![]() ![]() If the employee is retained, employer benefits like healthcare and more typically begin.īenefits: Benefits like health insurance, PTO, sick leave, and any other extras that the company provides the employee in addition to their salary should be listed. Trial Period:Also known as the “probationary period,” and is when a new employee is hired on a no-commitment basis for a set time, after which the employer will have the choice of either terminating or retaining the employee. With a stringent non-compete, employees that leave might not be able to work for employees in similar industries. Non-Compete: Employers have the option to include a non-compete clause for a set timeline, which would prevent workers from bringing trade secrets to competing organizations. The termination date of the contract would be listed in these cases, but in the case of at-will employment, the termination section might be where Termination: Some employment contracts are not longstanding, and some have an end date. Adding clauses that suggest that the duties could change over time always pads a contract with flexibility.Ĭompensation: Compensation sets the starting wage that the employee will be paid and is typically categorized into salary (yearly pay) or hourly pay, as well as how often the employee will be paid. It’s important for both employers and employees to know what rules to which they’re bound during someone’s employment term.ĭuties: The employee’s title and main duties bind the worker to carry out the duties within the contract. Upon signing the agreement - as long as the provisions and clauses are within the bounds of the law - the contract is effective. Provisions and Clauses of an Employment ContractĪn employment contract is made up of different stipulations.
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