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5 Year Employment Contract for New Zealand

5 Year Employment Contract Template for New Zealand

This comprehensive employment contract template is designed for long-term employment relationships in New Zealand, structured as a five-year fixed-term agreement. It incorporates all necessary elements required under New Zealand employment law, including compliance with the Employment Relations Act 2000 and related legislation. The document provides detailed terms and conditions of employment, including position responsibilities, remuneration, benefits, leave entitlements, and termination provisions, while ensuring flexibility for customization across different industries and role levels. It includes specific provisions for long-term employment security while maintaining compliance with New Zealand's fixed-term employment requirements.

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What is a 5 Year Employment Contract?

This 5 Year Employment Contract is designed for organizations seeking to establish long-term employment relationships with key personnel in New Zealand. It is particularly suitable for senior positions, specialized roles, or strategic hires where both employer and employee benefit from a longer-term commitment. The contract template has been developed to comply with New Zealand employment legislation, including the Employment Relations Act 2000, while providing comprehensive coverage of employment terms and conditions. It includes provisions for regular performance reviews, salary adjustments, and career development opportunities, making it ideal for retaining top talent and ensuring business continuity. The document is structured to protect both employer and employee interests while maintaining flexibility for specific role requirements and industry standards.

What sections should be included in a 5 Year Employment Contract?

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

2. Background: Context of the employment relationship and purpose of the agreement

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

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

5. Term and Commencement: Specific start date and five-year term details, including any trial period if applicable

6. Hours of Work: Standard working hours, days, flexibility requirements, and overtime provisions

7. Location of Work: Primary work location and any flexibility or travel requirements

8. Remuneration: Base salary, review periods, payment frequency, and method of payment

9. Leave Entitlements: Annual leave, sick leave, bereavement leave, and public holiday entitlements

10. KiwiSaver: KiwiSaver arrangements and employer contributions

11. Health and Safety: Health and safety obligations and responsibilities

12. Confidentiality: Confidentiality obligations regarding company information

13. Intellectual Property: Ownership and rights regarding work-created intellectual property

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

15. Dispute Resolution: Process for resolving employment disputes

16. General Provisions: Standard contract clauses including entire agreement, governing law, and amendments

What sections are optional to include in a 5 Year Employment Contract?

1. Commission/Bonus Structure: Details of any performance-based compensation, used when role includes variable pay components

2. Vehicle Allowance: Terms of vehicle usage or allowance, included when position requires regular travel

3. Restraint of Trade: Non-compete and non-solicitation provisions, used for senior or client-facing roles

4. Flexible Working Arrangements: Details of any flexible working arrangements, used when non-standard working patterns are agreed

5. International Travel: Terms for international travel and associated benefits, included for roles requiring overseas travel

6. Professional Development: Professional development and training provisions, used when specific ongoing training is required

7. Share Options/Equity: Details of any share option or equity schemes, included for senior executive roles

8. Working from Home: Specific provisions for remote working arrangements, used when role allows remote work

What schedules should be included in a 5 Year Employment Contract?

1. Schedule 1: Position Description: Detailed position description including key performance indicators

2. Schedule 2: Remuneration Package: Detailed breakdown of the total remuneration package including benefits

3. Schedule 3: Company Policies: List of applicable company policies that form part of the employment terms

4. Schedule 4: IT and Communications Systems: Details of provided IT equipment and acceptable use policies

5. Appendix A: Code of Conduct: Company's code of conduct and expected behavioral standards

6. Appendix B: Expense Policy: Policy regarding business expense claims and reimbursement

7. Appendix C: Performance Review Framework: Details of performance review process and criteria

Authors

Alex Denne

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

Jurisdiction

New Zealand

Publisher

Ƶ

Document Type

Employment Contract

Cost

Free to use
Relevant legal definitions



































Clauses








































Relevant Industries

Technology

Financial Services

Manufacturing

Professional Services

Healthcare

Education

Construction

Mining and Resources

Telecommunications

Research and Development

Agricultural

Retail

Hospitality

Transportation and Logistics

Relevant Teams

Human Resources

Legal

Finance

Operations

Research and Development

Information Technology

Sales

Marketing

Engineering

Product Development

Customer Service

Administration

Quality Assurance

Strategy

Corporate Affairs

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Senior Manager

Research Director

Principal Scientist

Head of Department

Regional Manager

Project Director

Senior Specialist

Technical Lead

Principal Consultant

Department Head

Senior Academic

Program Director

Chief Engineer

Senior Architect

Operations Manager

Development Manager

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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