Printable Addendum
Printable Addendum
Addendum to Employment Contract
Effective Date: August 8, 2055
This Addendum is made and entered into by and between [Your Company Name] ("Company") and John Smith ("Employee") to modify the terms of the existing Employment Contract dated March 15, 2056 ("Original Contract").
1. Purpose
This Addendum serves to revise specific provisions of the Original Contract as detailed below.
2. Amendments
2.1 Compensation
Effective January 1, 2057, the Employee’s base salary will be adjusted as follows:
|
Component |
Current Amount |
New Amount |
|---|---|---|
|
Base Salary |
$75,000 |
$85,000 |
|
Bonus Eligibility |
Yes |
Yes |
2.2 Benefits
Effective July 1, 2057, the Employee’s benefits will be enhanced:
|
Benefit |
Current Coverage |
New Coverage |
|---|---|---|
|
Health Insurance |
Individual Plan |
Family Plan |
|
Retirement Plan |
401(k) with 4% Match |
401(k) with 6% Match |
|
Paid Time Off |
15 days annually |
20 days annually |
2.3 Remote Work Policy
Effective August 15, 2057, the Employee is permitted to work remotely up to three days per week. Terms include:
-
Maintenance of productivity is equivalent to in-office work.
-
Provision of a suitable home office environment by the Employee.
-
The company will supply the necessary equipment and up to $50 in monthly internet reimbursement.
2.4 Job Title and Responsibilities
Effective September 1, 2057, the Employee’s job title will be changed to "Senior Project Manager," with responsibilities including:
-
Overseeing project management teams.
-
Developing strategic plans for project development.
-
Coordinating with cross-functional teams.
3. Effectiveness
Except as amended by this Addendum, all terms of the Original Contract remain unchanged and in full force.
4. Governing Law
This Addendum will be governed by the laws of the State of California.
5. Signatures
Executed as of the date above:
[Your Company Name]
Name: [Your Name]
Title: Chief Human Resources Officer
Date: August 8, 2055
Employee
Name: John Smith
Date: August 8, 2055
Contact Information:
[Your Company Name]
[Your Company Address]
[Your Company Email]
For inquiries, please contact: [Your Email]
