Guaranteed Employment Contract Template for Canada

The Guaranteed Employment Contract is designed for situations where employers need to provide enhanced job security and employment protection to attract or retain key talent in the Canadian market. This contract type is particularly valuable during corporate restructuring, mergers and acquisitions, or when recruiting senior executives or specialized professionals. The agreement typically extends beyond standard employment terms to include specific guarantees regarding employment duration, compensation levels, and termination provisions. It must comply with Canadian federal employment laws and relevant provincial employment standards while providing additional contractual protections. The document is structured to balance the employer's need for operational flexibility with the employee's desire for job security, incorporating clear terms for both parties' obligations and rights during the guaranteed period.

1. Parties: Identification of the employer and employee with full legal names and addresses

2. Background: Context of the employment relationship and purpose of the guaranteed employment contract

3. Definitions: Key terms used throughout the agreement including 'Guaranteed Period', 'Cause', and other relevant definitions

4. Term and Guaranteed Period: Duration of the employment contract and specific details of the guaranteed employment period

5. Position and Duties: Job title, role description, responsibilities, and reporting relationships

6. Compensation and Benefits: Base salary, bonus structure, benefits package, and any guaranteed minimum compensation

7. Work Location and Hours: Primary workplace location, work schedule, and flexibility arrangements

8. Job Security Provisions: Specific guarantees regarding continued employment, including conditions and exceptions

9. Performance Expectations: Performance standards, review processes, and consequences of performance issues

10. Termination Provisions: Circumstances under which the contract may be terminated, notice periods, and severance terms

11. Confidentiality: Obligations regarding confidential information and trade secrets

12. Governing Law: Specification of Canadian law and relevant provincial jurisdiction

13. Amendment and Assignment: Process for modifying the agreement and restrictions on assignment

14. Entire Agreement: Integration clause confirming the contract represents the complete agreement between parties