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New Employment Contract For Existing Employees
I need a New Employment Contract For Existing Employees to update terms for our Hong Kong sales team of 15 people due to a new commission structure being implemented in January 2025, with specific focus on performance metrics and bonus calculations.
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Context of the new contract, including reference to existing employment relationship and date of original employment
3. Definitions: Key terms used throughout the contract, including company-specific terminology
4. Appointment and Term: Position, job title, reporting relationship, and confirmation of continuous service from original start date
5. Duties and Responsibilities: Main duties, responsibilities, and performance expectations of the role
6. Place of Work: Primary workplace location and any flexibility or mobility requirements
7. Hours of Work: Standard working hours, rest days, and overtime arrangements
8. Remuneration and Benefits: Salary, bonus, allowances, and other benefits including MPF arrangements
9. Leave Entitlements: Annual leave, sick leave, maternity/paternity leave, and other types of leave
10. Medical Benefits: Health insurance coverage and medical benefits provisions
11. Confidentiality: Obligations regarding confidential information and trade secrets
12. Intellectual Property: Ownership and rights over work created during employment
13. Data Protection: Handling of personal data and privacy requirements
14. Termination: Notice periods, grounds for termination, and procedures
15. Post-Employment Obligations: Non-compete, non-solicitation, and other post-employment restrictions
16. Governing Law: Confirmation of Hong Kong law as governing law
17. Entire Agreement: Clause confirming this contract supersedes previous agreements while preserving continuous employment
1. Probation Period: Include only if a new probation period is required for the role change
2. Commission Structure: Include for sales or commission-based roles
3. Flexible Working Arrangements: Include if offering remote work or flexible hours options
4. Share Options/Equity: Include if employee is eligible for share options or equity participation
5. International Travel: Include if role requires regular international travel
6. Language Requirements: Include if specific language skills are essential for the role
7. Performance Bonus Structure: Include if role includes performance-based bonuses
8. Training Requirements: Include if role requires specific ongoing training or certifications
9. Garden Leave: Include for senior positions where garden leave might be required
1. Schedule 1 - Job Description: Detailed description of role, responsibilities, and key performance indicators
2. Schedule 2 - Remuneration Package: Detailed breakdown of salary components, allowances, and benefits
3. Schedule 3 - Company Policies: List of applicable company policies and procedures
4. Schedule 4 - Restricted Activities: Detailed list of post-employment restrictions and non-compete obligations
5. Appendix A - Previous Contract Terms: Summary of key terms from previous contract that are being preserved or modified
6. Appendix B - Benefits Summary: Detailed description of all employee benefits and eligibility criteria
Authors
Associated Company
Board
Business
Cause
Company
Commencement Date
Confidential Information
Continuous Employment Date
Customer
Documents
Employee
Employment
Employment Ordinance
Garden Leave
Group
Intellectual Property Rights
Invention
Material Interest
MPF
Original Employment Date
Personal Data
Previous Contract
Prohibited Area
Restricted Business
Restricted Customer
Restricted Period
Restricted Person
Subsidiary
Termination Date
Territory
Trade Secrets
Works
Term of Employment
Continuity of Employment
Duties and Responsibilities
Place of Work
Hours of Work
Remuneration
Bonus
Expenses
Benefits
Annual Leave
Sick Leave
Other Leave
Medical Benefits
MPF Contributions
Performance Review
Confidentiality
Intellectual Property
Data Protection
Conflicts of Interest
External Activities
Company Property
Training
Variations
Termination
Summary Dismissal
Garden Leave
Post-Termination Restrictions
Non-Competition
Non-Solicitation
Non-Dealing
Return of Property
Governing Law
Severability
Notices
Entire Agreement
Previous Contracts
Third Party Rights
Survival of Obligations
Waiver
Financial Services
Technology
Professional Services
Manufacturing
Retail
Healthcare
Education
Real Estate
Telecommunications
Logistics
Construction
Media and Entertainment
Insurance
Hospitality
Trading and Distribution
Human Resources
Finance
Operations
Legal
Information Technology
Sales
Marketing
Customer Service
Research and Development
Product Development
Administration
Compliance
Risk Management
Business Development
Corporate Communications
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Department Head
Senior Manager
Manager
Assistant Manager
Senior Executive
Executive
Officer
Administrator
Coordinator
Specialist
Analyst
Associate
Assistant
Supervisor
Team Leader
Director
Vice President
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