The 5 Year Employment Contract is designed for organizations seeking to establish long-term employment relationships with key personnel while maintaining clarity and legal compliance. This contract type is particularly useful for project-based roles, senior positions, or situations requiring sustained commitment. Governed by English and Welsh law, it incorporates all statutory requirements while providing comprehensive coverage of employment terms, benefits, and obligations. The document is structured to protect both employer and employee interests through clear delineation of rights, responsibilities, and mutual expectations over the fixed term period.
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1. Parties: Identifies the employer and employee with full legal names and addresses
2. Background: Context of the employment relationship and basis for the agreement
3. Definitions: Key terms used throughout the agreement
4. Term and Commencement: Start date and duration of the 5-year contract
5. Role and Duties: Job title, responsibilities, and reporting structure
6. Remuneration: Salary, benefits, and payment terms
7. Working Hours: Standard working hours and overtime provisions
8. Holiday Entitlement: Annual leave and public holiday provisions
9. Sickness and Absence: Sick pay and absence reporting procedures
10. Termination: Notice periods and grounds for termination
1. Commission Structure: Details of commission payments for sales or commission-based positions
2. International Travel: Travel requirements and compensation for roles requiring regular international travel
3. Share Options: Details of any share option schemes for senior executives or when part of compensation package
4. Remote Working: Terms for working from home or remote locations for hybrid or remote positions
1. Job Description: Detailed outline of responsibilities and requirements
2. Benefits Package: Comprehensive list of benefits and terms
3. Company Policies: Key policies referenced in the contract
4. Bonus Scheme: Details of any performance-related bonus arrangements
5. Restrictive Covenants: Post-employment restrictions and non-compete clauses
Relevant legal definitions
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Relevant Industries
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