Employment Agreement Extension: Definition, Example
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Quick Facts — Employment Agreement Extension Lawyers
- Avg cost to review an Employment Agreement: $590.00
- Lawyers available: 65 employment lawyers
- Clients helped: 51 recent employment agreement extension projects
- Avg lawyer rating: 4.43 (7 reviews)
What is an Employment Agreement Extension?
An employment agreement extension is a contract between an employer and employee that extends the term of the original contract agreements. This agreement is helpful in scenarios where an employee is retained by the company contractually for a predetermined amount of time. By drafting and signing an employment agreement extension, employers are able to secure employees for an extended amount of time.
In exchange for extending their employment obligation, employees are sometimes granted special terms, such as an increased rate of pay or better benefits. The employment agreement extension includes details about what these items might be.
Employment Agreement Extension Sample
Exhibit 10.3
[MBIA INC. LETTERHEAD]
Mitchell Sonkin
163 Lake Ave
Greenwich, CT 06830
Employment Agreement Extension
Dear Mitch:
We refer to your letter agreement (the “Employment Agreement”), dated August 4, 2009, setting forth the terms pursuant to which you have continued to be an employee of MBIA Insurance Corporation or one of its affiliates (the “Employer”), and an officer of MBIA Inc. (“MBIA”) and one or more of its subsidiaries through June 30, 2010, subject to such extension as may be mutually agreed by you, MBIA and the Employer. As provided in Section 1 of the Employment Agreement, you, MBIA and the Employer hereby mutually agree to extend the Employment Period (within the meaning of the Employment Agreement) through June 30, 2011. Accordingly, the terms and conditions set forth in the Employment Agreement shall continue until June 30, 2011, unless you, MBIA and the Employer shall mutually agree to further extend the Employment Period or enter into a new agreement.
For your convenience, a copy of the Employment Agreement is attached to this letter.
Please confirm your acceptance of the extension of the Employment Period as set forth above by signing below.
Sincerely,
| /s/ Joseph W. Brown |
| Joseph W. Brown |
| Chairman and Chief Executive Officer |
| Agreed and Accepted: | /s/ Mitchell Sonkin | |
| Mitchell Sonkin | ||
Dated: May 5, 2010
1
Reference:
Security Exchange Commission - Edgar Database, EX-10.3 4 dex103.htm EMPLOYMENT AGREEMENT EXTENSION, Viewed September 15, 2022, View Source on SEC.
Who Helps With Employment Agreement Extensions?
Lawyers with backgrounds working on employment agreement extensions work with clients to help. Do you need help with an employment agreement extension?
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Meet some of our Employment Agreement Extension Lawyers
Max M.
Business attorney with a focus on the health care sector, bringing Biglaw experience in multi-million dollar mergers and acquisitions, financings, and general corporate counsel work to the small firm space. I now help startups and growing companies access the same level of sophistication and strategic guidance typically reserved for large institutions.
"Max was great! He put together a subcontract for us for our subconsultants. Really easy to work with."
Samuel R.
My career interests are to practice Transactional Corporate Law, including Business Start Up, as well as Real Estate Law, Estate Planning Law, and Intellectual Property Law. I am currently licensed in Arizona, Pennsylvania and Utah, after having moved to Phoenix from Philadelphia in September 2019. I currently serve as General Counsel for a bioengineering company. I handle everything from their Business Transactional Agreements, Private Placement Memorandums, and Corporate Structures to Intellectual Property Assignments, to Employment Law and Beach of Contract settlements. Responsibilities include writing and executing agreements, drafting court pleadings, court appearances, mergers and acquisitions, transactional documents, managing expert specialized legal counsel, legal research and anticipating unique legal issues that could impact the Company. Conducted an acquisition of an entire line of intellectual property from a competitor. In regards to other clients, I am primarily focused on transactional law for clients in a variety of industries including, but not limited to, real estate investment, property management, and e-commerce. Work is primarily centered around entity formation and corporate structure, corporate governance agreements, PPMs, opportunity zone tax incentives, and all kinds of business to business agreements. I have also recently gained experience with Estate Planning law, drafting numerous Estate Planning documents for people such as Wills, Powers of Attorney, Healthcare Directives, and Trusts. I was selected to the Super Lawyers Southwest Rising Stars list for 2024 - 2026. Each year no more than 2.5% of the attorneys in Arizona and New Mexico are selected to the Rising Stars. I am looking to further gain legal experience in these fields of law as well as expand my legal experience assisting business start ups, and also trademark registration and licensing.
"Everything went very quick, I am very satisfied with the results."
Peter L.
Experienced in house counsel with expertise in contracting, labor and employment, regulatory and compliance and healthcare
"Thank you Peter, you did an amazing job for this medical contract, We appreciate your help and diligience."
Heather B.
Heather B.
Delivering proactive and strategic guidance to health and fitness professionals and entities as they scale.
"Heather was great and not only delivered the required ask but gave additional advisory notice on factors I didn’t consider."
