Published on July 21st, 2016 by Alan L. Sklover
“Request for a ‘Renewal Notice’ Provision in a New or Existing Employment Agreement”
Most employment contracts include a “term” clause that commits both employer and employee to work together for one, two of three years.
As that “term” draws to a close, without a mechanism to provide a transparency process to address the possible end of the employment relation, quite often the employee feels job-insecure, not knowing if his or her employment will be ending soon, and not confident enough to request a prompt answer from the employer.
Likewise, the employer may also fear loss of a valuable employee with little, if any, time to search for a suitable replacement.
A “Renewal Notice” provision solves that problem by requiring each side to provide a notice of their intentions regarding renewal or extension, and, if both sides say “Yes,” then for renewal discussions to commence shortly after that.
It does not cost anyone anything, but is so very valuable to both “sides.” With a Renewal Notice provision in place, no one will be left “high and dry,” and both sides will know in good time whether a new position or employee must be sought with enough time to do so. It is a true win-win proposition.
This model letter shows you how to request that a “Renewal Notice” provision be inserted into either an existing employment agreement, or one in discussion or negotiation.
Play by the rules, but don’t defeat yourself. Learn how, and play hard. That’s what SkloverWorkingWisdom is all about.
To obtain your copy of our “Request for a Renewal Notice Provision,” just [click here.]
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© 2016 Alan L. Sklover All Rights Reserved.