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Assignment Of Employment Agreement
"I need an Assignment of Employment Agreement under Saudi law to transfer 50 employees from our existing company to our newly formed subsidiary as part of our corporate restructuring, with the transfer to take effect from March 1, 2025."
1. Parties: Identification of the Current Employer (Assignor), New Employer (Assignee), and Employee
2. Background: Context of the current employment relationship and reason for assignment
3. Definitions: Key terms used throughout the agreement including Effective Date, Original Employment Agreement, and Assignment
4. Assignment and Acceptance: Core provision transferring the employment agreement from Assignor to Assignee
5. Effective Date: Specification of when the assignment takes effect
6. Employee Consent: Documentation of employee's agreement to the assignment as required by Saudi Labor Law
7. Continuation of Employment Terms: Confirmation that existing employment terms and conditions remain unchanged
8. Transfer of Rights and Obligations: Detailed provisions on transfer of employer obligations and employee rights
9. End of Service Benefits: Handling of accrued benefits and future benefit calculations
10. Governing Law and Jurisdiction: Confirmation of Saudi Law application and dispute resolution process
11. Execution: Signature blocks for all three parties
1. Visa and Work Permit Arrangements: Required for non-Saudi employees, detailing transfer of sponsorship
2. Non-competition and Confidentiality: Additional restrictions if not covered in original employment agreement
3. Saudization Compliance: Required when assignment affects company's Nitaqat status
4. Group Benefits and Insurance: Required when transferring between group companies with different benefit schemes
5. Transitional Provisions: Required when phased transfer of responsibilities is planned
6. Inter-company Charges: Required when assignment involves cost sharing between group companies
1. Schedule 1 - Original Employment Agreement: Copy of the current employment agreement being assigned
2. Schedule 2 - Employee Benefits Statement: Statement of accrued benefits and entitlements as of assignment date
3. Schedule 3 - Required Governmental Approvals: List of necessary regulatory approvals and their status
4. Appendix A - Employee Information: Detailed employee information including position, salary, and benefits
5. Appendix B - Assignment Terms: Specific terms of assignment including any variations from original agreement
6. Appendix C - Handover Plan: Timeline and process for transitioning employment responsibilities
Authors
Banking and Financial Services
Manufacturing
Oil and Gas
Construction
Technology
Healthcare
Retail
Professional Services
Education
Telecommunications
Hospitality
Transportation and Logistics
Human Resources
Legal
Compliance
Employee Relations
Personnel Administration
Compensation and Benefits
Senior Management
Operations
Administration
Corporate Governance
Human Resources Director
Legal Counsel
Compliance Officer
HR Manager
Employee Relations Manager
Compensation and Benefits Manager
Recruitment Manager
Operations Director
Chief Executive Officer
Chief Human Resources Officer
Legal Director
Personnel Manager
HR Business Partner
Talent Acquisition Manager
Administrative Manager
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