Executive Job Offer Letter Template

Executive Job Offer Letter schabloneExecutive Job Offer Letter TemplateThe job offer letter is provided to the candidate you have selected for the position. Most frequently, the candidate and the organization have verbally negotiated the conditions of hire and the job offer letter confirms the verbal agreements. Generally, the candidate has indicated that he or she will accept the position, under the stated terms, prior to the drafting of the letter. Do regard the position acceptance as tentative, however, until the offer letter, and the confidentiality agreement, if you use one, are signed. Executive Job Offer Letter The following job offer letter is customized for the high-level director or executive. Executive contracts are often far more lengthy than those of the average employee as the agreements reached can cover everything from compensation, moving expenses, and signing bonusesto millions of dollars in severance packages and stock options. Executive pay can range from appr oximately $100,000 to millions of dollars. Frequently, an executive who has verbally agreed to a job offer hires an attorney who prepares the paperwork. In these instances, the executive contract can be 30-100 pages in length and define every possible condition of employment. In other instances, the employer prepares their voreingestellt executive employee contract. During negotiations, the senior employee then takes this employer-offered contract to her attorney who adds clauses to protect her interests. In the end, the employer and employee agree to the contract terms no matter who initiatedthe contracts first draft. The executive contract protects far-reaching rights of the employee it also protects the interests of the company. The goal in negotiating an executive contract is for the executive to get as much as she can. At the same time, she does not want to leave the potential employer feeling as if they lost the negotiation. It is strongly recommended that you consult your att orney about any job offer that you made to any senior team members starting at the associate director level. Use this template to help you put together job offers to senior level employees. Executive Team Member Job Offer Letter Template DateNameAddressCity, State, ZipDear Name of CandidateIt is my pleasure to extend the following offer of employment to you on behalf of (your company name). This offer is contingent upon your passing our mandatory drug screen, our receipt of your college transcripts, and (any other contingencies you may wish to state). ExpandTitle Reporting RelationshipThe position will report to (Name and Title) _____________________________________________________________ Job Description and Goals or Objectivesare attached. Base SalaryWill be paid in bi-weekly installments of $_________, which is equivalent to $_______ on an annual basis, and subject to deductions for taxes and other withholdings as required by law or the policies of the company. nachschlag (orComm ission) Potential Effective upon satisfactory completion of the first 90 days of employment, and based upon the goals and objectives agreed toin theperformance developmentplanning process with your manager, you may beeligible for a bonus. The bonus plan for this year and beyond, should such a plan exist, will be based on the formula determined by the company for that year. Signing Bonus$10,000 payable during the first pay period. Non-Compete AgreementOur standard non-compete agreement must be signed prior to yourstart date. BenefitsThe current,standard company health, life, disability anddental insurance coverageare generally supplied per company policy. Eligibility for other benefits, including the 401(k) andtuition reimbursement, will generally take place per company policy. Employee contribution topaymentfor benefit plans is determined annually. Car Allowance$500.00 per month car allowance will generally be provided. Stock OptionsSpell out any options that may be available for pu rchase by the executive. Spell out any options or other stock vehicles for which the executive is eligible. StockBuy-BackProvisionsDetail how the executives stock will be repurchased by the company if the executive leaves the employer for any reason other than cause. Severance PayIf the executive is let go by the company for any reason other than cause (for example, violence, theft, fraudulent activities,harassment, and so forth), the company will pay the executive six months of salary and cover COBRA expenses for the executives family during the same time period. Payment is due in a lump sum upon termination or is payable in regular pay periods over the six months. (Determine the details of the severance package.) ExpensesSpell out any moving or other transition expenses the company will pay. Vacation and Personal Emergency Time OffVacation is accrued at x.xx hours per pay period, which is equivalent to four weeks of paid time off on an annual basis. Personal emergency days are gen erally accrued per company policy. Phone/Travel AllowanceNormal and reasonable expenses will be reimbursed on a monthly basis per company policy and upon completion of the appropriate expense request form. Start DateMonth, Date, Year Your employment with (Company Name) isat-will and either party can terminatethe relationship at any time with or without cause and with or without notice. You acknowledge that this offer letter, (along with the final form of any referenced documents (such as a Stock Repurchase Plan, Job Description, Bonus Goals, and so forth.), represents the entire agreement between you and (Company Name) and that no verbal or written agreements, promises or representations that are not specifically stated in this offer, are or will be binding upon (Company Name). If you are in agreement with the above outline, please sign below. This offer is in effect for (generally, five business days). Signatures __________________________________________________________ (For the C ompany Name) __________________________________________________________ Date __________________________________________________________ (Candidates Name) __________________________________________________________ Date DisclaimerPlease note that the information provided, while authoritative, is not guaranteed for accuracy and legality. The site is read by a world-wide audience andemployment lawsand regulations vary from state to state and country to country. Please seek legal assistance, or assistance from State, Federal, or International governmental resources, to make certain your legal interpretation and decisions are correct for your location. This information is for guidance, ideas, and assistance.