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Retirement programs of Employer. Part time employees are entitled to the same rights as full time employers.An employment contract serves as the binding document between employer and employee. Fulltime contracts are offered to permanent employees who work a full workweek, usually 35 hours or more. (e) Other duties as may arise from time to time and as may be assigned to the employee. 3. Compensation. (a). An employer will usually set the hours of a fulltime employee and the employee will report to a supervisor within the company. Whether an employee is part-time, full time, or casual, an employment contract helps to define the income and pay rates. An employment contract is similar to an offer letter.