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POST-RETIREMENT EMPLOYMENT CONTRACT NEW

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POST-RETIREMENT TEMPORARY CONTRACT OF EMPLOYMENT
between
NAME OF BUSINESS UNIT (THE EMPLOYER)
and
FULL NAME OF THE RETIRED EMPLOYEE (THE RETIRED TEMPORARY EMPLOYEE)
1.
DURATION OF CONTRACT
The contract of employment shall be from date to date.
2.
PLACE OF WORK
The Employee will be employed at full company address.
3.
DUTIES
Although the Employee will be employed to perform the duties of job description and may be required to perform other
duties that may reasonably be expected of him within the Company from time to time.
4.
HOURS OF WORK
4.1
The Company generally works a 5 day week, Monday to Friday inclusive.
4.2
The daily hours of work will be from 08h00 to 16h30. This may be altered and the Employee will be informed
of changes and be expected to accommodate them.
4.3
The Employee will be entitled to a meal interval equal to one hour per day.
4.4
By signing this contract the Employee undertakes and agrees to perform such overtime duties that may reasonably
be required of her from time to time, provided that this does not exceed the limitations laid down in relevant
legislation.
5.
ANNUAL LEAVE
5.1
The Employee will accumulate annual leave at the rate of 1.25 working days per completed month of consecutive
service. The value of the total number of days accumulated (less any occasional days taken) at the end of the
contract period will be paid in terms of paragraph 8.
5.2
The Employee may take occasional leave during the period of the contract. This is at the discretion of management
and a leave application form must be completed and authorised before proceeding on leave.
6.
RETIREMENT FUND AND INSURED BENEFIT CONTRIBUTIONS
6.1
Selected benefit salary:

Your contributions to the Retirement Fund and to the insured benefits will be based on 80% of your “total cost of
employment” package.

This amount will be defined as your “Selected Benefit Salary” (“SBS”). The sum of benefit contributions including
medical aid premiums should not exceed 20% of your annual “total cost of employment” package amount.”
6.2
Retirement fund:

You have indicated that you wish to remain on the Grindrod Provident Fund. Please note that cover for Disability
will fall away at age 60.

Please make your own personal arrangements for Disability Cover should your require this. Dread Disease cover
will continue until age 65 and Death Cover up until age 70.

The contribution to the Grindrod Provident Fund is 17.5% of your “SBS”. The total contribution will be paid by the
Company and will form part of your “total cost of employment”.
7.
GENERAL CONDITIONS
The remaining conditions of employment, not expressly detailed in this contract, shall be the existing Company policy,
rules and regulations and the general conditions of employment as contained in the Basic Conditions of Employment Act.
8.
REMUNERATION
8.1
The Employee will receive, in arrears, Rvalue (value in words) per month.
8.2
The Company will remunerate the Employee for overtime hours worked at the rate described in the Basic Conditions
of Employment Act.
8.3
Statutory amounts such as PAYE and UIF contributions together with any other amounts authorised by the
Employee and/or determined by law will be deducted from the remuneration shown above.
8.4
9.
The net remuneration will be paid into a South African bank account, nominated by the Employee.
TERMINATION OF EMPLOYMENT
On completion of the contract as detailed in 1 above this contract shall automatically terminate. Such termination shall not
be construed as being retrenchment but shall be completion of the contract. No enquiry or investigation is required when
this contract terminates through the passage of time. The Employee will have no expectation for the renewal or extension
of this agreement.
The Company, however, reserves the right to terminate the employment without notice:
10.

If the Employee is guilty of any conduct or non-performance that will justify dismissal;

Should operational requirements prevail that will require termination; and/or

For any cause as regarded in law as sufficient.
CONFIDENTIALITY
By virtue of this contract of employment with the Company/Group, the Employee will gain access to the industry secrets
(confidential information, intellectual property, specialised methods of operation, industry connections, inventions and all
other data and information whatsoever) of the Company/Group and that the Company/Group would suffer substantial
prejudice should the Employee divulge to anyone outside the Group such industry secrets and, accordingly, in terms of
this agreement, the Employee agrees not to divulge any industry secrets of the Company/Group whilst in the service of the
Company/Group or at any time thereafter.
The security of equipment, communication facilities and the protection of confidential information are of crucial importance
to the business of the Company/Group, which has a legitimate propriety and commercial interest therein which it is entitled
to protect and in this regard we ask that the Employee please initial/sign the attached “Monitoring and Interception
Employee Consent Form” and return it together with your signed contract.
The copyright on all work produced by the Employee within the course and scope of this contract of employment is vested
in the Group.
This contract contains the full agreement between the Company and the Employee and any changes to it will only be
applicable if reduced in writing. Any dispute arising out of this agreement will be resolved in accordance with the
Company’s policies, rules and regulations and include the following, which are available from the manager

Disciplinary procedure

Grievance procedure

Group IT Policy
Other rules and regulations that may be implemented from time to time
The manager has a copy of these documents and they are available for viewing at any time.
Should the Company’s conditions be silent on an issue in dispute, the relevant determination of the Basic Conditions of
Employment Act (75 of 1997) will prevail.
By signature of the contract the Employee acknowledges that this agreement has been explained to him in a language
that he fully understands and that he accepts the terms and conditions stated therein.
SIGNED at ……………………………………………… on the …………… day of ………………………….. 20…….
EMPLOYEE’S SIGNATURE ……………………………………………..
WITNESSES
1. ……………………………………………..
2. ……………………………………………..
IDENTITY NUMBER …………………………………..
SIGNED at ……………………………………………… on the …………… day of ………………………….. 20…….
COMPANY REPRESENTATIVE’S SIGNATURE ……………………………………………..
FULL NAME ……………………………………………………………..……..
IDENTITY NUMBER ………………………………..
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