Lifetime Employment Contract Template for New Zealand

The Lifetime Employment Contract is designed for use in situations where both employer and employee commit to a permanent, career-long employment relationship under New Zealand law. This type of agreement is particularly relevant for family businesses, traditional industries, or specialized roles where long-term stability and knowledge retention are crucial. The contract provides comprehensive coverage of employment terms, including role progression, benefits, and security provisions, while ensuring compliance with New Zealand employment legislation. It is most commonly used for senior executives, specialized craftspeople, or roles requiring unique expertise where the organization seeks to secure the employee's services for their entire career. The document incorporates necessary protections for both parties while acknowledging the unique nature of lifetime employment commitments.

1. Parties: Identification of the employer and employee, including full legal names and addresses

2. Background: Context of the lifetime employment arrangement and the basis for entering into this unusual form of contract

3. Definitions: Key terms used throughout the agreement, including specific definitions relevant to lifetime employment

4. Term and Nature of Employment: Specification of the lifetime nature of the employment and any qualifying conditions

5. Role and Duties: Description of the employee's position, responsibilities, and how these may evolve over time

6. Place of Work: Primary work location and provisions for potential workplace changes

7. Hours of Work: Standard working hours, flexibility arrangements, and overtime provisions

8. Remuneration: Base salary, review mechanisms, and long-term compensation structure

9. Benefits and Entitlements: Holiday pay, sick leave, insurance, and other benefits specific to the lifetime arrangement

10. Performance and Review: Performance expectations, evaluation processes, and career development provisions

11. Confidentiality: Protection of company information and trade secrets

12. Intellectual Property: Ownership and rights regarding work-created intellectual property

13. Health and Safety: Compliance with health and safety regulations and specific long-term health considerations

14. Dispute Resolution: Processes for handling disagreements and conflicts

15. Termination Provisions: Limited circumstances under which the lifetime employment may be terminated