What is an Employment Agreement Amendment?
October 13th, 2009 Filed under: Uncategorized — Negotiation Author
An amendment is any change or addition made to an already existing written contract or rule. When it relates to an employment agreement amendment, it means a modification in the original employment contract. It can be a modification in the amount of salary, the length of employment, the perks given and also the bonus. It can be just a single change or a number of changes.
An employee is eligible for an amendment in his employment contract when there is a change in his role or change in the functioning of the company. The alterations are agreed by both the employer and the employee. Also, the original contract should have had provision for changes to be made in the future. When the amendment is made, the original agreement must also be stated along with date, name and clauses.
The date is important as the terms in the amendment will be considered effective only after the said date. Sometimes, most of the original clauses will remain the same and only one or two clauses will be amended. In such cases, the addition of the word “whereas” will state that only that particular clause has been changed. Accordingly, the amended document can run to several pages or be limited to just one page.
Employment agreement amendments must also clearly state that the employee must abide by these guidelines and not take any extra privileges not cited in the contract. So, though a contract can be legally binding, it can be revised at any point of time. This helps to protect the interests of both parties involved in the agreement.
About Author:
Pauline Go is an online leading expert in the legal industry. She also offers top quality articles like:
Delegates And Constitution
Due Process of Law
