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Guaranteed Employment Contract

Guaranteed Employment Contract Template for Australia

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Key Requirements PROMPT example:

Guaranteed Employment Contract

"I need a Guaranteed Employment Contract for a Chief Technology Officer position in a fintech startup, with a 3-year guaranteed term starting March 1, 2025, including provisions for equity compensation and international travel between Australia and Singapore."

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Document background
The Guaranteed Employment Contract is designed for use in situations where an organization wishes to provide enhanced employment security to key personnel or strategic hires within the Australian jurisdiction. This document type is particularly relevant when recruiting senior executives, specialized professionals, or during corporate restructuring where retention of critical staff is essential. The contract provides comprehensive coverage of employment terms while incorporating specific provisions that limit the employer's ability to terminate the employment relationship except under defined circumstances. It must comply with Australian employment law, including the Fair Work Act 2009 and National Employment Standards, while offering additional protections and benefits beyond statutory minimums. The document typically includes detailed sections on performance expectations, remuneration packages, and specific guarantees regarding the duration and security of employment.
Suggested Sections

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

2. Background: Context of the employment relationship and purpose of the guaranteed employment contract

3. Definitions: Definitions of key terms used throughout the contract

4. Term of Employment: Duration of the guaranteed employment period, including start date and any minimum commitment period

5. Position and Duties: Job title, role description, key responsibilities, and reporting relationships

6. Location of Work: Primary work location and any flexibility arrangements

7. Hours of Work: Standard working hours, overtime arrangements, and flexibility provisions

8. Remuneration: Base salary, superannuation, payment frequency, and review mechanisms

9. Leave Entitlements: All leave types including annual, personal/carer's, long service, and parental leave

10. Performance and Reviews: Performance expectations, review process, and KPIs

11. Confidentiality: Obligations regarding confidential information and intellectual property

12. Termination: Grounds for termination, notice periods, and process

13. Post-Employment Obligations: Restraints of trade and ongoing obligations

14. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and variation

Optional Sections

1. Probation Period: Include if the role has an initial probation period despite being a guaranteed contract

2. Bonus and Incentives: Include if the role includes performance bonuses or other incentive schemes

3. Company Policies: Include if specific company policies need to be explicitly referenced and incorporated

4. International Travel: Include if the role requires international travel or overseas assignments

5. Equipment and Resources: Include if specific equipment or resources are provided as part of the role

6. Flexible Working Arrangements: Include if specific flexible working arrangements are agreed

7. Training and Development: Include if specific training or development commitments are part of the agreement

8. Guarantor Provisions: Include if a parent company or other entity is guaranteeing the employment

Suggested Schedules

1. Schedule 1 - Position Description: Detailed position description including all responsibilities and requirements

2. Schedule 2 - Remuneration Details: Comprehensive breakdown of salary package, benefits, and incentives

3. Schedule 3 - Performance Criteria: Specific KPIs and performance measurement criteria

4. Schedule 4 - Company Policies: List of applicable company policies referenced in the contract

5. Schedule 5 - Restraint of Trade: Detailed restraint provisions including geographical and temporal limits

6. Appendix A - Statutory Entitlements: Summary of relevant statutory entitlements under Australian law

7. Appendix B - Reporting Structure: Organizational chart showing reporting relationships

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





























Clauses


































Relevant Industries

Financial Services

Mining and Resources

Technology

Professional Services

Healthcare

Education

Manufacturing

Construction

Telecommunications

Energy

Media and Entertainment

Relevant Teams

Executive Leadership

Senior Management

Research and Development

Product Development

Corporate Strategy

Operations

Finance

Legal

Human Resources

Information Technology

Sales

Business Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Managing Director

Executive Director

Senior Vice President

Department Head

Project Director

Principal Scientist

Senior Research Fellow

Lead Engineer

Key Account Director

General Manager

Regional Director

Head of Strategy

Chief Medical Officer

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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