on or shortly after the Commencement Date (see below). 

(b)
        
Your title will be Chairman of the holding company of PCCW's Infrastructure and
Real Estate interests ("Property Group"). It is anticipated that the
reorganisation of the Property Group under a new holding company, which
initially will be a wholly owned subsidiary of PCCW, will be completed as soon
as practical. 

(c)
       
You will have responsibility for managing the business of PCCW's Property Group,
with particular responsibility for the sale of residential units in the
CyberPort, being the property development located on approximately 24 hectares
at Telegraph Bay on the South West of Hong Kong Island. 

(d)
        
You will report directly to the Chairman and Chief Executive Officer of PCCW.

2.             
 Commencement Date

15th September 2002, or as may otherwise be agreed
between us. 

3.             
 Wages 

                 
You will be paid HK$8 million per year to be apportioned between housing and
other allowances as agreed, which will be payable monthly in arrears. 

PCCW Limited       
       
www.pccw.com

PO Box 9896 GPO Hong Kong     Tel  +852 2888 2888     Fax  +852
2877 8877

-1-

PCCW 

Page 2 

4.             
Shares 

(a)          
 On
or shortly after the Commencement Date PCCW will procure that Mr. Richard Li will transfer to you at no cost to you and in consideration for your
taking up employment on the terms of this letter such number of shares in PCCW
as shall be calculated by dividing HK$7.5 million by the average market price of
PCCW shares in the 5 days prior to the Commencement Date. 

(b)         
The shares transferred to you
will be subject to a "lock up" period of three years from the Date of
Commencement during which you may not transfer, sell, mortgage or otherwise
dispose of the shares or any interest therein or enter into any option, futures
contract, or derivative transactions in respect of or related to any of such
shares or your interest therein. 

5.             
Incentive Bonus 

You will be entitled to receive a
one-off incentive bonus which will be calculated as follows: one percent (as
certified by PCCW's auditors, such certification to be final and binding) of the
Surplus Proceeds from the sale of residential units and car parks in the
Residential Portion of the CyberPort attributable to PCCW (as certified by
PCCW's auditors, such certification to be final and binding) such determination
to be made in accordance with the terms and conditions of the Project Agreement
relating to the CyberPort Project at Telegraph Bay, Pokfulam dated 17th
May 2000. The one-off bonus will be calculated and paid after the Surplus
Proceeds have been calculated finally and attributed to PCCW in accordance with
the terms and conditions of the Project Agreement. 

6.             
Car Allowance 

                
You will be provided with a company car and a driver. 

7.              
Directors' Fee 

               
During your employment with PCCW, all directors' fees or directors' remuneration
of whatsoever nature received by you from any company within the PCCW Group
shall be paid back to PCCW. 

8.              
Hours of Work 

(a)
          
Your normal working hours will be from 9:00 a.m. to 6:00 p.m., Monday to Friday,
with one hour lunch break. 

(b)           
It may be necessary to work
additional hours, including Saturdays, Sundays and Public Holidays for which
overtime is not paid. 

9.             
Holidays 

                
You will be entitled to statutory holidays and public holidays in Hong Kong. 

 

PCCW 

Page 3 

10.          
 Annual Leave Entitlement 

(a)
        
You are entitled to 20 working days' paid leave each year. A working day for
this purpose excludes Saturdays, Sundays and Public Holidays. There will be no
payment in lieu of any unused leave. 

(b)          
 If you join part-way through a
calendar year, your annual leave will be calculated on a pro-rata basis. 

(c)
         
Wages in lieu of accrued leave not taken prior to the date of termination are
calculated up to the last day of service from 1 January in the year in which
service is terminated. If your leave taken is more than you have accrued at the
date of termination, PCCW will deduct the excess leave pay from any salary due
on termination. Pay for this purpose means basic salary and housing (if any),
excluding commission or bonus. 

(d)
         
If you spend a certain amount of your leave time visiting PCCW connections in
places where you spend your leave, time spent on such calls cannot be 'deducted'
from the duration of leave. This is considered a normal practice within PCCW.

11.            
PCCW Medical Scheme 

(a)          
 You and your spouse and children are
provided with hospitalisation assistance benefits and a clinical expenses
scheme, up to the limits specified in the attached medical leaflet. You are
eligible for [Band 5 benefits]. 

(b)
          
Should you cease to be employed by PCCW, you must return the medical card(s) to
the Human Resources Department upon termination. 

12.            
PCCW Provident Fund Scheme 

(a)
         
You are entitled to participate in either the PCCW's Provident Fund Scheme, a
non-contributory scheme with the Group contributing an equivalent of [ ]% of
your basic monthly salary, or the statutory Mandatory Provident Fund Scheme. 

(b)
        Full
details of your benefits under the Schemes are provided in the Scheme Rules
which form part of your terms and conditions of employment. In all cases, any
interpretation or clarification of the rules should be made in accordance with
the Provident Fund or Mandatory Provident Fund Policy. 

13.           
Club Membership 

You will be provided with a club membership at the
choice of PCCW. PCCW will pay for the related club membership entrance fees and
subscription fees. 

