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Assignment Of Employment Agreement
"I need an Assignment of Employment Agreement to transfer 50 employees from ABC Trading LLC to ABC Services LLC as part of our corporate restructuring, effective March 1, 2025, ensuring all existing benefits are maintained and UAE visa requirements are addressed."
1. Parties: Identifies the current employer (Assignor), new employer (Assignee), and the Employee
2. Background: Sets out the context of the current employment relationship and the intention to assign it to the new employer
3. Definitions: Defines key terms used throughout the agreement, including 'Effective Date', 'Employment Agreement', and 'Assignment'
4. Assignment: Core clause detailing the transfer of rights and obligations under the employment agreement
5. Effective Date: Specifies when the assignment takes effect and any conditions precedent
6. Continuing Terms: Confirms which terms of the original employment agreement remain unchanged
7. Employee Benefits: Addresses the transfer and continuation of employee benefits, including end-of-service benefits
8. Visa and Immigration: Details the process and responsibilities for transferring the employee's visa sponsorship
9. Indemnities: Sets out the mutual indemnities between the parties regarding pre and post-assignment liabilities
10. Governing Law and Jurisdiction: Specifies UAE law as governing law and establishes jurisdiction for disputes
1. Modified Terms: Used when certain terms of employment will change upon assignment, detailing the specific modifications
2. Free Zone Provisions: Required when either employer is located in a UAE Free Zone, addressing specific free zone requirements
3. Non-Competition: Include if new non-competition terms are being introduced or existing ones modified
4. Confidentiality: Optional section if additional confidentiality obligations are being imposed
5. Training Costs: Include if there are outstanding training costs or bonds being transferred
6. Group Company Rights: Required when assignment includes rights to assign to group companies
1. Schedule 1 - Original Employment Agreement: Copy of the existing employment agreement being assigned
2. Schedule 2 - Modified Terms: Detailed list of any terms being modified as part of the assignment
3. Schedule 3 - Employee Benefits Statement: Statement of accrued benefits and their treatment post-assignment
4. Appendix A - Required Notices: Ƶ of notices required for visa transfer and ministry notifications
5. Appendix B - Calculation of Benefits: Detailed calculation of end-of-service and other benefits up to assignment date
Authors
Banking and Financial Services
Technology
Manufacturing
Oil and Gas
Construction
Healthcare
Retail
Professional Services
Education
Hospitality
Telecommunications
Real Estate
Media and Entertainment
Transportation and Logistics
Human Resources
Legal
Compliance
Employee Relations
Corporate Restructuring
Business Integration
Operations
Talent Management
Risk Management
Human Resources Director
Legal Counsel
HR Manager
Compliance Officer
Employee Relations Manager
Chief Human Resources Officer
Employment Lawyer
HR Business Partner
Legal Director
Personnel Manager
Talent Acquisition Manager
Corporate Restructuring Manager
Business Integration Manager
Operations Director
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