2. Term of Employment
Subject to the termination provisions set forth below, this Agreement shall become effective on ( M/D/Y ) and the employment is deemed to commence on the same date.
3. Remuneration
3.1 The salary for the Employee in return of working for the Company under this Agreement shall be THB xx,000 (xxxxxxx Thousand Baht only) per month, payable at regular payroll periods.
3.2 Employee shall be eligible for a Management By Objective (MBO) Variable Incentive of THB x,000 (xxxx Thousand Baht only) per month. The actual amount of MBO Incentive to be paid to employee will be subject to his performance against the monthly performance targets approved by his immediate supervisor. Other relevant remuneration package is described in Annex 2 attached hereto.