The terms of a contract

W Draft an employment contract using plain language and avoiding legal jargon. The essentials of an employment contract are set out in Figure 20.2 reproduced for ease of reference. Figure 20.2 Essential Content of an Employment Contract An employment contract should contain the following information: t names of the parties t date on which the contract begins t position and description of the work to be performed t compensation (i.e., salary, wages, bonuses) t benefits (i.e., vacation, vacation pay, health and dental plans, pensions, etc.) t probation period, if any t duration of the contract, if any t evaluation and discipline procedures t company policies or reference to employee policy manual t termination provisions (i.e., cause for dismissal, notice oftermination, severance package) t recital of management rights (i.e., employer has a right to make changes to job duties and responsibilities) t confidentiality clause, if appropriate t ownership of intellectual property, if appropriate I! restrictive covenants, if any I: \"entire agreement\" clause (i.e., the written contract contains the whole agreement)