Dae-seung N School

Employment Contract

POSITION: English Language Instructor

EMPLOYER                                      EMPLOYEE

School's Name: 대성N스쿨(Choong Deok Kim)   Employee's Name:

Address: 1429-1 Jung-dong                    Address:

Kwang-yang city Korea

(Hereafter to be referred to as the Employer)          (Hereafter to be referred to as the Employee)

The parties agree as follows:

I. TERM OF CONTRACT

1. This contract will be valid for a period of 12 months beginning 2008/09/01

and ending 2009/08/31

II. CONDITIONS OF EMPLOYMENT

1. The Employee will act in an appropriately professional manner and be responsible for

conducting professional English Language classes.

2. The Employee will be required to work for regularly scheduled hours from Monday to

Friday (no Sundays or Saturdays except at Employee's option), and 30 teaching hours

per week.(The teaching hours mentioned means one class lasting 45 or 50 minutes.)

3. The in-office hour during the employment may vary with discretion of academic director for

orientation, training and adaptation to the new working environment purposes without

overtime pay paid to the employee. Normal work duties shall include 30 teaching hours

per week and in-office working hours (6 hours on weekdays). Except for this case,

the Employee will be required to come to work 20 minutes earlier than the first class.

4. The Employee will be required to give phone teaching to students the school designates

for the improvement of his or her speaking skill every other week.

5. The Employee should write down teaching plans on the Class Handbook before classes.

6. The Employee is required to go through an orientation and training program before

starting Employment.

III. COMPENSATION AND OTHER TREATMENT OF EMPLOYEE

1. PAYMENT

1.1 The Employer will pay a monthly salary of W2,300,000 for regularly scheduled hours

worked. (Payment of salary commences from the first day of teaching).

1.2 If the Employee has not worked the regularly scheduled hours due to tardiness,

absence and etc, the salary over the absence will be calculated using a daily rate or

and hourly rate and subtracted from the total salary.

(Daily rate: Monthly salary divided by workable days of the month multiplied by

the actual worked days.  Hourly rate: Daily rate divided by the actual worked hours.)

1.3 The Employer may ask the Employee to work overtime (the Employee has an option

to refuse and will not be forced). and if the Employee chooses to do overtime the

Employer will pay for the overtime at the rate of W20,000.

1.4 Pay period begins on the first day and ends on the last day of each month and the

monthly salary is to be made on 15th of the following month.

1.5 Tax for income will be deducted from the salary according to the Korean Tax Law.

(currently 4% of gross salary.)

2. HOUSING

2.1 The Employer will provide the Employee a furnished apartment which would be a single

or two bedrooms and the apartment will be provided at no cost to the Employee with

the exception of maintenance and phone, water, gas, and electricity bills. (In case the

apartment has a "Gwanlee" bill, the Employee must pay it. The "Gwanlee"bill is charged

monthly by the landlord for cleaning, guarding or maintaining the apartment.)

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3. TRANSPORTATION

3.1 Employee shall purchase an economy class round-trip ticket from the point of hire for

passage on a regularly scheduled airline to Korea. Employer will reimburse Employee for the

airplane ticket within one (1) month of the termination of the contract period.

3.2.  Employer can, at the director's discretion, purchase an economy class round-trip ticket for

the employee. If the employer purchases the airfare for the employee, the airfare total will

be deducted from the first three months of the employee's salary.  This is institute security

and the total airfare will be reimbursed to the employee before departing Korea.

3.3 Upon completion of a one-year contract a return air ticket to Hometown will be

provided.

3.4 In the event that Employee voluntarily resigns prior to the termination of the term of this

Agreement, Employee shall NOT receive the return airline ticket purchased by Employer.

3.5 The completion of a contract means filling a 12-month period after the issuance of an

E-2 Visa from Korean Immigration Office.

4. MEDICAL INSURANCE

4.1 The half of insurance premium will be paid by the Employee and the other half paid by

the Employer. (Participation in a health plan is of obligation).

5. RETIREMENT FEE

5.1 Upon completion of this contract, the Employer will pay one month's salary (￦2,300,000)

as a retirement payment to the Employee. This payment will be made at the time of

completion of the contract period.

6. PAID VACATION AND PAID SICK LEAVE:

6.1 Employee will receive ten(10)days paid off in total : ten (10) paid school vacation (summer

and winter, each 5 days fixed). The days in which the Employee does not regularly work

I.e.. Saturday, Sundays and National Holidays are not to be considered as part of the

vacation period. Unused vacation days will not be bought from Employee.

6.2  In addition, Employee may take up to two (2) days of paid sick leave with the doctor's note.

Unused sick leave may not be taken as vacation leave, but will be bought from Employee. If

more than two (2) days of sick leave is taken by Employee, pay will be deducted from salary

per number of excess sick leave days taken.

6.3 Paid vacation days can be substituted for sick days once the 2 paid sick days have

been used by the Employee.

7. VOLUNTARY RESIGNATION:

7.1 In the event that Employee voluntarily resigns prior to the termination of the term of this

Agreement, Employee shall NOT receive reimbursement for the round-trip airline ticket

purchased by Employee. The Academic Supervisor must be notified ninety (90) days prior to

Employee's last working day. Fail to do so would result in all the decisions are left to

Academic director's discretion. Any resignation occurs within 6months, Employee must pay the

total amount of recruiting fee(￦1,200,000)to Employer.(up to 9months, 50% of recruiting fee).

IV. RENEWAL & TERMINATION OF CONTRACT

1. RENEWAL

1.1 The Employee must give the Employer a written 60-day notice before renewal of none-

renewal of the Employee's current contract.

1.2 Both the Employer and the Employee reserve the option to renew the contract.

2. TERMINATION OF CONTRACT

2.1 Both parties will give at least a written 60-day notice prior to the termination date of

the contract.

2.2 The Employer retains the right to terminate the contract immediately if:

a. The Employee is unable to discharge the responsibilities or meet the conditions such

as being late for class on a continuous basis, continuous failure to keep regularly

scheduled class hours and repeated absences from classes without a valid reason.

b. The Employee teaches off the Employer's property.

c. The Employee uses illegal drugs or is intoxicated during work hours.

d. The Employee participates in any type of criminal activity of corruption of public

morals which violates the laws of the Republic of South Korea.

2.3  If, for any reason, the contract is terminated before the full completion of the contract

period:

a. The Employee will not qualify for benefits such as retirement pay and the airfares.

b. The Employee will be wholly responsible for any utilities and phone bills until he or

she stays in the house.

c. The Employee will be responsible for reimbursing of the cost of initial airfare to

Employer.

2.4  Within 14-days the Employee is required to sign a notice of termination and accompany

the employer to the Korean Immigration Office to notify the Korean Immigration office of

the termination.

3. DUTY OF EMPLOYEE

This contract is strictly confidential between the Employer and the Employee (refer to page

no. 1).

The Employee does not discuss, pass on or disclose the information with any third party

regarding an inclusion of contract.

Therefore, the Employee takes responsibilities for disclosure of the contract.

V. GOVERNING LAW & JURISDICTION

1.  This contract is governed by the law of the Republic of Korea.

2.  This contract is made final and firm unless any material modification or amendment to

this contract is executed with the full knowledge and consent of the undersigned and

incorporated into this contract.

In witness thereof, we have affixed our signatures hereon.

Employee: ______________________ ________________________   Date: _______________________

Employer: _______________________ ________________________  Date:_______________________