Example of a Business Reconversion Contract

The contract for business restructuring It is a contract entered into due to the need to make a replacement, expansion or modification within the activities carried out within a company.

This contract may be due to circumstances such as:

• Technology change
• New team
• Facilities
• Means of production,
• Production methods and procedures or
• Administrative.

It is the one that is celebrated due to the substitution, expansion or modification of the activities carried out in the company, and in general any variation of technological character in machinery, equipment, facilities, means of production, systems, methods and production procedures and administrative.

The duration of this contract is approximately two years and depending on the place or country in which it is applied, there may be the possibility of permanent contracting.

Example of a business conversion contract.

Work contract for business reconversion

They celebrate the present employment contract in business reconversion in accordance with the corresponding labor legislation as established in article (…………………) of the labor law. That endorses Mr. Eduardo Méndez Méndez, who identifies himself with his identity card number “265789sert”, and which declares to have its address at Av. Industrial number 123 Colonia Obreros department Acompa, state of Mexico; person who will act as representative of the company Luminextal S.A de C.V, as established in the minutes Notary Public No. 321 issued by the notary public number 0012 of the municipality of Acompa de Versalles, state of Mexico. Person who hereinafter will be referred to as "THE EMPLOYER", and as a counterpart Mr. Fernando Gómez Pérez, who identifies himself with identity card No "987562tres" issued by the Secretariat of Governorate. Who has his domicile at Calle Unión Nacional No 567 in the popular neighborhood, Municipality of Acompa de Versalles, State of Mexico. Person who hereinafter will be referred to as "THE WORKER".

The parties will be guided by the following terms and conditions:

First.- The employer represents a company dedicated to the field of smart building lighting.

Company that requires covering the needs of human resources, which originate from the recent implementation of computers that will have the function of controlling the adequate consumption of light in the buildings.

Second.- By means of this contract, "THE EMPLOYER" hires on a "TEMPORARY" basis, and under the form of Reconversion business, the services of "THE WORKER", a person who will perform the role of supervisor of skills in the new operators.

Third.- The duration of this contract will be twenty-four months, counted from March 22, 2013, and will end on March 22, 2014, at which time this will cease to have its corresponding legal effects. contract.

Bedroom.- "The worker" will have a trial period of one month, which will begin on March 23 of this year and will end on April 24 of this year. Explicitly clarifying that "THE EMPLOYER" is empowered to dissolve this contract in case the required parameters are not met by paying only compensation correspondent.

Fifth.- "THE WORKER" will follow a work schedule that is explained here:

• Monday to Friday from 9:00 a.m. to 6:00 p.m., with the corresponding rest time.

Sixth.- "THE WORKER" will expressly comply with the workplace standards, both work and safety.

Seventh.- The salary that "THE EMPLOYER": Will deliver to the "WORKER", will be the amount of 5,500.00 (Five one thousand five hundred pesos M / N) payable monthly, in cash, by check or by deposit banking.

Eighth.- From the salary of "THE WORKER", the amount corresponding to taxes will be deducted, leaving an effective total of 5,000.00 (Five thousand pesos), the reduced amount will cover social security, and corresponding taxes according to the tax regime correspondent.

Nineth.- "THE EMPLOYER" will enter "THE WORKER", in his remuneration register, as well as the corresponding social security including the corresponding copy to the labor authority correspondent.

Tenth.- This contract is sponsored by federal labor law in everything related to workers and employers and their corresponding rights.

As a sign of compliance with all the clauses of this contract, the parties sign, in triplicate, on the 22nd day of March 2013

THE EMPLOYER THE WORKER
Signature Signature