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