Keep in mind that the validity of certain clauses of an employment contract may extend beyond the duration of an employee`s employment. For example, a confidentiality clause may remain in effect for years after the employee leaves the company. This clause prevents the employee from disclosing confidential information about the company for a certain period of time or an unlimited period of time. With lawDepot`s employment contract template, you can also write additional clauses in the contract yourself. For example, some employers may want to include a non-compete clause that prohibits an employee from working for the company`s competitors once they leave the company. Without an end date, the contract remains in effect until one of the parties terminates the contract. Depending on the reasons for your termination, you may or may not need to notify the other party. For example, an employer can immediately fire an employee for breach of contract. Alternatively, an employee may submit a termination letter within the notice period specified in their employment contract. However, many standard employment contracts also contain preliminary clauses that provide additional legal protection to the company: 6. ALLOWANCE All employees on duty are entitled to reimbursement of expenses incurred in connection with the service (subject to sending vouchers/invoices to the office) and approval from the company, which are of the following type: 1.
Call money in the amount of ____. 2. Other expenditure related to the public service obligation. 2. 3. 4. 5. 6. 7. INCOME TAX: Local income taxes are paid by the employer to the competent authorities by deduction of the employee`s gross salary. 1. 2.
3. 4. 5. 6. 7. 8. INSURANCE BENEFITS: 1. The employer provides the employee and dependent family members with a health insurance claim. (Health insurance is attached to this employment contract as Annex A.) The consulate pays an amount equal to the bonus for the employee and __% of the difference for family members and the employee contributes the rest determined at the sole discretion of the company. (2) The employer shall provide accident insurance for the employee (personal accident insurance is attached to this contract of employment as Annex B) Both the employer and the employee shall contribute to the said premium payment system in the report determined at the sole discretion of the enterprise. 9. LEAVE: 1.
ANNUAL LEAVE: Local staff shall be entitled to paid annual leave of ___ days in a calendar year, including occasional leave. The employee is required to take a minimum number of vacation days in a work year and is limited in the accumulation of vacation days to the following work year, all in accordance with the instructions presented from time to time. Leave on the desired dates requires the approval of the employer 2. MATERNITY LEAVE: An employee is entitled to three months` paid maternity leave in accordance with local laws. 3. OTHER PUBLIC HOLIDAYS: Total number of ______ Indian holidays to be reported after the first week of the year. Israeli holidays may be cancelled/postponed without notice. Employees may be called upon to work on those days. No additional compensation will be granted for these days. 10.
RETIREMENT AGE: An employee will retire at the age of 60 in accordance with local law. An employee may be extended beyond the age of 60 at the company`s discretion. 1. 2. 3. 4. 5. 6. 7.
8. 9. 10. 11. TERMINATION OF EMPLOYMENT RELATIONSHIP: 1. Note: One calendar month of dismissal by the employer or employee or a monthly salary in lieu thereof paid to the employee or added/deducted from the employee`s final benefits. 2. Terminal Benefits: One month`s salary for each year of full service of the employee with at least one year of service. Final benefits are paid if the dismissal is for any reason, including illness, dismissal or retirement.
In the event of voluntary resignation, the final benefits are granted on condition that the employee completes a waiting period of 5 years of service and if the total amount of the bonus does not exceed the amount of 15 months` salary, the employee receives one month`s salary for each year of service. The salary in this clause would mean the last salary received at the time of termination. 1. 2. 1. 2. 3. The employee shall contribute to a provident fund scheme.
According to this system, after one year of uninterrupted service, the employer deducts 12% of the employees` salary from the Provident Fund and an equal amount is contributed by the employer each year and paid into the Provident Fund scheme. .