PCCW 

Page 4

 

14.          
Business Travel  

                
For business travel, you are entitled to travel business class except for
flights with a duration of less than three hours which will be made economy
class. 

15.           
Termination of Employment 

(a)
           
It is anticipated that your employment with PCCW will be for a period of not
less than 3 years. 

(b)       
 Subject to the above, you will be engaged
under a continuous contract, which may be terminated by either party giving to
the other six months notice in writing or six months' basic salary and housing
in lieu thereof. This period of notice can commence from any day. 

(c)        
Should you (i) be guilty of fraud,
dishonesty or serious misconduct or (ii) commit a serious or persistent breach
or neglect of your duties hereunder or (iii) refuse or neglect to comply with
any reasonable and lawful order given to you by the Company or (iv) be guilty of
misconduct inconsistent with the due and faithful discharge of your duties, PCCW
shall be entitled to terminate this Agreement forthwith without notice or
payment in lieu thereof. PCCW shall also be entitled to so terminate this
Agreement on any other ground on which an employer would be entitled to
terminate an employee's contract without notice at common law. 

(d)      
  Upon termination of employment, you will
immediately transfer and deliver to PCCW all papers, documents, notes,
memoranda, records and writings belonging to PCCW or its subsidiaries, holding
or associated companies which you may have in your possession or control by
reason of your position in PCCW in any way relating to the business of PCCW or
its subsidiaries, holding or associated companies or to the business of the
clients of PCCW and its subsidiaries, holding or associated companies together
with all extracts or copies thereof. 

(e)         
If notice of termination of your employment
is given by you or PCCW, you ' will resign immediately from all directorships
and any other offices appointed by or held at the request of PCCW or any of its
subsidiaries of affiliates. 

16.            
Expenses 

(a)
         
PCCW will reimburse authorised expenses incurred on PCCW business. A guiding
principle in settling expenses is that there should neither be loss nor benefit
financially as a result of any reasonable expense incurred on PCCW business. 

(b)
          
Claims for expenses must be approved by PCCW. No employee is entitled to
authorise his own expenses. 

 

PCCW 

Page 5

 

17.            
Employment

(a)        
  You will not
(without the prior written consent of PCCW or such of its subsidiaries, holding
or associated companies) during your employment, directly or indirectly be
engaged in, or provide services to any other person, company, business entity
whatsoever (whether as an employee, officer, director, agent, shareholder, if
such shareholding is more than 5% of a company, partner, consultant or
otherwise) it being the intention of PCCW or such of its subsidiaries, holding
or associated companies that you will devote your time and attention to the
service of PCCW or such of its subsidiaries, holding or associated companies.

(b)       
 As PCCW or such of its subsidiaries, holding
or associated companies may have interests and business dealings overseas, in
the performance of your duties of employment with PCCW or such of its
subsidiaries, holding or associated companies, PCCW shall be entitled to require
you from time to time to work overseas. 

18.            
Representation of Employee 

You represent and warrant that you
are not bound by or subject to any court order, agreement, arrangement or
undertaking (including, but without limitation, any non-competition or
non-solicitation undertakings) which may in any way restrict or prohibit you
from entering into this contract of employment or from performing your duties
and providing services under this contract of employment on the same terms and
conditions. 

19.           
Disclosure of Information and Conflict of Interest

(a)        
 Within seven
days from the commencement of your employment, and thereafter once in every six
months during the term of your employment, you are required to disclose to PCCW
in writing full details of any interest you have (whether legally or
beneficially or through any agent and including any interest in any share or
loan capital or other securities) in any company or other commercial entity or
body corporate or unincorporate ("Interest"). For the purposes of disclosure you
shall be taken to be interested in and required to disclose any Interest of your
spouse, children under 21 years of age or any corporation which acts, or the
directors of which are accustomed to act, in accordance with your directions or
instructions or in respect of which you are entitled to exercise or control the
exercise of one-quarter or more of the voting powers at general meetings of that
corporation. Whether any Interest so disclosed is in a company or other
commercial entity or body corporate or unincorporate, you shall disclose, so far
as you are aware having made all reasonable enquiries, all Interests of such
other company or other commercial entity or body corporate or unincorporate. 

(b)      
  If required at any time by PCCW, you shall
dispose of, or shall procure your spouse or children under 21 years of age as
the case may be to dispose of, any Interest disclosed or required to be
disclosed to PCCW. In addition, without altering your duty to make the necessary
disclosure, you shall be required to 

 

PCCW 

Page 6 

dispose of any Interest
which you bona fide hold as an investment of a personal nature if such Interest
is in conflict with the business or affairs of PCCW or it subsidiaries, holding
or associated companies or any company that forms part of the Pacific Century
Group. 

(c)
        
Furthermore, you shall promptly disclose to PCCW all information or material
which at any time shall have come to your knowledge or into your possession
which may be used by PCCW or its subsidiaries, holding or associated companies
or any company that forms part of the Pacific Century Group for the carrying on
or development of its or their existing businesses or the development of a new
business. 