Don M.
AI and crypto-savvy Attorney with 20+ years’ experience advising companies in I.T., software, telecommunications, FinTech and Artificial Intelligence (AI) with 9+ yrs spent in GC roles. Barred in 3 states (Calif. New York & Wash. D.C.) plus the U.S. Supreme Court. Registered Patent Attorney (USPTO). Extremely versatile, with subject matter expertise in a variety of legal topics highly useful for tech and startup companies, including IP, privacy, financial / banking laws (Regulation E, UDAAP, ID Theft Red Flags Rule, etc.), AML, KYC, export controls, litigation/ADR, cryptocurrency regulations and the rules governing the use of A.I. Deep understanding of computer technology via Master’s in Comp. Info. Systems (MSCIS). Also pre-law business experience. Certifications: Certified Anti-Money Laundering Specialist (CAMS); Certified Information Privacy Professional (CIPP-US); Certified HIPAA Professional. Education: Law degree (JD): UCLA, 2003. MSCIS: Boston Univ., 2011.
Tim B.
Attorney Tim Baldwin is the founder of Property Management Law Solutions, PLLC, a Florida law firm that specializes in representing landlords, property owners, apartments, and property management companies in a variety of property related legal matters, like evictions, security deposit disputes, fair housing matters, civil defense, damages actions, risk mitigation, partition, code violation, lease enforcement, and other real property litigation. Starting as a prosecutor from 2004 to 2006, Tim Baldwin gained invaluable experience as a courtroom litigator and to date has tried nearly 60 jury trials. When he opened his law practice in 2006, Tim focused his law practice on helping landlords in the Florida Panhandle. Since then, Tim Baldwin has expanded his law practice across Florida and become known as one of the premier Florida attorneys in landlord and property law. Tim regularly speaks at events for real estate groups, such as apartment and property management associations and real estate investment groups. Tim also hosts his own podcast, Property Management Law Solutions Podcast, where he discusses a wide range of landlord and property management related topics, and is frequently asked to be a guest on other podcasts nationwide.
December 9, 2025
Kevin F.
Hi, I’m Kevin Flaherty, an Illinois-licensed attorney with extensive experience negotiating and drafting complex commercial agreements for engineering firms, technology companies, public agencies, and small-to-mid-sized businesses. Over the course of my career, I’ve: Led negotiations on domestic and international contracts, including engineering services agreements, EPC arrangements, SaaS licensing, MSAs, purchase/supply agreements, NDAs, and other mission-critical commercial documents. Developed risk-allocation strategies around indemnities, liability limits, flow-downs, multi-party contracting structures, and high-stakes project frameworks. Built contract playbooks, drafting standards, review matrices, and workflows designed to help clients understand their risks clearly and move deals forward with confidence. Provided training and guidance to internal teams and leadership on contract strategy, compliance considerations, and best practices. I bring not only legal expertise, but also a practical, problem-solving mindset—translating dense legal terms into actionable business decisions and helping clients protect their interests without losing momentum.
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Browse Lawyers NowLawyer Reviews for Employment Agreement Extension Projects
Review Nurse Practitioner Employment Agreement for Early Termination in Virginia
"Mr. Randy Masters provided EXCELLENT legal support in reviewing my nurse practitioner healthcare contract. His analysis was thorough, precise, and directly aligned with what I needed. He communicated clearly, was highly responsive, and handled every detail with professionalism. Revisions were strategic and well-crafted, and I felt confident throughout the entire process. I would absolutely work with him again and highly recommend his services!"
Legal Assistance for LLC Formation and Employment Separation in Georgia
"Eric was incredibly helpful in assisting me with terminating a contract with my current employer. He was very responsive, thorough, and easy to work with throughout the whole process. I will definitely continue to use his services going forward. Highly recommend!"
Employment Contract Review for Physician Job in Ohio
"Did a fantastic job and was always quickly responsive to questions."
Review of COO Employment Agreement with Non-Compete and Damages Clauses
"I reached out to Gill with an urgent and sensitive employment law matter involving a COO employment agreement with non-compete clauses, liquidated damages provisions, and prohibited resignation periods. Gill responded same day, was professional, flexible with scheduling, and immediately made me feel at ease. He took the time to understand my specific situation and provided clear, practical guidance. His knowledge of Florida employment law and restrictive covenants is evident. Highly recommend Gill for anyone dealing with employment contract issues. Excellent value for the price."
Legal Review of Employment Offer Packet from Cybersecurity Company
"Dolan was fantastic to work with. He was very quick to respond and was incredibly helpful in my offer letter review. He provided a quick turn around and great guidance that gave me more confidence in my revision request. I would highly recommend Dolan and look forward to working with him again."
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Review Nurse Practitioner Employment Agreement for Early Termination in Virginia
Location: Virginia
Turnaround: Less than a week
Service: Contract Review
Doc Type: Employment Agreement
Page Count: 11
Number of Bids: 10
Bid Range: $240 - $2,000
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