Employee Lending Agreement

Lending Company (Employer of Record): [Name] · Borrowing Company: [Name] · Employee: [Name] · Date: [Date]

1. Arrangement

Lending Company agrees to loan the services of Employee to Borrowing Company for [Duration/Project], while Employee remains an employee of Lending Company for all payroll, benefits, and employment law purposes.

2. Employee's Duties

While loaned, Employee will perform [Description of duties] under the day-to-day direction of Borrowing Company, but remains subject to Lending Company's employment policies.

3. Compensation

Lending Company continues to pay Employee's salary and benefits. Borrowing Company will reimburse Lending Company [Amount/rate] for the loaned time, invoiced [Frequency].

4. Workers' Compensation and Liability

Lending Company's workers' compensation coverage continues to apply to Employee during the loan period. Borrowing Company will maintain a safe working environment and promptly report any workplace incident to Lending Company.

5. Term

This arrangement runs from [Start Date] to [End Date], and may be ended earlier by either company with [Notice Period] notice to the other and to Employee.

6. Employee's Consent

Employee consents to this temporary assignment and understands their employment relationship remains with Lending Company throughout.

Lending Company: ______________________ Date: ____________ Borrowing Company: ______________________ Date: ____________ Employee: ______________________ Date: ____________

*This document is provided for informational and educational purposes only and does not constitute legal advice. Courts sometimes apply a "borrowed servant" doctrine that can shift workers' compensation or liability responsibility to the borrowing company based on who actually controlled the work, regardless of what this agreement states — both companies should confirm their insurance coverage actually extends to this arrangement.*