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An Employment Agreement is used when an employee is hired or re-hired, and states the compensation the employee will receive, and any other terms and conditions of employment that may exist. Typically, employment agreements cover such topics as rate and frequency of payment, vacation time, confidential obligations (if any), benefits or stock options, termination period, and several related details.
This document is accurate and up to date! It was last reviewed by a lawyer in November 2014.
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Defined Term Employment Contract
THE PARTIES TO THIS AGREEMENT ARE:
Employer: (hereinafter referred to as "the Company")
Employee: (hereinafter referred to as "the Employee")
COMMENCEMENT AND POSITION:
The Employee will be employed as a _______________ and the place of business is ______________.
This Contract will commence on ______________ and expire on _________________.
It is expressly understood that this is a contract for a fixed term. Upon expiry of the contract, it is understood that the relationship between the parties has ended, with NO NOTICE period required. Should the parties wish to continue with the relationship, a new contract must be executed.
THE EMPLOYEE UNDERTAKES:
to obey and comply with all lawful and reasonable instructions given to him / her by superiors including duties not specifically mentioned but which may be reasonably incidental thereto;
to devote all of his / her time, attention, knowledge and skill exclusively to the business and interests of the Company;
not to undertake any contracts or other commitments on behalf of the Company without the written consent of the Company;
to observe the Policies and Procedures set by the Company from time to time in the conduct of its business;
HOURS OF WORK:
The Employee shall be obliged to work such lawful hours as required by the Company up to ______ hours per week and as per the contractual agreement, included overtime work remunerated at the agreed rate.
Notwithstanding the above, in the event of emergency work arising it will be compulsory for the Employee to work emergency overtime.
The Employee will be remunerated at the rate of __________________________________________ as agreed at the time of your interview, for the hours worked as indicated in 4 above.
The Company shall be entitled to deduct, from the remuneration:
any amount that the Company is legally obliged to deduct;
any amount in respect of which the Employee's written authority has been given.
any amount for loss or damage to the Company that the Employee has caused.
NOTICE OF TERMINATION:
This employments contract will terminate as outlined above with NO notice period necessary.
This employment agreement and any exhibit attached constitute the sole and entire agreement.
Signed at ______________________ on this ____ day of November, 2014