An Amendment To Severance Agreement is utilized when parties need to modify the terms of an existing severance arrangement in Saudi Arabia. This document becomes necessary when circumstances require adjustments to previously agreed termination terms, such as changes in payment schedules, benefit calculations, or additional conditions. It must strictly adhere to Saudi Labor Law and Sharia principles, particularly regarding end-of-service benefits calculations and payment mechanisms. The amendment typically includes references to the original agreement, specific modifications, and updated calculations of benefits. It's essential for documenting changes in employment separation terms while ensuring compliance with local regulatory requirements, including the Wage Protection System and social insurance regulations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Reference to the original severance agreement, its date, and the reason for amendment
3. Definitions: Key terms used in the amendment, including references to terms from the original agreement
4. Amendment Effective Date: The date when the modifications to the original agreement take effect
5. Scope of Amendment: Clear identification of which provisions of the original agreement are being modified
6. Modified Terms: Detailed description of the changes to the original severance terms
7. Reaffirmation: Confirmation that all other terms of the original agreement remain in full force and effect
8. Governing Law: Confirmation of Saudi Law and Sharia principles as governing law
9. Execution: Signature blocks for all parties and witnesses as required under Saudi law
1. Additional Consideration: Details of any new or additional benefits being provided as part of the amendment
2. Confidentiality Provisions: Additional or modified confidentiality terms, if changes to existing provisions are needed
3. Tax Implications: Clarification of tax treatment if the amendment affects the tax status of payments
4. Release Modifications: Any changes to existing release provisions or additional release terms
5. Dispute Resolution: Modified dispute resolution procedures, if different from original agreement
6. Currency Provisions: Required if payments are to be made in a currency other than Saudi Riyal
1. Schedule A - Revised Payment Terms: Detailed breakdown of modified severance payments and calculation methodology
2. Schedule B - Payment Timeline: Updated schedule of payment dates and amounts
3. Schedule C - Original Agreement: Copy of the original severance agreement being amended
4. Appendix 1 - Required Governmental Approvals: Any necessary regulatory or governmental approvals for the amendment
5. Appendix 2 - Benefits Calculation: Updated calculation of end-of-service benefits under Saudi Labor Law
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Oil & Gas
Technology
Manufacturing
Construction
Healthcare
Professional Services
Retail
Telecommunications
Education
Real Estate
Transportation & Logistics
Relevant Teams
Human Resources
Legal
Finance
Compliance
Employee Relations
Compensation & Benefits
Risk Management
Corporate Affairs
Executive Leadership
Relevant Roles
Human Resources Director
HR Manager
Legal Counsel
Chief Legal Officer
Chief Human Resources Officer
Compensation & Benefits Manager
Employee Relations Manager
HR Business Partner
Chief Financial Officer
Finance Director
Compliance Officer
Risk Manager
Find the exact document you need
Revised Lease Agreement
A Saudi Arabian law-compliant document modifying an existing lease agreement, incorporating updated terms and conditions while ensuring Sharia compliance.
Download
Amended And Restated Agreement
A comprehensive agreement under Saudi Arabian law that combines and updates existing contractual arrangements while ensuring Sharia compliance.
Download
Novation And Amendment Agreement
A Saudi Arabian law-governed agreement that enables the transfer of contractual rights and obligations between parties while implementing amendments to the original contract.
Download
Change In Lease Terms Addendum To Residential Lease
A legal document used in Saudi Arabia to modify existing residential lease terms while ensuring compliance with Saudi law and Shariah principles.
Download
Pet Addendum To Lease Agreement
A Saudi Arabian legal document that supplements a lease agreement to govern pet ownership in rental properties, ensuring compliance with local regulations and Sharia law.
Download
Lease Renewal Addendum
A Saudi Arabian law-compliant document that extends and modifies an existing lease agreement, documenting renewal terms and conditions.
Download
Amendment To Contract For Sale Of (Real Estate)
A Sharia-compliant amendment to modify existing real estate sale contracts under Saudi Arabian law.
Download
Amendment To Consulting Agreement
A legal document under Saudi law that modifies an existing Consulting Agreement, ensuring compliance with local regulations and Sharia principles.
Download
Amendment Of Operating Agreement
A formal modification to an existing Operating Agreement under Saudi Arabian law, incorporating local corporate law requirements and Sharia compliance.
Download
Amended Loan Agreement
A Saudi Arabian law-governed document that modifies an existing Shariah-compliant loan agreement, incorporating amendments while maintaining Islamic finance principles.
Download
Amended And Restated Shareholders Agreement
A Saudi law-governed agreement that updates and restates existing shareholder arrangements while ensuring compliance with local regulations and Sharia principles.
Download
Contract Amendment
A Saudi Arabian law-governed document that modifies specific terms of an existing contract while maintaining other original terms intact.
Download
Construction Contract Amendment
A Saudi Arabian law-governed amendment to modify terms, conditions, or scope of an existing construction contract, ensuring legal and Sharia compliance.
Download
Amendment To Severance Agreement
A Saudi Arabian law-governed document that modifies an existing severance agreement's terms, ensuring compliance with local labor laws and Sharia principles.
Download
Amendment To Purchase Agreement (Real Estate)
A Shariah-compliant amendment to a real estate purchase agreement under Saudi Arabian law, modifying specific terms while maintaining the original agreement's integrity.
Download
Amendment To Lease Agreement
A formal modification to an existing lease agreement under Saudi Arabian law, compliant with local regulations and Sharia principles.
Download
Amendment To Employment Agreement
A Saudi Arabian law-governed document that modifies specific terms of an existing employment agreement while maintaining other original terms.
Download
Addendum To Lease Agreement
A Saudi Arabian law-compliant document that modifies specific terms of an existing lease agreement while maintaining other original terms intact.
Download
Addendum To Employment Contract
A legal document under Saudi Arabian law that modifies specific terms of an existing employment contract while maintaining compliance with local labor regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)