Addendum on Employment Contract
As an employee, you may come across a situation where you need to make revisions or add additional terms to your employment contract. This is where an addendum comes in handy.
What is an addendum?
An addendum is a document that modifies an existing contract. It can add or delete terms, or clarify existing terms. When it comes to employment contracts, an addendum is often used to address changes in job duties, salary, or benefits.
Why use an addendum?
Employment contracts can be lengthy and complex. When changes need to be made, it`s often easier to create an addendum rather than rewriting the entire contract. It also allows both parties to agree upon the changes in writing, minimizing the potential for miscommunication or misunderstandings.
How to create an addendum?
Creating an addendum is a straightforward process. Firstly, you need to identify the section(s) of the employment contract that need to be modified or added. Then, you need to write down the changes or additions in a clear and concise manner.
Here`s an example:
Original Contract: Employee will receive a salary of $60,000 per annum.
Addendum: Effective January 1, 2022, Employee`s salary will increase to $65,000 per annum.
The addendum should also include the date it was created and signed, as well as the names and signatures of both parties.
It`s important to note that while an addendum can modify certain parts of the employment contract, it cannot change the entire agreement or undermine its original purpose. Therefore, it`s essential to consult with an attorney or HR professional before creating an addendum.
In conclusion, an addendum is a useful tool when it comes to modifying employment contracts. It allows for changes to be made in a clear and concise manner, with both parties agreeing to the revised terms. By following the steps mentioned above, you can create an addendum that will be legally binding and beneficial for all parties involved.