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Employee Offer Letter
Confidential -- For Preview Purposes Only
Employment agreement template covering compensation, benefits, and standard employment terms.
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[URL]
[Company Name]
____________________
__________ ______
[Date]
[Employee Name]
[Employee Address 1]
[Employee Address 2]
Dear __________:
[Company Name], a Delaware corporation (the “Company”), is pleased to offer you employment with the Company on the terms described below.
Position. You will start in a full-time position as [Employee’s Title] and you will initially report to the Company’s [Supervisor’s Title]. Your primary duties will be ___________________________________________________________________________________________________________________________________________________________. By signing this letter, you confirm with the Company that you are under no contractual or other legal obligations that would prohibit you from performing your duties with the Company.
Compensation and Employee Benefits. You will be paid a starting [wage/salary] at the rate of $__________ per [hour/month/year], payable on the Company’s regular payroll dates. [As a regular employee of the Company you will be eligible to participate in a number of Company-sponsored benefits, which are described in the employee benefit summary that I have enclosed with this letter.]
[Equity Grant. Subject to the approval of the Company’s Board of Directors, you will be granted [an option] OR [a right] to purchase __________ shares of the Company’s common stock. The [option] OR [purchase right] will be subject to the terms and conditions applicable to [options] OR [restricted stock awards] granted under the Company’s [Stock Plan Name], as described in that plan and the applicable [stock option] OR [restricted stock purchase] agreement, which you will be required to sign. You will vest in [25]% of the shares on the [12]-month anniversary of your vesting commencement date and [1/48th] of the total shares will vest in monthly installments thereafter during continuous service, as described in the applicable [stock option] OR [restricted stock purchase] agreement. The [exercise] OR [purchase] price per share will be equal to the fair market value per share on the date the [option] OR [restricted stock award] is granted, as determined by the Company’s Board of Directors in good faith [compliance with applicable guidance in order to avoid having the option be treated as deferred compensation under Section 409A of the Internal Revenue Code of 1986, as amended]. There is no guarantee that the Internal Revenue Service will agree with this value. You should consult with your own tax advisor concerning the tax risks associated with accepting [an option] OR [a right] to purchase the Company’s common stock.]
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Employee Offer Letter
Employment Agreements -- US - General