New Zealand Compensation Agreement

This document is up to date! It was last reviewed by a lawyer in November 2023.

New Zealand Compensation Agreement

A compensation agreement is used to supplement an already existing employment agreement between an employer and employee. The compensation agreement is used to describe a revised employee payment scheme and when it will be in effect; the remainder of the employment terms are unaffected.


Simply answer the questions below to personalize your Compensation Agreement

Compensation Agreement template free sample

Sample Compensation Agreement

New Zealand Compensation Agreement


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Governing Jurisdiction:

Employer Information:

 

Employee Information:

 

Employment Agreement Information:

 

Prior Compensation Agreement Information:

 

Payment Details:

(e.g. The Employee will receive thirty (30) percent of his sales.)
(e.g. The Employee will receive thirty (30) percent of his sales.)
 

Payment Frequency:

Other Compensation Details:

 

Other Optional Provisions:

By selecting 'yes', the Employee can transfer its rights in this agreement to another person.
By selecting 'yes', you are saying that if one part of this agreement is invalid for some reason, you want the rest of the agreement to be enforced.
By selecting 'yes', you are saying that all changes to the compensation are written in the agreement, and anything not written in the agreement will not be honoured.
 

Additional Clauses:

(eg: I wish for the Employee to... This Agreement will...)
 

Date and Duration of Agreement:

Date of Signing:
Duration of Agreement: