The New Employment Contract For Existing Employees is a crucial document used when organizations need to update or formalize employment terms with their current workforce in Pakistan. This typically occurs during corporate restructuring, policy updates, or when transitioning from informal to formal employment arrangements. The document ensures compliance with Pakistani labor laws while preserving employees' accrued rights and benefits. It incorporates all essential elements required by local legislation, including the Industrial and Commercial Employment Ordinance, while addressing modern employment practices and company-specific requirements. This contract type is particularly important for maintaining clear employment records, protecting both employer and employee interests, and ensuring transparent documentation of employment terms in accordance with Pakistani legal requirements.

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

2. Background: Context of the new contract, including reference to previous employment relationship and reason for new contract

3. Definitions: Key terms used throughout the agreement

4. Appointment and Continuity: Confirmation of continued employment, role title, and acknowledgment of previous service

5. Duties and Responsibilities: Detailed description of the employee's role, responsibilities, and reporting relationships

6. Place of Work: Primary workplace location and any mobility requirements

7. Hours of Work: Standard working hours, overtime provisions, and flexible working arrangements if applicable

8. Remuneration: Salary, payment schedule, and other monetary benefits

9. Benefits: Details of all employee benefits including healthcare, insurance, and other perks

10. Leave Entitlements: Annual leave, sick leave, public holidays, and other types of leave

11. Confidentiality: Obligations regarding company confidential information

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

13. Code of Conduct: Expected standards of behavior and reference to company policies

14. Termination: Conditions and procedures for ending employment

15. Governing Law: Confirmation that the agreement is governed by Pakistani law

16. Entire Agreement: Clause confirming this contract supersedes previous agreements while preserving continuous service