This 5 Year Employment Contract is designed for organizations seeking to establish long-term employment relationships with key personnel in New Zealand. It is particularly suitable for senior positions, specialized roles, or strategic hires where both employer and employee benefit from a longer-term commitment. The contract template has been developed to comply with New Zealand employment legislation, including the Employment Relations Act 2000, while providing comprehensive coverage of employment terms and conditions. It includes provisions for regular performance reviews, salary adjustments, and career development opportunities, making it ideal for retaining top talent and ensuring business continuity. The document is structured to protect both employer and employee interests while maintaining flexibility for specific role requirements and industry standards.
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1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Context of the employment relationship and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Position and Duties: Job title, role description, key responsibilities, and reporting relationships
5. Term and Commencement: Specific start date and five-year term details, including any trial period if applicable
6. Hours of Work: Standard working hours, days, flexibility requirements, and overtime provisions
7. Location of Work: Primary work location and any flexibility or travel requirements
8. Remuneration: Base salary, review periods, payment frequency, and method of payment
9. Leave Entitlements: Annual leave, sick leave, bereavement leave, and public holiday entitlements
10. KiwiSaver: KiwiSaver arrangements and employer contributions
11. Health and Safety: Health and safety obligations and responsibilities
12. Confidentiality: Confidentiality obligations regarding company information
13. Intellectual Property: Ownership and rights regarding work-created intellectual property
14. Termination: Grounds for termination, notice periods, and process
15. Dispute Resolution: Process for resolving employment disputes
16. General Provisions: Standard contract clauses including entire agreement, governing law, and amendments
1. Commission/Bonus Structure: Details of any performance-based compensation, used when role includes variable pay components
2. Vehicle Allowance: Terms of vehicle usage or allowance, included when position requires regular travel
3. Restraint of Trade: Non-compete and non-solicitation provisions, used for senior or client-facing roles
4. Flexible Working Arrangements: Details of any flexible working arrangements, used when non-standard working patterns are agreed
5. International Travel: Terms for international travel and associated benefits, included for roles requiring overseas travel
6. Professional Development: Professional development and training provisions, used when specific ongoing training is required
7. Share Options/Equity: Details of any share option or equity schemes, included for senior executive roles
8. Working from Home: Specific provisions for remote working arrangements, used when role allows remote work
1. Schedule 1: Position Description: Detailed position description including key performance indicators
2. Schedule 2: Remuneration Package: Detailed breakdown of the total remuneration package including benefits
3. Schedule 3: Company Policies: List of applicable company policies that form part of the employment terms
4. Schedule 4: IT and Communications Systems: Details of provided IT equipment and acceptable use policies
5. Appendix A: Code of Conduct: Company's code of conduct and expected behavioral standards
6. Appendix B: Expense Policy: Policy regarding business expense claims and reimbursement
7. Appendix C: Performance Review Framework: Details of performance review process and criteria
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