This form provides for an amendment to an existing executive employment agreement. The company desires to amend the agreement to provide for an increase in certain stock options in return for a reduction in the executives salary. The company also desires to encourage the executive to strive for the profitability and success of the company and desires to assure both itself and the executive of the continuity of management in the event of any actual or threatened change in control of the company.
Oklahoma Amendment to Section 5(c) of Employment Agreement with copy of Agreement - Blank
Category:
State:
Multi-State
Control #:
US-C-15-157E
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Amendment To Section 5(c) Of Employment Agreement With Copy Of Agreement - Blank?
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A contract amendment, on the other hand, is a document that makes changes to an existing contract designed to correct it, better it, or ensure something in the original document gets clarified.
Writing a Contract AddendumName the parties to the contract. Indicate the addendum's effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.
End with an addendum to ensure you always get the last word in Word.Open the Word document to receive the addendum.Scroll to the last part of the document or press the Page Down key.Place the cursor to the right of the last character in the document.Type the word Addendum on the new line.More items...
A short form letter agreement amending a contract between two parties in a commercial transaction. This Standard Document has integrated notes with important explanations and drafting tips.
A standard form amendment letter to be used to amend the terms of a facility agreement (or loan agreement). This standard document contains integrated drafting notes.
In other documents, most importantly in legal contracts, an addendum is an additional document not included in the main part of the contract. It is an ad hoc item, usually compiled and executed after the main document, which contains additional terms, obligations or information.
You can use a contract amendment letter to list the changes to the original document and have both parties sign. You can create a contract amendment created from a template or from a legal services provider. You can add amendment pagesdigital or printto the end of the original signed contract.
A modification to a pre-existing employment contract will not be enforced unless there is a further benefit to both parties. This rule of fresh consideration is particularly relevant when it comes to termination clauses introduced into amended employment contracts.
As a business owner or manager, the only way to amend an employment contract is with the permission of the employee herself.Look at the employment contract.Think of a new term you can add to the contract.Propose the change to the employee.Make amends to the original contract.More items...
What to IncludeMatch the addendum's font size and style to that of the original contract.Include the names of all parties included in the employment contract.Include the effective date of the employment contract.Add the date the addendum will take effect.Clearly break down all additions being made to the contract.More items...
