CONTRACT RENEWAL NOTICE
Date: [Insert Date, e.g., January 1, 2051]
To: [Employee's Name]
From: [Your Name], [Your Role]
Subject: Contract Renewal Notice
Introduction
Purpose
The purpose of this notice is to inform you that your current employment contract with [Your Company Name] is nearing its expiration. This document outlines the terms and conditions for renewal, as well as the options available to you.
Importance
Renewing your contract is a significant step that will affect your professional life. We value your contributions to [Your Company Name] and hope to continue this fruitful relationship.
Contract Summary
Original Contract Date
Your original contract commenced on [Insert Original Contract Date, e.g., January 1, 2050].
Expiration Date
The contract is set to expire on [Insert Expiration Date, e.g., December 31, 2050].
Position
You are currently employed as [Insert Position, e.g., Software Engineer].
Key Achievements
During your tenure, you have achieved the following milestones:
Milestone 1: Project Leadership
You successfully led the team for Project Alpha, which was delivered on time and exceeded the client's expectations. Your leadership skills were instrumental in the project's success.
Milestone 2: Cost Savings
You initiated a process optimization that resulted in a 20% reduction in operational costs for your department. This has had a significant positive impact on the company's bottom line.
Milestone 3: Employee Training
You developed and implemented a training program for new hires that has reduced the onboarding time by 50%. This has increased productivity and improved team cohesion.
Renewal Terms
Renewal Period
The new contract, if renewed, will be effective from [Insert New Contract Start Date, e.g., January 1, 2051] to [Insert New Contract End Date, e.g., December 31, 2051].
Salary and Benefits
The salary and benefits for the renewed contract are as follows:
Salary Component | Amount |
Base Salary | $XXXX |
Bonus | $XXXX |
Benefits | $XXXX |
Other Terms
Additional terms and conditions applicable to the renewed contract are [Insert Additional Terms].
Options for Renewal
Acceptance
To accept the renewal terms, please sign and return the attached contract by [Insert Deadline, e.g., January 15, 2051].
Declination
If you choose not to renew the contract, please inform us by [Insert Deadline, e.g., January 15, 2051].
Alternative Proposals
If you have any alternative proposals, they must be submitted by [Insert Deadline, e.g., January 10, 2051].
Next Steps
Timeline
Upon receiving your response, the HR department will proceed with the necessary formalities. The timeline for the renewal process is as follows:
Deadline for Acceptance: [Insert Deadline, e.g., January 15, 2051]
Deadline for Declination: [Insert Deadline, e.g., January 15, 2051]
Deadline for Alternative Proposals: [Insert Deadline, e.g., January 10, 2051]
Contact Information
For any queries or clarifications, please contact:
[Your Name]
[Your Role]
[Your Email]
[Your Company Number]
Alternatively, you can reach out to our HR department at:
HR Manager: [Insert HR Manager's Name]
HR Email: [Insert HR Email]
HR Contact Number: [Insert HR Contact Number]
Attachments
Renewal Contract
Attached is the renewal contract that outlines the terms and conditions for your continued employment.
Benefits Summary
Also attached is a summary of the benefits you will receive upon contract renewal.
HR Templates @ Templates.net
