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Notice of Salary Reduction - Template, Sample Form

✓ Designed for use in Nigeria

Create your Notice of Salary Reduction for use in Nigeria. Answer a few plain-English questions and the document fills in automatically as you go - then download it in Word and PDF, ready to sign or share.

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Below you can preview the Notice of Salary Reduction, complete it by answering a few plain-English questions, and download a ready-to-sign copy in Word and PDF - tailored for use in Nigeria.

What the Notice of Salary Reduction includes

This template is organised into the following sections:

Frequently asked questions

What is a Notice of Salary Reduction?

A Notice of Salary Reduction is a ready-to-use legal template for Nigeria. You complete it by answering a few plain-English questions, then download the finished document in Word and PDF.

What does the Notice of Salary Reduction cover?

The Notice of Salary Reduction is organised into sections covering §1. Introduction, §2. Proposed Variation of Salary, §3. Basis and Justification, §4. Review, §5. Consent, so the important points are captured in a clear, consistent structure.

What formats can I download?

You can download your completed Notice of Salary Reduction as an editable Microsoft Word (.docx) file and as a PDF.

Can I edit the document later?

Yes - save it to your account and you can re-open, edit and re-download it at any time.

Is a Notice of Salary Reduction legally binding?

Once it is properly completed and signed by everyone involved, a Notice of Salary Reduction is generally legally binding in Nigeria, provided it meets the legal requirements that apply to this type of document.

What laws apply to a Notice of Salary Reduction in Nigeria?

A Notice of Salary Reduction should comply with the laws in force in Nigeria. This template is built around the provisions such situations commonly require, but the rules can vary by region and change over time, so check the current requirements for your case.

Do I need a lawyer to use a Notice of Salary Reduction?

For most standard situations you can complete the Notice of Salary Reduction yourself using the guided questionnaire. For high-value, unusual or high-risk matters, it is sensible to have a qualified lawyer review the finished document.

How do I sign the Notice of Salary Reduction?

Download the completed Notice of Salary Reduction as Word or PDF and sign it as required in Nigeria. Depending on the document this may involve a handwritten or electronic signature, and some documents also need witnesses.

Is the Notice of Salary Reduction free?

You can preview the Notice of Salary Reduction and fill it in for free. A one-time fee applies only when you download the finished, ready-to-sign document in Word and PDF.

How long does it take to complete a Notice of Salary Reduction?

Most people finish the Notice of Salary Reduction in just a few minutes by answering the plain-English questions. You can save your progress and come back to it at any time.

Prepared and reviewed by the LegalDocs team.

Document preview

________
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________

________
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Dear ________,

RE: NOTICE OF PROPOSED VARIATION OF SALARY (SALARY REDUCTION)

§1. Introduction

1.1 This letter is issued with reference to your contract of employment dated ________ (the “Contract”) and further to our consultative meeting held on ________ at which the matters herein were discussed with you.

1.2 The purpose of this letter is to formally notify you of a proposed variation to the remuneration provisions of your Contract, in the manner set out below, and to obtain your written consent thereto.

§2. Proposed Variation of Salary

2.1 Subject to your consent under §5 below, your current gross monthly salary of ₦________ will be reduced to a gross monthly salary of ₦________.

2.2 The reduction shall take effect on ________ and shall, unless extended or otherwise varied in accordance with this letter, subsist for a period of ________.

2.3 This variation is being proposed for the following reasons:

________

§3. Basis and Justification

3.1 This proposed reduction is a temporary measure necessitated by the prevailing financial circumstances of the Company and is intended to preserve the viability of the business and to protect employment during this difficult period.

§4. Review

4.1 The revised salary structure shall be reviewed periodically by the Company, and you shall be duly notified in writing of any further variation thereto. The Company shall use its reasonable endeavours to restore your salary to its previous level upon improvement of the Company’s financial position.

§5. Consent

5.1 In accordance with the principle that a variation to a contract of employment requires the mutual agreement of both parties, the implementation of the variation set out above is subject to your written consent. Kindly indicate your acceptance by signing and returning the acknowledgement and consent below on or before ________.

Thank you for your cooperation.


Yours faithfully,



____________________
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________
For and on behalf of ________

ACKNOWLEDGEMENT AND CONSENT BY EMPLOYEE

I, ________, confirm that I have read and understood the contents of this letter and I hereby consent to / do not consent to the variation of my salary on the terms set out above.


Signature: ____________________
Name: ________
Date: ________

WITNESS
Signature: ____________________
Name: ________
Address: ________
Occupation: ________
Date: ________

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Fields you complete are inserted into the document live. This template is general guidance only - not legal advice.