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EMPLOYMENT LAW GUIDE: - page 114 / 134

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Exhibit K

Sample Offer Letter for Executive Position

[SAMPLE OFFER LETTER TO BE PLACED ON COMPANY LETTERHEAD]

  • for executive position

  • includes language for grant of stock option

  • includes language for payment of a discretionary bonus (this is only an example of a bonus provision; bonus provisions should be given careful attention as to whether they are an absolute obligation of the employer or a discretionary entitlement. If the bonus has been agreed upon prior to hiring, spell out the formula clearly in the letter – this can be contentious later)

  • no background checks

[DATE]

[NAME] [ADDRESS]

Re:

Employment Offer

Dear [Name]:

I am extremely pleased to confirm our offer to you to join our company in the

position of . We look forward to your joining us during the _________________________ week of ________________ , with our full understanding that your start date may be sooner or later depending upon your satisfying all obligations with your current employer.

Your initial base salary will be $ per month less payroll deductions _____________ and withholdings. This equates to $ ___________ on an annualized basis. In addition to your salary, you will be eligible to receive the following additional compensation:

1

.

due and payable to you A signing bonus in the amount of $ _ _ _ _ _ _ _ ______________ , days after you start working. which bonus will be

2.

An annual, discretionary bonus due and payable to you within ____ days of the close our fiscal year. The terms of this discretionary bonus will be

mutually agreed upon between you and . Typically, ______________ calculation of a discretionary bonus takes into account your individual performance and the overall performance of the company.

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