Employees whom have accepted a job will usually be required by the employer to sign a contract. An employment contract example lists all the terms of the said position as it relates to: time off, termination of employment, compensation, vacation time (if any), sick time (if any), job description and required duties, hours per week, addresses of the employer and employee, pension and/or 401K details, any other benefits the employee might be entitled to, and areas for signatures of the employee and employer. An employment contract example is not binding until it is used in a real-world hiring situation and is signed by both parties: the employer and employee.