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This New Employment Contract For Existing Employees is designed for Nigerian companies needing to update or standardize their employment documentation while maintaining existing employment relationships. It's commonly used during corporate restructuring, after mergers or acquisitions, when updating employment policies, or when transitioning from informal to formal employment arrangements. The document ensures compliance with Nigerian labor laws while preserving employees' accrued rights and benefits. It's particularly relevant when companies need to implement uniform employment terms, update contracts to reflect current legal requirements, or formalize previously undefined terms of employment. The contract template includes provisions for maintaining service continuity, protecting existing benefits, and clearly defining employment terms in accordance with Nigerian employment legislation.

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

2. Background: Context of the new contract, including reference to existing employment relationship and reason for new contract

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

4. Term and Continuity: Duration of employment, confirmation of continuous service from original start date

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

6. Place of Work: Primary workplace location and any mobility requirements

7. Hours of Work: Standard working hours, overtime provisions, and work schedule

8. Remuneration: Salary, payment frequency, and method of payment

9. Benefits: Standard benefits including pension, health insurance, and other contractual benefits

10. Leave Entitlements: Annual leave, sick leave, public holidays, and other leave provisions

11. Confidentiality: Obligations regarding company confidential information

12. Protection of Business Interests: Non-compete and non-solicitation provisions

13. Disciplinary and Grievance Procedures: Process for handling workplace disputes and disciplinary matters

14. Termination: Notice periods and grounds for termination

15. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction

16. Entire Agreement: Clause confirming this contract supersedes previous agreements while maintaining continuity of employment