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EMPLOYMENT LAW GUIDE: - page 118 / 134





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option, as well as all other details of the grant, will be set forth in your Individual Stock Option Agreement.

As an employee of the Company, at such time as you become eligible, you will receive the benefits, from time to time, provided to our employees, consistent with the terms of each particular benefit plan or contract. Of course, the Company reserves the right to modify these benefits from time to time, as it deems necessary.

As a member of our team, you will be informed periodically of the Company’s policies and procedures for employees. As an employee of the Company, you will be expected to abide by these policies and procedures.

Your employment with the Company is “at will.” This means that either you or the company may terminate your employment with the Company at any time, with or without cause or advance notice. This at-will employment relationship cannot be changed by any statement, promise, policy, course of conduct or manual, except by a writing signed by you and an appropriate officer of the Company.

The terms in this letter supersede any other agreements or promises made to you by anyone on behalf of the Company, whether oral or written. By accepting this offer, you represent and warrant that your employment with the Company will not violate any agreements, obligations or understandings that you may have with any third party or prior employer.

If you choose to accept our offer under the terms described above, please sign this letter

where indicated below and return to us no later than . If we have not _____________ received your signed acceptance by such date, this offer shall be revoked and considered null and void. If you any questions about this letter or any other document, please call


_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

We are looking forward to having you as a member of our team. We believe that the Company’s success will depend on the quality and teamwork of its people. We look forward to your favorable reply, and to a productive and enjoyable work relationship.

Very truly yours, [COMPANY NAME]





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