(d)
        
Without prejudice to any other provisions of this letter, you agree to declare
any of your business in conflict with the business or activities of PCCW or such
of its subsidiaries, holding or associated companies, at the date hereof or in
which you may subsequently become involved in reasonable detail to PCCW or such
of its subsidiaries, holding or associated companies. 

20.           
Non-Competition 

You acknowledge that during the
course of your employment with PCCW, you will become familiar with PCCW's trade
secrets and with other confidential information concerning PCCW and its
subsidiaries, holding or associated companies or any company that forms part of
the PCCW Group and that your services will be of a special, unique and
extraordinary value to PCCW. You agree that during the Term hereof and for six
months thereafter, you shall not directly or indirectly own, manage, control,
participate in, consult with, render services for, or engage in any business
competing with the businesses of PCCW or its subsidiaries, holding or associated
companies. For the purposes of this Agreement, the "businesses of PCCW" includes
without limitation any potential business being considered or developed by PCCW
or any of its subsidiaries, holding or associated companies.

21.           
Non-Solicitation of Customers 

You hereby covenant and undertake
that for a period of 12 months after termination of this agreement for whatever
reason you will refrain whether on your own account or on the account of any
future employer, partner or associate from soliciting or otherwise approaching
any party who is or has been during the 12 months preceding the date of
termination of this agreement a client or customer in Hong Kong of any company
in the PCCW Group. 

22.          
Non-Dealing with Customers 

You hereby covenant and undertake for
a period of 12 months after termination of this agreement for whatever reason
that you will refrain whether on your own account or on the account of any
future employer, partner or associate from dealing with or otherwise having
business dealings with any party who is or has been during the 12 months
preceding the date of termination of this agreement a client or customer in Hong
Kong of any company in the PCCW Group. 

PCCW 

Page 7 

23.          
Non-Solicitation of Employees 

You hereby covenant and undertake
that for a period of 12 months after termination of this agreement for whatever
reason you will refrain whether on your own account or on the account of any
future employer, partner or associate from directly or indirectly:-

(a)        
  engaging as an employee, agent,
independent contractor, or otherwise any person who is an employee of any
company in the PCCW Group at the time of termination of this agreement; and 

(b)
         
inducing any such person to terminate his or her employment with any company in
the PCCW Group whether or not such termination constitutes a breach of that
person's employment contract or other contract. 

24.           
Restrictions Reasonable 

If any of the restrictions contained
in this agreement shall be adjudged by a Court of competent jurisdiction to be
void as going beyond what is reasonable in all the circumstances for the
protection of the legitimate interests of the PCCW Group and would be valid if
part of the wording thereof were deleted, or the period (if any) thereof were
reduced, the said restrictions shall apply with such modifications as may be
necessary to make it valid and effective. 

25.            
Severability 

If any provision of this agreement
was held by any Court of competent jurisdiction to be invalid or unenforceable
in whole or in part, the remaining provisions of this agreement shall continue
in full force and effect. 

26.            
Garden Leave 

During any period of notice, whether given by either
party, PCCW has the right to require you to remain on paid leave ("garden
leave") during which:- 

(a)           
 PCCW will pay your full salary and
benefits; 

(b)           
 PCCW will have no obligation to
provide you with any work; 

(c)
           
you must not work for any person or any business other than companies in the
PCCW Group; and 

(d)
           
you will not be entitled to enter any premises of any company in the PCCW Group
without prior express permission. 

27.          
 Confidentiality 

It is a condition of this contract of
employment that you will keep confidential and not disclose, exploit or use
neither for your own purpose nor for any purpose other than that of PCCW,
directly or indirectly, during and subsequent to your employment with

PCCW 

Page 8

PCCW, any information in
relation to the private affairs of PCCW or any of its subsidiaries, holding or
associated companies obtained by virtue of this employment or during your work
with PCCW or any of its subsidiaries, holding or associated companies. Any
breach or failure to observe this condition will make you liable to immediate
dismissal without compensation and PCCW reserves the right to take appropriate
action. 

28.          
 Confidential Information 

You hereby covenant and undertake
that for a period of [twelve] months after the termination of this agreement for
whatever reason you will keep confidential the following confidential
information:- 

(a)     
      information (other than publicly available information) relating to the
marketing and sale of residential units and car parks in the CyberPort; 

(b)   
        information (other than publicly
available information) relating to PCCW's Fixed Telecommunications Network
Services Licence issued by the Office of the Telecommunications Authority of
Hong Kong; 

(c)
          
the PCCW Group's dealings with the Office of the Telecommunications Authority of
Hong Kong; and 

(d)
          
cost and pricing information relating to services provided by the PCCW Group.

29.          
 Governing Law 

This contract shall be governed in accordance with
the laws of the Hong Kong Special Administrative Region of the People's Republic
of China. 

Please signify your acceptance of this offer by signing and returning to me
the attached duplicate. 

 

 

PCCW 

Page 9  

I have received a copy of this letter and have read and
understood its contents. I accept that the contents of this letter and its
attachments constitute my contract of employment. I also understand that any
alterations shall be mutually agreed and will be notified to me personally.

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