Employment Contact

Welcome to the Employment Contract Key Points page. This page is designed to guide you through important details from your contract as you prepare for your transition out of our company. We understand that such a transition can be complex, and we want to ensure that you are fully aware of all the crucial aspects involved.The information provided here outlines key points from your contract, including topics such as the relocation subsidy, confidentiality agreements, termination conditions, and compliance with company rules. It's crucial to understand the implications of these elements for a smooth and informed transition.Whether you are relocating, transitioning to a new role, or retiring, we want to support you through every step of the process. Please take the time to read through the important points listed on this page to familiarize yourself with our off-boarding process. Remember, we're here to assist you, so don't hesitate to reach out if you have any questions or concerns.

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Employment Agreement Key Points

For instructors who are resigning from the company, here are some important points and details from the contract that an employee might find important:

□ Relocation Subsidy (Arrival)

If you received a Relocation Subsidy of up to 1,200,000 KRW when your employment began at CREVERSE and did not complete your one-year Employment Contract, the Relocation Subsidy will be withheld from your final pro-rated pay, or you will be required to return the full amount to the company’s corporate bank account.

Refer to your Employment Agreement Contract:

Article 12: Relocation Subsidy

Up to 1,200,000 KRW relocation subsidy (applicable Korean taxes will be deducted) to be paid within first pay. Proper receipts must be furnished.
If the Instructor quits or is terminated before first pay, the subsidy shall not be paid. The relocation subsidy is provided under the assumption that the instructor will fulfill the one year contract. If the instructor does not complete the contract for whatever reason, the subsidy shall be withheld from the final pay.
The relocation subsidy is only available to Instructor entering Korea from another country for the sole purpose of working for the Company.

□ Relocation Subsidy (Departure)

If you have completed at least two years of your Employment Agreement, you are eligible to receive a 1,000,000 KRW relocation subsidy, provided you complete your current contract and have formally submitted a Letter of Resignation.

Refer to your Employment Agreement Contract:

Article 12: Relocation Subsidy

Upon meeting all of the following conditions, instructors will receive a one-time payment of 1 million KRW as a relocation subsidy (applicable Korean taxes will be deducted)

has minimally completed 2nd year contract
completes current contract
submits formal resignation

□ Confidentiality

The Instructor must maintain the confidentiality of the Company's Proprietary Information—including customer data, intellectual property, trade secrets, and employment terms—both during and for one year after employment, using such information only as necessary for work and not disclosing it without prior written consent. Upon request or termination, all such materials must be returned. The Instructor is expected to uphold these obligations in good faith and understands that any breach may result in disciplinary action and potential civil or criminal liability. Additionally, the Instructor acknowledges that salary and other employment terms are confidential and must not be shared with third parties.

Refer to your Employment Agreement Contract:

Article 14: Confidentiality

As an employee of the Company, I agree that I will not disclose or use the Proprietary Information of the Company or its customers, except as required in the course of my employment, either during the term of the Instructor’s employment and for one year thereafter, without the prior written consent of the Company.
"Proprietary Information" as used in this Agreement shall mean all materials, product information, vendor information, customer information, designs, plans, specifications, intellectual property and intellectual property applications, trade secrets, sales/marketing information, computer applications, sales methods, personnel related information, and any other proprietary information and data, that the Instructor may obtain as a result of or in connection with my employment with the Company from the Company or its customers. At the Company's request or upon conclusion of my employment, the Instructor will deliver or return to the Company the originals and all copies of the Proprietary Information then in the Instructor’s possession or under the Instructor’s control. The Instructor shall hold in strict confidence and not disclose to any person, firm and/or corporation the specific terms and conditions (including the amount of payment) under any agreement with the Company and/or the circumstances involving the execution of any such agreement mentioned above.
The Instructor understands the obligations regarding confidentiality as an employee of the Company and hereby covenants to fulfill such obligations in good faith. The Instructor hereby acknowledges and agrees that failure to comply with any of the foregoing covenants would subject the Instructor to any disciplinary action by the Company and any and all civil and/or criminal liabilities, including compensation for damages.
The Instructor also understands that the conditions related to the Instructor’s employment, particularly the Instructor’s salary, are confidential. The Instructor understands that the Instructor is not to disclose this information to any 3rd party and that the Instructor will be subject to disciplinary action if done so.

□ Other Important Points

The Instructor must comply with the Company's rules, including its code of conduct and employment policies. Any matters not explicitly addressed in the agreement will be governed by the Labor Standards Act and other applicable labor laws of Korea.

Refer to your Employment Agreement Contract:

Article 17: Governing Laws and Arbitration

Matters not provided for in this Agreement shall be governed by the LSA and other labor-related laws of Korea.
The parties agree to submit any unresolved controversy, dispute, or claim to the exclusive jurisdiction of Seoul Central District Court.

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