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Another Sample Offer Letter Format

Offer of Employment

Variables { } included in offer letter: Date, Applicant Name, Applicant Address, Reply-by Date, Job Title, Salary, Commencement Date, Company Name, Number of Stock Options, Reply-by Date, HR Officer's Phone Number, HR Officer's Name, HR Officer's Title.

{letterhead}
{Date}


{Applicant Name}
{Applicant Address}


Dear {Applicant Name}:

Further to our recent discussions regarding employment with {Company Name}, we are pleased to make a formal offer of employment to you on the terms and conditions set out in this letter. If you are prepared to accept this offer, kindly execute the original of this letter and return it to us on or before {Reply-by Date} .We are prepared to offer you the position of {Job Title} working in the {Department, Division, Location, etc.} office of {Company Name} and reporting to the {Person Reporting To} . Your responsibilities will include {General Responsibilities} as assigned along with such further duties and requirements as we may reasonably request of you from time to time. Please note that all {Company Name} employees are subject to a three (3) month probationary period.

The terms of your employment will be as follows:

1. Salary ${Salary} per annum (${Salary} per month), paid semi-monthly by the fifteenth day and the last day of each month, less all required withholding taxes and any other amounts required by law to be deducted or agreed by you to be withheld. Payments will be made directly to your bank account pursuant to our direct payroll deposit plan.
2. Commencement Date {Commencement Date}
3. Benefits You will become eligible for full participation in the {Company Name} benefits plan, which consists of extended health, dental, vision, disability and life insurance, after the successful completion of the mandatory three (3) month probationary period.
4. Vacation You will be entitled to three (3) weeks (15 days) per annum of paid vacation to be taken at a time convenient to both you and {Company Name}. Vacation is accrued on a monthly basis (number of months X 1.25 days per month).
5. Stock Options As part of your compensation package we would like to offer you, based on Board of Director's approval, 0.7% of your base salary in options per year to be granted over a 3-year period. Therefore upon commencement of full-time employment with {Company Name} we extend to you {Number of Stock Options} stock options at a strike price set at close of business on your first day of employment. Options are granted on an annual basis, (anniversary date of employment) and will be based on your then salary at the then available strike price.
6. Expenses All reasonable expenses incurred to do business on behalf of {Company Name} will be reimbursed upon submitting an approved expense report.
7. Severance In the event that your employment with the Company is terminated for reasons other than cause or voluntary resignation, your severance entitlement will be calculated in accordance with the applicable employment legislation in force in the jurisdiction in which you work.
8. Company Policy You agree to abide by {Company Name} company set policies, as they may apply to you now, and as they may change in the future.
9. Other Employer You agree to not, without first having obtained the written consent of {Company Name}, perform any work or render any services to any third party or receive any compensation of any kind from any third party.
10. Intellectual Property You agree that {Company Name} acquires by virtue of the employment relationship all intellectual property rights to all writings, products, developments or services (the “Works”) that you make, conceive, discover or develop at any time while employed by {Company Name}, whether during working hours or at any other time, which relate to or are used or intended for use in connection with any business carried on by {Company Name}, and you hereby unequivocally assign to {Company Name} all rights, including all domestic and foreign patents and copyrights and any other proprietary rights which you have, in such Works.

You agree to make full disclosure to {Company Name} of all Works and to do all things that may be necessary to make {Company Name} the owner of such Works. You agree that you are not entitled to any payment in regard to the Works. You also agree to do whatever is necessary to enable {Company Name} to apply for and secure any copyright in Canada or elsewhere with respect to the Works.

You hereby waive any moral rights that you may have in the Works, or any part or parts thereof. {Company Name} shall be entitled to transfer its rights in the Works either separately or in connection with a transfer of the business.

You agree that in the event your employment is terminated by {Company Name} for any reason, you shall continue to cooperate at all times in the prosecution or defence of any lawsuit related to {Company Name}’s activities in connection with any copyright or patent in the Works.

Notwithstanding any other provision in this Paragraph 10, all inventions, if any, which you have made prior to your employment by {Company Name} are excluded from the scope of this Agreement. As a matter of record, you have set forth on Exhibit “A” attached hereto a complete list of all inventions, discoveries or improvements relating to {Company Name} business which have been made by you prior to your employment with {Company Name}. You represent and covenant that such list is complete.

If {Company Name} files an application for Letters Patent on any invention made by you, {Company Name} shall pay to you a cash award of $5,000.00 upon completion and registration of such application and the formal written assignment of your rights therein to {Company Name}, and any and all instruments and documents requested by {Company Name} relating to said invention.
11. Conditions of Offer This offer of Employment is conditional upon your agreement with and signing, where necessary of the following:
  1. The attached Confidentiality Agreement;
  2. The attached Summary of Company Policy Regarding Confidentiality and Securities Trades; and
  3. A positive result from the {Company Name} background security check.


This offer of employment is open for your acceptance until the end of the business day {Reply-by Date} . Please contact me at {HR officer's phone number} if you have any questions regarding this, as we look forward to your written acceptance of this offer.

Sincerely,
{HR officer's Name}
{HR Officer's Title}

I accept the terms and conditions as outlined in this offer letter.

Name:___________________             Date:_________________

EXHIBIT A


TO OFFER OF EMPLOYMENT

The following is a list of all inventions, discoveries or improvements relating to {Company Name}’s business which have been made by {Applicant Name} prior to his/her employment with {Company Name}.
Employee’s Initials
_________________
______None
______As listed below:

_________________________________________________
_________________________________________________
_________________________________________________
_________________________________________________
_________________________________________________

 

 


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Email : itrecruit@vsnl.com

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