5 Year Employment Contract Template for England and Wales

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Key Requirements PROMPT example:

5 Year Employment Contract

I need a 5 Year Employment Contract for a Senior Technical Director position in our London office, starting March 1, 2025, with an annual salary of £120,000 plus stock options and international travel requirements.

Document background
The 5 Year Employment Contract is designed for organizations seeking to establish long-term employment relationships with key personnel while maintaining clarity and legal compliance. This contract type is particularly useful for project-based roles, senior positions, or situations requiring sustained commitment. Governed by English and Welsh law, it incorporates all statutory requirements while providing comprehensive coverage of employment terms, benefits, and obligations. The document is structured to protect both employer and employee interests through clear delineation of rights, responsibilities, and mutual expectations over the fixed term period.
Suggested Sections

1. Parties: Identifies the employer and employee with full legal names and addresses

2. Background: Context of the employment relationship and basis for the agreement

3. Definitions: Key terms used throughout the agreement

4. Term and Commencement: Start date and duration of the 5-year contract

5. Role and Duties: Job title, responsibilities, and reporting structure

6. Remuneration: Salary, benefits, and payment terms

7. Working Hours: Standard working hours and overtime provisions

8. Holiday Entitlement: Annual leave and public holiday provisions

9. Sickness and Absence: Sick pay and absence reporting procedures

10. Termination: Notice periods and grounds for termination

Optional Sections

1. Commission Structure: Details of commission payments for sales or commission-based positions

2. International Travel: Travel requirements and compensation for roles requiring regular international travel

3. Share Options: Details of any share option schemes for senior executives or when part of compensation package

4. Remote Working: Terms for working from home or remote locations for hybrid or remote positions

Suggested Schedules

1. Job Description: Detailed outline of responsibilities and requirements

2. Benefits Package: Comprehensive list of benefits and terms

3. Company Policies: Key policies referenced in the contract

4. Bonus Scheme: Details of any performance-related bonus arrangements

5. Restrictive Covenants: Post-employment restrictions and non-compete clauses

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Employment Rights Act 1996: Core legislation covering basic employment rights, notice periods, unfair dismissal provisions, and mandatory statement of employment particulars

Equality Act 2010: Legislation governing protection against discrimination, equal pay provisions, and requirements for reasonable accommodations in the workplace

Working Time Regulations 1998: Regulations covering working hours limits, rest breaks, annual leave entitlements, and holiday pay calculations

National Minimum Wage Act 1998: Legislation establishing minimum wage requirements and payment calculations for employees

Data Protection Act 2018 & UK GDPR: Legal framework for employee data handling and privacy rights protection in the workplace

Health and Safety at Work Act 1974: Legislation setting out workplace safety obligations and requirements for both employers and employees

Pensions Act 2008: Legislation covering pension auto-enrollment requirements and employer obligations for workplace pensions

Fixed-term Employees Regulations 2002: Specific regulations protecting fixed-term employees from less favorable treatment compared to permanent employees

Part-time Workers Regulations 2000: Regulations ensuring part-time workers receive comparable treatment to full-time workers in employment terms

TUPE Regulations 2006: Regulations protecting employees' rights when a business or service transfers to a new employer

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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