RENEWAL OF SERVICE CONTRACT
This template is used to renew an existing employment or service contract for a specific period. It allows parties to extend their working relationship while maintaining the terms of the original agreement, with the option to update the employee's designation and salary.
RENEWAL OF SERVICE CONTRACT
THIS AGREEMENT is made BETWEEN __________________(hereinafter referred to as the Company), a company incorporated under the Indian Companies Act, having its Registered Office at ___________________ AND _______________s/o/d/o Mr. _____________________________________, resident of _________________________ (hereinafter referred to as the Employee). Together referred to as the Parties.
WHEREAS the Employee has served the Company for a period of one year pursuant to an agreement dated ______________ executed between the parties hereto.
AND WHEREAS it has been agreed between the Parties that the Company shall re-engage the Employee upon the terms and conditions hereinafter appearing, in addition to the terms and conditions of the agreement above referred to and previously executed between the Parties.
IT IS HEREBY MUTUALLY AGREED BETWEEN THE PARTIES AS FOLLOWS:
The Company will re-employ the Employee as the ___________________ [designation] of the Company.
The Employee shall serve the Company for a further period of ___ years from the date of this agreement.
The Employee shall be given a salary of Rs. __________ per month.
The remaining terms and conditions of this agreement shall be the same as are contained in the aforesaid agreement of the parties dated _______________, in so far as they may be applicable to the employment under this agreement, and all the terms and conditions contained in the said agreement shall be deemed to have been incorporated in this agreement.
This agreement has been read, understood and agreed by both parties, who have signed below.
Date: __________
Place: __________
For (Name of Company)
Signature: _______________
Designation: __________
By the Employee:
Signature: _______________
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About this template
What is this template?
This document is a formal extension of an existing employment relationship under Indian law. It contains specific placeholders for a new monthly salary in Rupees and a defined extension period in years. It is not an initial offer of employment or a standalone contract, as it relies on the terms of a previous agreement.
When should you use it?
Use this document when an employee has finished a one-year contract and both parties wish to continue the relationship with updated compensation. Use a standard Employment Agreement instead if the original terms are being completely replaced rather than incorporated.
What's inside
| Clause | Name | What it does |
|---|---|---|
| Clause 1 | Re-employment | The Company re-engages the Employee in a specific designated role following their previous service. |
| Clause 2 | Duration of Service | The Employee agrees to serve the Company for a further stated number of years from the date of the agreement. |
| Clause 3 | Remuneration | The Company agrees to pay the Employee a monthly salary in Indian Rupees (Rs.). |
| Clause 4 | Incorporation of Previous Terms | All terms from the original agreement dated prior to this document are deemed incorporated and remain applicable. |
Who it's for
- an Indian company re-engaging an employee who has completed a one-year initial term
- an employee signing a fixed-term extension to their existing service contract
How long it runs and how it's signed
Law it's drafted under
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