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New Employment Contract For Existing Employees
"I need a New Employment Contract For Existing Employees for our software development company in Ontario, focusing on updating remote work policies and implementing new intellectual property provisions for our development team of 20 people, to be effective March 1, 2025."
1. Parties: Identification of the employer and employee, including legal names and addresses
2. Background: Context of the new agreement, including reference to existing employment relationship and reason for new contract
3. Definitions: Key terms used throughout the agreement
4. Position and Duties: Job title, responsibilities, reporting relationships, and any changes from current role
5. Term and Hours of Work: Employment duration (if not indefinite), regular working hours, overtime arrangements
6. Compensation: Base salary, payment schedule, and reference to continuation of existing pay rate
7. Benefits and Vacation: Health benefits, insurance, vacation entitlement, and other standard benefits
8. Confidentiality: Protection of company confidential information and trade secrets
9. Intellectual Property: Ownership of work product and innovations created during employment
10. Non-Competition and Non-Solicitation: Restrictions on post-employment competition and solicitation of employees/clients
11. Termination: Grounds for termination, notice periods, and severance provisions
12. Governing Law: Specification of Canadian law and relevant province
13. Entire Agreement: Integration clause and relationship to previous agreements
14. Acknowledgment: Employee acknowledgment of understanding and agreement to terms
1. Remote Work: Terms for working from home or remote locations, if applicable
2. Commission Structure: For sales or commission-based roles
3. Equity Compensation: For positions including stock options or other equity-based compensation
4. International Travel: For roles requiring international travel
5. Performance Bonus: Structure and terms of any performance-based compensation
6. Professional Development: Terms for training, education, and professional certifications
7. Flexible Benefits: If offering flexible or cafeteria-style benefits plans
8. Relocation: Terms for any required relocation
9. Vehicle Allowance: For positions providing company vehicles or car allowances
10. Severance Enhancement: Additional severance terms beyond statutory minimums
1. Schedule A - Compensation Details: Detailed breakdown of salary, benefits, and any changes from current compensation
2. Schedule B - Job Description: Detailed description of role, responsibilities, and performance expectations
3. Schedule C - Benefits Summary: Comprehensive list of benefits and eligibility criteria
4. Schedule D - Company Policies: Reference to key company policies that form part of employment terms
5. Schedule E - Confidential Information: Specific details of what constitutes confidential information
6. Appendix 1 - Previous Employment Terms: Summary of key terms from previous employment arrangement being preserved
7. Appendix 2 - Change Summary: Summary of changes between old and new employment terms
Authors
Technology
Financial Services
Manufacturing
Retail
Healthcare
Professional Services
Education
Construction
Mining
Energy
Telecommunications
Transportation
Hospitality
Real Estate
Media and Entertainment
Human Resources
Legal
Finance
Operations
Sales
Marketing
Information Technology
Research and Development
Customer Service
Administration
Product Development
Quality Assurance
Business Development
Corporate Communications
Facilities Management
Chief Executive Officer
Director
Manager
Supervisor
Senior Analyst
Project Manager
Sales Representative
Administrative Assistant
Technical Specialist
Professional Staff
Operations Manager
Department Head
Team Lead
Executive Assistant
Senior Consultant
Account Manager
Human Resources Manager
Financial Analyst
Software Developer
Research Specialist
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