Employment Contract Addendum
EMPLOYMENT CONTRACT ADDENDUM
I. Introduction
This Employment Contract Addendum (the "Addendum") is made and entered into as of August 15, 2052, by and between [Your Company Name] (the "Employer") and Jane Smith (the "Employee"). This Addendum modifies and supplements the existing Employment Contract dated March 1, 2045 (the "Original Contract") between the Employer and the Employee.
II. Parties Involved
|
Role |
Name |
Contact Information |
|---|---|---|
|
Employer |
[Your Company Name] |
[Your Company Address] |
|
Employee |
Jane Smith |
456 Elm St, Apt 12, Tech City, CA 90002 |
III. Effective Date
This Addendum shall become effective on August 15, 2052, and its terms shall apply from this date forward.
IV. Terms and Conditions
The following terms and conditions are hereby amended or added to the Original Contract:
A. Amended Terms
Job Role and Responsibilities:
-
The Employee's job title will be changed from Senior Marketing Specialist to Marketing Director.
-
New responsibilities include overseeing the marketing team, developing and implementing strategic marketing plans, and managing high-profile client accounts.
Salary and Compensation:
-
The Employee's annual salary will be adjusted from $75,000 to $95,000.
-
A performance-based bonus of 10% of the annual salary will be added, contingent upon meeting key performance indicators (KPIs).
Benefits:
-
Health insurance coverage will be updated to include expanded dental and vision care, as well as a health savings account (HSA) with a company contribution of $1,500 annually.
-
Retirement plan contributions will be increased to 6% of the annual salary, up from the previous 4%.
Work Schedule:
-
The Employee will transition to a flexible work schedule, with the option to work remotely up to three days per week.
B. Previous Agreement Reference
The terms and conditions outlined in this Addendum supersede any conflicting provisions in the Original Contract. All other terms of the Original Contract remain unchanged and in full force.
V. Legal Compliance
This Addendum is intended to comply with all applicable laws and regulations. The Employer and the Employee agree that this Addendum will be interpreted and enforced by the laws of California.
VI. Signatures
Both parties acknowledge and agree to the terms outlined in this Addendum.
[Your Name]
Employer
[DATE SIGNED]
Jane Smith
Employee
[DATE SIGNED]
This template is provided for illustrative purposes and should be tailored to fit specific needs and legal requirements. Always consult with a legal professional when drafting or modifying employment contracts and addenda.
