This 5 Year Employment Contract is designed for use in the Philippines when establishing formal, long-term employment relationships that require stability and commitment from both parties. The contract is particularly suitable for senior positions, specialized roles, or strategic hires where a sustained employment relationship is beneficial. It incorporates all requirements under Philippine labor law, including provisions for statutory benefits, working conditions, and employee protections as mandated by the Labor Code of the Philippines. The document is structured to provide comprehensive coverage of employment terms while maintaining flexibility for specific role requirements and industry variations. It includes provisions for regular performance reviews, career development, and potential amendments to accommodate changing business needs while maintaining employee rights and protections throughout the five-year term.
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Key Requirements PROMPT example:
5 Year Employment Contract
"I need a 5 Year Employment Contract for a Senior Software Developer position in our Manila tech startup, starting January 2025, including remote work provisions and stock option benefits, compliant with Philippine labor laws."
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1. Parties: Identification of the employer and employee with complete legal names and addresses
2. Background: Brief context of the employment relationship and purpose of the agreement
3. Definitions: Key terms used throughout the contract
4. Term of Employment: Specification of the 5-year duration, start date, and any probationary period
5. Position and Duties: Job title, role description, and key responsibilities
6. Work Location and Hours: Primary workplace location and standard working hours
7. Compensation: Base salary, payment schedule, and mandatory benefits as per Philippine law
8. Statutory Benefits: SSS, PhilHealth, Pag-IBIG, and other mandatory benefits
9. Leave Entitlements: Vacation, sick leave, and other statutory leave provisions
10. Confidentiality: Protection of company information and trade secrets
11. Intellectual Property: Ownership of work products and innovations
12. Performance Review: Evaluation process and frequency
13. Termination: Grounds for termination, notice periods, and procedures
14. Post-Employment Obligations: Return of company property and continuing obligations
15. Governing Law: Application of Philippine law and jurisdiction
16. Entire Agreement: Integration clause and amendment procedures
1. Mobility Clause: Required when the role may involve relocation or travel
2. Remote Work Provisions: Include when allowing work-from-home arrangements under the Telecommuting Act
3. Commission Structure: For sales or performance-based roles with variable compensation
4. Non-Compete: For senior positions or roles with access to sensitive information
5. Training Commitments: When specific training or certifications are required
6. Overseas Assignment: For roles that may require international deployment
7. Housing Allowance: When accommodation benefits are provided
8. Vehicle Provision: When a company vehicle is provided
9. Stock Options: For employees eligible for equity participation
10. Flexible Benefits: When offering cafeteria-style benefits beyond statutory requirements
1. Schedule 1 - Job Description: Detailed description of role, responsibilities, and reporting lines
2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components and benefits
3. Schedule 3 - Performance Metrics: KPIs and performance evaluation criteria
4. Schedule 4 - Company Policies: Key workplace policies and procedures
5. Schedule 5 - Statutory Benefits: Details of mandatory benefits under Philippine law
6. Appendix A - Code of Conduct: Company's code of conduct and ethical standards
7. Appendix B - Confidentiality Agreement: Detailed confidentiality obligations
8. Appendix C - IT Security Policy: Technology usage and security requirements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Manufacturing
Financial Services
Healthcare
Education
Retail
Construction
Professional Services
Telecommunications
Energy
Mining
Agriculture
Transportation
Hospitality
Real Estate
Media and Entertainment
Relevant Teams
Human Resources
Legal
Finance
Operations
Information Technology
Research and Development
Sales
Marketing
Engineering
Product Development
Quality Assurance
Administration
Customer Service
Supply Chain
Manufacturing
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Department Head
Regional Manager
Senior Engineer
Project Manager
Technical Specialist
Research Scientist
Senior Consultant
Operations Manager
Sales Director
IT Manager
Plant Manager
Senior Architect
Principal Designer
Head of Human Resources
Financial Controller
Legal Counsel
Department Director
Senior Analyst
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