Salary Increase Agreement Template

You can open the Salary Increase Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Salary Increase Agreement Template

Printable | Editable Form




Salary Increase Agreement Template (1)
Between:
[Name of the Employee]
[Employee ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
And:
[Name of the Employer]
[Company’s ID]
[Employer’s Address]
Introduction:
This document formalizes the agreement for a salary increase granted to the Employee, effective as of [Effective Date].
Clause 1: Current Salary
The current salary of the Employee is [Current Salary].
Clause 2: New Salary
The new salary will be [New Salary], representing an increase of [Percentage or Amount] from the current salary.
Clause 3: Reason for Increase
This salary increase is based on [Specify reasons such as performance evaluation, promotion, market adjustments].
Clause 4: Effective Date
The salary increase will take effect on [Effective Date].
Clause 5: Other Benefits
The Employee will also be eligible for [Specify any additional benefits, bonuses, or changes in terms of employment].
Clause 6: Governing Laws
This agreement will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Employer]
[Name of the Employer]
[Signature of the Employee]
[Name of the Employee]
Salary Increase Agreement Template (2)
Between:
[Name of the Employee]
[Employee ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
And:
[Name of the Employer]
[Company’s ID]
[Employer’s Address]
Introduction:
This agreement outlines the terms of the salary increase granted to the Employee, effective from [Effective Date].
Clause 1: Base Salary
The Employee’s previous base salary was [Base Salary].
Clause 2: Revised Salary
Following our discussions, the revised salary will be [Revised Salary] starting from [Effective Date].
Clause 3: Justification for Increase
The increase is attributed to [Provide detailed reasons like outstanding performance, new responsibilities, or competitive market standards].
Clause 4: Implementation
Payments reflecting the new salary will be made starting on [Payment Date].
Clause 5: Future Reviews
The Employee and Employer agree to review the salary and job performance annually.
Clause 6: Jurisdiction
This agreement is subject to the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Employer]
[Name of the Employer]
[Signature of the Employee]
[Name of the Employee]

Form

Please complete the form below to create the Salary Increase Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Salary Increase Agreement Template

1. Employee Information


2. Employer Information


3. Agreement Details



4. Reasons for Salary Increase

5. Responsibilities and Job Role Changes

6. Terms and Conditions of the Salary Increase

7. Review Period

8. Signatures and Acceptance

9. Declaration and Signatures




PDF


WORD

Printable

Salary Increase Agreement Template

Printable | Editable Form




Salary Increase Agreement Template