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Jurisdiction: Federal
Description
Offer Letter/Executive Employment Agreement
(Short Form)
Offer Letter/Executive Employment Agreement Preparation Form – We recommend that you gather the information in this form prior to accessing the online questionnaire. Doing so will help you efficiently create your custom Offer Letter/Short-Form Executive Employment Agreement.
Summary
This document outlines the general terms and conditions of an executive’s proposed employment. Once an employer decides to offer the applicant a position, the employer can send this letter to the applicant. The applicant must then sign the agreement upon confirming that the terms are acceptable. Importantly, this agreement is less formal than a comprehensive employment agreement. Therefore, employers should use this Offer Letter as a stand-alone document in lieu of a formal employment agreement. Nevertheless, employers should include all material terms.
Details
While the format of executive offer letters can vary widely, they should generally contain at least the following employment terms:
- The position offered and the duties associated with it.
- The base pay offered and its frequency or the schedule of payments.
- Any additional cash compensation offered, such as a signing bonus or annual target bonus and the payment schedule.
- Any equity compensation offered or eligibility to participate in the employer’s equity plans.
- The employee benefits and perquisites offered.
- A statement that the executive’s employment is at-will rather than for a specific term.
- A representation from the executive that the executive is not subject to any restrictions from a current or former employer that would prevent the executive from performing the obligations of the position.
Additional Documents
We also offer non-executive offer letters, medium form executive employment agreements, and long form executive employment agreements.
Legal Disclaimers
Important Legal Disclaimers
Helix Compliance, LLC (“Helix”) is not a law firm, and Helix’s employees and representatives are not acting as your attorney. Helix provides a technology-based platform for those seeking to prepare their own legal documents. Using Helix’s system-generated documents does not create an attorney-client relationship between you and Helix or any Helix employee or representative. Therefore, your communications with Helix do not constitute privileged communications. Likewise, neither the attorney-client privilege nor the work product doctrine protect your communications with Helix. Helix is not your lawyer in any way, shape, or form.
Using Helix’s documents is not a substitute for the expertise of an attorney. Thus, you should not use Helix’s system-generated documents as a substitute for legal advice. Additionally, you should not construe Helix’s system-generated documents as legal advice. Helix does not review any information provided to it for legal accuracy or sufficiency. Helix does not apply the law to the facts of your situation, and Helix does not draw legal conclusions. Further, Helix does not provide opinions about your selection of documents. Users seeking legal advice should consult a qualified licensed attorney.
Even though Helix seeks to ensure that document content is up-to-date, laws change rapidly. Therefore, Helix does not guarantee that each document is completely current. The law differs in each legal jurisdiction and may be applied differently depending on your factual circumstances. If you are unsure whether your situation requires a specific document or whether the document’s contents are legally sufficient for your specific purposes, you should consult a qualified licensed attorney.
Comments from the Author
Offer Letter – Executive Employment Agreement (Short Form)