Templates

Templates

Employment Contract

Employment Contract

(Contract of Employment)

Parties

Employer: ______________________

Employee: ______________________

Effective Date: ____________

1. Appointment

1.1 The Employer offers the Employee employment in the position of the role described in the Schedule, reporting to the Head of Product, commencing on the Start Date set out in the Schedule. The first three (3) months are a probationary period during which either Party may terminate on one (1) week's notice.

2. Duties and Place of Work

2.1 The Employee shall perform the duties reasonably associated with the role and such other duties as the Employer may reasonably require. The Employee's normal place of work is the London office, with hybrid working of at least two (2) days per week on site.

2.2 The Employee shall not, without prior written consent, be engaged in any other business activity that conflicts with the interests of the Employer.

3. Remuneration and Benefits

3.1 The Employer shall pay the Employee the salary set out in the Schedule, monthly in arrears by bank transfer, subject to deductions required by law. Salary is reviewed annually in April without obligation to increase it.

3.2 The Employee is eligible for the discretionary bonus scheme, private medical insurance, a pension with employer contributions of five per cent (5%), and twenty-five (25) days' holiday per year in addition to public holidays.

4. Hours

4.1 Normal working hours are 9:30 to 18:00, Monday to Friday, with one hour for lunch. The Employee may be required to work such additional hours as are reasonably necessary, without additional pay.

5. Confidentiality and Intellectual Property

5.1 The Employee shall not during or after employment disclose any confidential information of the Employer or its clients. All intellectual property created in the course of employment belongs to the Employer.

6. Notice and Post-Termination Restrictions

6.1 After probation, either Party may terminate on two (2) months' written notice, increasing to three (3) months after four years' service. The Employer may make a payment in lieu of notice or place the Employee on garden leave.

6.2 For six (6) months after termination the Employee shall not solicit or deal with any client with whom the Employee had material dealings in the last twelve (12) months of employment, nor solicit any senior employee of the Employer.

IN WITNESS WHEREOF the Parties have executed this Agreement as of the Effective Date.

Signed for and on behalf of the Employer: ______________________ Name: ____________ Date: ____________

Signed for and on behalf of the Employee: ______________________ Name: ____________ Date: ____________