¶¶Òõ¶ÌÊÓƵ

The Lifetime Employment Contract is a specialized agreement used in the Canadian employment context where organizations seek to secure the long-term commitment of key individuals. This type of contract is particularly relevant for family businesses, specialized technical roles, or executive positions where continuity and institutional knowledge are crucial. The document provides comprehensive coverage of employment terms while ensuring compliance with federal and provincial employment standards, human rights legislation, and common law principles. It includes detailed provisions for compensation, benefits, role evolution, and limited termination scenarios, while maintaining flexibility for changing business conditions. This type of agreement is less common in Canada compared to standard employment contracts and requires careful drafting to ensure enforceability while protecting both parties' interests.

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

2. Background: Context of the lifetime employment arrangement and the basis for entering into this unique employment relationship

3. Definitions: Key terms used throughout the agreement including 'Lifetime Employment', 'Cause', 'Disability', etc.

4. Term and Nature of Employment: Specification of the lifetime nature of employment, start date, and conditions for continuation

5. Position and Duties: Employee's role, responsibilities, reporting structure, and duty to adapt to reasonable changes over time

6. Compensation: Base salary, review mechanisms, adjustments for inflation, and performance-based increases

7. Benefits and Perquisites: Health benefits, insurance, pension plans, and other long-term benefits

8. Working Hours and Location: Standard working hours, flexibility provisions, and workplace location specifications

9. Performance Standards: Expected performance levels, review processes, and consequences of underperformance

10. Confidentiality: Protection of company information and trade secrets

11. Intellectual Property: Ownership of work product and innovations created during employment

12. Non-Competition and Non-Solicitation: Restrictions on competing activities and soliciting employees/customers

13. Termination Provisions: Limited circumstances under which the lifetime employment can be terminated

14. Dispute Resolution: Process for resolving disagreements and conflicts

15. Governing Law: Specification of Canadian law and relevant provincial jurisdiction

16. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments