Employment Agreement Extension: Definition, Example
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Quick Facts — Employment Agreement Extension Lawyers
- Avg cost to review an Employment Agreement: $630.00
- Lawyers available: 81 employment lawyers
- Clients helped: 79 recent employment agreement extension projects
- Avg lawyer rating: 4.69 (14 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
Michael B.
Michael has extensive experience advising companies from start-ups to established publicly-traded companies . He has represented businesses in a wide array of fields IT consulting, software solutions, web design/ development, financial services, SaaS, data storage, and others. Areas of expertise include contract drafting and negotiation, terms of use, business structuring and funding, company and employee policies, general transactional issues as well as licensing and regulatory compliance. His prior experience before entering private practice includes negotiating sales contracts for a Fortune 500 healthcare company, as well as regulatory compliance contracts for a publicly traded dental manufacturer. Mr. Brennan firmly believes that every business deserves a lawyer that is both responsive and dependable, and he strives to provide that type of service to every client.
"I'm a solo developer launching my first app and needed privacy, terms, and disclaimer documents done properly. Mike delivered all three and they were thorough — the disclaimer in particular covers the specific ways an alarm app can fail, which is exactly the risk I needed addressed. What stood out was the follow-through. When I found a typo in one of the paragraphs he'd written, he confirmed the correction the same day and made a point of saying I could reach out again in the future. He was responsive throughout and easy to work with, and he clearly understood what a small software business actually needs rather than handing over boilerplate. If you're a small developer or single-member LLC trying to get your legal documents right before launch, I'd recommend him."
William B.
Attorney based in Southern California (for in-person matters), taking clients globally/remotely for CA-specific and Federal legals needs. Owner and operator of Alchemist Attorney, Inc. (www.alchemistattorney.com).
"Will contributed insightful and precisely explained revisions for technical software licensing terms and I'm very satisfied with the result."
Heather B.
Heather B.
Delivering proactive and strategic guidance to health and fitness professionals and entities as they scale.
"Quick turnaround, had everything I needed and a bit more. Could've used a bit more communication in the beginning to know my circumstance to help draft things I may not be thinking of or missed but all in all it was a great contract for the price."
Harry N.
Experienced business advisor and in-house counsel with extensive litigation experience, representing parties in a variety of complex commercial disputes, including securities, financial fraud, contract, and antitrust litigation.
"Harry has been sharp, responsive, and straight with me. He reviewed my waivers and then flagged several issues in my other agreements that were bigger than what I hired him for, instead of just doing the narrow job and moving on. He explained the risks clearly, told me what to hold on and why, and structured a fixed-fee scope that worked with my cash flow rather than pushing me into a monthly plan I wasn't ready for. He also brought in outside specialist counsel where it made sense instead of stretching past his own expertise. Easy to recommend."
Allen L.
Clear, strategic legal guidance when you need it most—whether you're planning ahead or defending a position. Legal challenges shouldn't feel confusing or overwhelming. Whether you're building an estate plan, structuring a business, or navigating a dispute, my practice is built on clarity, care, and practical strategy. I work with clients who want real solutions—not just paperwork—through planning and advice that truly fits their goals, families, and businesses. Planning & Structure I focus on estate planning, asset protection, and business succession, helping individuals and entrepreneurs organize their assets, reduce risk, and prepare for every stage of life. Whether you're setting up your first living trust, shielding your business from liability, or updating an existing estate plan, you'll receive clear guidance, fixed-fee pricing, and responsive support from start to finish. Each plan I design is tailored to your real-world priorities: preserving wealth, avoiding unnecessary taxes and probate, and ensuring the people you love are protected when it matters most. I also focus on general business matters outlined below. Disputes & Defense When legal conflicts arise—disputed contracts, demand letters, settlement negotiations, or litigation decisions—I provide realistic risk assessment and strategic guidance. I help clients understand their actual exposure (not just best-case scenarios), identify leverage points, and navigate toward efficient resolution. If you're facing a legal claim or need to evaluate your position before responding, I can walk you through the realistic options and their costs. Services: Estate Planning & Asset Protection --Simple wills and powers of attorney --Living trusts for small estates --Buy-sell agreements for family businesses Business Formation & Agreements --LLC or S-Corp formation filings --Operating Agreements / Shareholder Agreements --Founder or Investor Agreements --Bylaws and Minutes templates --Registered agent setup guidance Contracts & Commercial Matters --Service Agreements (consulting, marketing, software, design, etc.) --Independent Contractor Agreements --Employment contracts and offer letters --Non-compete, non-solicitation, or confidentiality agreements --Employee handbooks or HR policy updates --Termination or severance agreements --NDAs (Non-Disclosure Agreements) --Partnership or Joint Venture Agreements --Sales or Vendor Contracts --Licensing or IP Agreements Terms and conditions SaaS Platforms --Terms of Service --Privacy Policy --Independent Contractor Agreements --Customer/User Agreements --Liability Waivers --Cancellation & Refund Policy --Non-Solicitation Clauses --Marketplace compliance documents Real Estate --Commercial lease drafting or review --Residential lease review --Purchase & sale agreements --Short-term rental (Airbnb) contracts --Property management agreements Professional Approach: I leverage modern legal research and writing technologies—including AI-assisted tools—to enhance the quality, speed, and clarity of my analysis. Like many legal professionals today, I use these tools to organize research, improve communication, and catch errors. Every analysis I provide is thoroughly reviewed and reflects my independent professional judgment as a licensed attorney. AI is a tool that supports my work; it does not replace it.
"Excellent work. Very detailed. Very attentive. Great insight."
Paul S.
I focus my practice on startups and small to mid-size businesses, because they have unique needs that mid-size and large law firms aren't well-equipped to service. In addition to practicing law, I have started and run other businesses, and have an MBA in marketing from Indiana University. I combine my business experience with my legal expertise, to provide practical advice to my clients. I am licensed in Ohio and California, and I leverage the latest in technology to provide top quality legal services to a nationwide client-base. This enables me to serve my clients in a cost-effective manner that doesn't skimp on personal service.
"Was my great pleasure working with Paul. He is very knowledgeable about startups/companies, professional, wise, and supportive. I would highly recommend him."
Matthew S.
I am a 1984 graduate of the Benjamin N Cardozo School of Law (Yeshiva University) and have been licensed in New Jersey for over 35 years. I have extensive experience in negotiating real estate, business contracts, and loan agreements. Depending on your needs I can work remotely or face-to-face. I offer prompt and courteous service and can tailor a contract and process to meet your needs.
"Matthew was prompt and professional and satisfied all requirements of my request!"
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Browse Lawyers NowLawyer Reviews for Employment Agreement Extension Projects
Employment Contract Review for Physician Job in Ohio
"Did a fantastic job and was always quickly responsive to questions."
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!"
Reply From Randy M.
Richard, I appreciate you taking the time to leave this review. I enjoyed working with you on your employment agreement matter. You came prepared, communicated clearly, and made the process straightforward on my end as well. Wishing you all the best, and feel free to reach out anytime.
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"Libby was very responsive and very helpful -- much appreciated!"
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"Took a little longer than expected but the work was top notch."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
Healthcare Employment Agreement Review for Corporate Entity in Florida
Location: Florida
Turnaround: Less than a week
Service: Contract Review
Doc Type: Employment Agreement
Page Count: 17
Number of Bids: 5
Bid Range: $350 - $700
ContractsCounsel User