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The Indemnity Employment Contract is designed for use in situations where either the employer needs to provide protection to employees making significant decisions on behalf of the company, or where the company requires protection against potential actions of employees in positions of trust. This document is particularly relevant in Hong Kong's business environment, where complex commercial relationships and regulatory requirements necessitate clear risk allocation. The contract combines standard employment terms with specific indemnification provisions, making it suitable for senior executives, financial officers, and other positions with significant responsibility or risk exposure. It ensures compliance with Hong Kong employment law while providing additional protection through carefully structured indemnity clauses.

1. Parties: Identification of the employer and employee with full legal names and addresses

2. Background: Context of the employment relationship and purpose of the indemnity agreement

3. Definitions: Key terms used throughout the agreement including definition of indemnified events, losses, and claims

4. Appointment and Term: Position, job title, commencement date, and duration of employment

5. Duties and Responsibilities: Core responsibilities, reporting structure, and performance expectations

6. Remuneration and Benefits: Salary, bonuses, allowances, and statutory benefits

7. Working Hours and Leave: Standard working hours, overtime arrangements, and various leave entitlements

8. Indemnification Obligations: Scope of indemnity, covered events, and extent of protection

9. Exclusions from Indemnity: Specific circumstances where indemnification will not apply

10. Claims Procedure: Process for making and handling indemnification claims

11. Confidentiality: Protection of company information and trade secrets

12. Termination: Grounds for termination and notice requirements

13. Post-Termination Obligations: Continuing obligations after employment ends

14. Governing Law and Jurisdiction: Confirmation of Hong Kong law application and jurisdiction