When it comes to employment contracts, it`s always a good idea to have clear, concise language that outlines the expectations of both the employer and the employee. However, sometimes circumstances change and additional clauses need to be added to the original contract. This is where an employment contract addendum comes into play.
An employment contract addendum is a document that outlines any new terms or modifications to an existing employment contract. It`s important to note that an addendum doesn`t replace the original contract. Instead, it serves as an additional document that clarifies any changes or additions to the original terms of employment.
Creating an employment contract addendum can be a daunting task, but luckily, there are many templates and samples available online that can make the process easier. Here are some key components to include in an employment contract addendum template sample:
1. Header: Make sure the addendum is clearly labeled as an “Employment Contract Addendum” and include the names of the employer and employee, as well as the date the addendum was created.
2. Reason for the addendum: Explain the reason why the addendum is being added to the original contract. This could be anything from a change in job duties to a modification of compensation.
3. New terms: Clearly state any new terms that are being added to the original contract. This could include changes to the job description, hours of work, or compensation.
4. Signatures: As with the original contract, make sure both the employer and employee sign and date the addendum. This ensures that both parties agree to the new terms outlined in the document.
Employment contract addendums are important when it comes to ensuring that both the employer and employee are on the same page with regards to the terms of employment. By utilizing a template sample, you can ensure that all the necessary components are included in the document, making it easier for both parties to understand the changes and sign off on them.