Salary Increase Letter
This Salary Increase Letter (“Agreement”) is issued on [Date], by:
*Employer: [Company Name]
Address: [Company Address]*
To: [Employee’s Full Name]
*Position: [Employee’s Job Title]
Department: [Department Name]*
1. Purpose
This Agreement serves as a formal notification and confirmation of an adjustment to your base salary.
2. Effective Date
The salary increase shall take effect on [Effective Date] and apply to all payroll periods beginning on or after this date.
3. New Compensation
Your new base salary will be:
-
Gross annual salary: $[New Annual Amount]
-
Gross monthly salary: $[New Monthly Amount]
This increase reflects a change from your current salary of $[Previous Annual Amount].
Gross annual salary: $[New Annual Amount]
Gross monthly salary: $[New Monthly Amount]
This increase reflects a change from your current salary of $[Previous Annual Amount].
4. Reason for Adjustment
The salary adjustment has been made based on [select one or more: performance evaluation, market review, change in responsibilities, promotion, length of service, etc.].
5. Other Terms of Employment
All other terms and conditions of your employment remain unchanged and in full effect unless otherwise specified in a separate written agreement.
6. Acknowledgement
By signing below, you acknowledge receipt of this Salary Increase Letter and confirm your understanding of the new compensation terms.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date written above.
Employee Signature
Name:
Date:
Employer Representative Signature
Name:
Title:
Date:
