- This is not a contract; any contract with us must be signed by the CEO. (Paper is not signed by the CEO.)
- You are an "at will" employee. The employment relationship may be ended at any time, by any party, for any reason, or no reason at all. There are no notice requirements, and any and all obligations of one party to the other are severed at the moment of separation.
- We may change the terms and conditions of your employment at any time. If you don't like it, you are free to leave.
As employment "contracts" go, these were slightly less useful to me than a roll of toilet paper.
When I made my comment, I was trying to get a handle on just why Americans don't think of these as contracts, and the quoted bit is why I think. An employment contract, to an American, means, for whatever reason, probably because that's how Europeans do it, that the company can't just fire you.
The fact that should the agreement ever turn up in court, it's contract law that will be used to adjudicate it, just doesn't register. Probably because lawsuits are so far away from the American consciousness, something only big companies with huge budgets do with each other. Or ambulance chasers or other such grifters.
The only negotiable point is the rate of pay. The valuable consideration is money for labor. All other terms and conditions of employment are set by the employee manual, which is "do this, just like this, or we fire you".
As contracts go, they suck for the employee.