An amended and restated employment agreement is a contract that's drafted any time a change is made to the original employment agreement. This might include significant changes like compensation changes or modifications of vacation time. However, even minor changes like slightly different working hours can trigger the need for an amended and restated employment agreement.
This agreement ensures that both parties have a full understanding of changes and are in agreement regarding them. It also provides written proof of certain promises made on behalf of each party, which is valuable in the event of legal complaints.