An Employment Contract Extension Addendum is utilized when both employer and employee wish to continue their employment relationship beyond the original contract's term. This document is particularly relevant in the United States where employment contracts must comply with both federal and state labor laws. It typically includes the extension period, any modifications to compensation or duties, and references to the original agreement's terms that remain in effect. This addendum is crucial for maintaining clear documentation of employment terms while providing legal protection for both parties.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Reference to original employment agreement and reason for extension
3. Definitions: Key terms used in the addendum
4. Extension Period: Specific duration of the contract extension
5. Continuing Terms: Confirmation of which original contract terms remain in effect
1. Modified Terms: Any changes to original terms - include when terms are being updated
2. Compensation Adjustments: Changes to salary or benefits - include when compensation terms are being modified
3. Additional Responsibilities: New or modified job duties - include when role or responsibilities are changing
1. Schedule A - Compensation Details: Detailed breakdown of any modified compensation terms
2. Schedule B - Updated Job Description: Detailed description of new responsibilities if role has changed
3. Appendix 1 - Original Employment Agreement: Copy of the original agreement being extended
Relevant legal definitions
Agreement
Original Employment Agreement
Extension Period
Effective Date
Extended Term
Parties
Company
Employee
Modified Terms
Continuing Terms
Base Salary
Compensation
Benefits
Position
Duties
Working Hours
Work Location
Confidential Information
Intellectual Property
Governing Law
Employment Period
Business Day
Original Employment Agreement
Extension Period
Effective Date
Extended Term
Parties
Company
Employee
Modified Terms
Continuing Terms
Base Salary
Compensation
Benefits
Position
Duties
Working Hours
Work Location
Confidential Information
Intellectual Property
Governing Law
Employment Period
Business Day
Clauses
Extension Period
Term Modification
Compensation
Benefits
Duties and Responsibilities
Working Hours
Work Location
Continuing Terms
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Termination
Notice
Governing Law
Amendment
Entire Agreement
Severability
Assignment
Counterparts
Acknowledgment
Ratification
Term Modification
Compensation
Benefits
Duties and Responsibilities
Working Hours
Work Location
Continuing Terms
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Termination
Notice
Governing Law
Amendment
Entire Agreement
Severability
Assignment
Counterparts
Acknowledgment
Ratification
Relevant Industries
Relevant Teams
Relevant Roles
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