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The Retroactive Employment Contract is utilized in situations where an employment relationship needs to be formally documented for a period that has already passed. This commonly occurs when companies need to regularize informal employment arrangements, formalize verbal agreements, or correct missing documentation. The contract, governed by Nigerian law, includes comprehensive details about the employment relationship, including start date, compensation, benefits, and duties, all applied retroactively. It ensures compliance with Nigerian labour laws while addressing practical aspects such as tax implications, pension contributions, and statutory benefits for the retroactive period. This document is particularly crucial for corporate compliance, audit purposes, and ensuring legal protection for both employer and employee under Nigerian jurisdiction.

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

2. Background: Context of the employment relationship, including the reason for the retroactive contract and the original start date of employment

3. Definitions: Key terms used throughout the agreement, including specific definitions related to retroactive aspects

4. Retroactive Effect: Clear statement of the retroactive period and the terms that apply retrospectively

5. Position and Duties: Employee's job title, role, and responsibilities during the retroactive period and going forward

6. Duration of Employment: Specification of the employment period, including the retroactive start date and any term or permanent status

7. Compensation: Salary, benefits, and any retroactive payments, including calculation method and payment schedule

8. Working Hours and Location: Standard working hours, location, and any variations during the retroactive period

9. Leave Entitlements: Annual leave, sick leave, and other leave types, including accrual during the retroactive period

10. Statutory Benefits: Pension, insurance, and other statutory benefits, including retroactive contributions

11. Tax Obligations: Treatment of tax implications for retroactive payments and ongoing compensation

12. Confidentiality: Obligations regarding company information, extending to the retroactive period

13. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction

14. Signatures: Execution block with date and signatures of both parties