StartupBUSINESS.COM

[Date]

[Name of Prospective Employee]

[Address]

[City, State, Zip]

Re:         Employment Offer

Dear [Name of Prospective Employee]:

We are pleased to make you this offer for a [full time or part time] position as [title] for [Company]. The terms of our offer are as follows:

1.             Your employment will begin on [Date], or as otherwise agreed to. You will report to [Name of Supervisor]. Your initial assignments will be to [Specify assignments or refer to job description in Exhibit A].  Additional assignments and milestones will be established quarterly in cooperation with your supervisor.  You will be expected to work a minimum of 40 hours per week on projects assigned to you by [Company]. You will remain an employee for so long as [Company], in its sole discretion, chooses to employ you, and you wish to remain employed.

2.             You will be paid an [hourly rate or annual salary] of $[hourly rate or salary amount] for the period beginning on your employment start date as provided above. Payroll is normally paid on the 5th and 20th of each month. In addition to your base salary, you may earn a bonus of [$bonus amount] per quarter for accomplishing the assignments and milestones established by your supervisor.

3.             The Company adopted an Incentive Stock Option and Non-Qualified Stock Option Plan and will recommend to the Board of Directors that you be granted a stock option of [X] shares at an exercise price of [X$ per share]. The shares will vest over a [X] year period in accordance with the terms of the Stock Option Agreement. This stock option grant is subject to approval by the Board of Directors and is not effective until so approved. You may also be eligible for additional grants under the Incentive Stock Option and Non-Qualified Stock Option Plan during your employment at the discretion of the Board of Directors. To be eligible for the options approved by the Board, you will be required to execute the Employee Stock Option Agreement attached to this letter.

4.             You will be eligible for [Company]’s employee benefits plan. I have attached a summary of these benefits and comprehensive information on the medical plan. In addition to health insurance, you will be entitled to [X] weeks paid vacation, with vacation accruing as provided in the Employee Manual.

5.             You will be required to execute the Employee Intellectual Property Agreement attached to this letter. If you have any questions concerning this letter or the attached Agreements, we recommend you consult legal counsel of your choice.

6.             The employment terms and policies outlined above are subject to change at the discretion of [Company] and its Board of Directors. We would appreciate receiving your acceptance or rejection of this offer as soon as possible. We will hold this offer open until [Date]. Further information on the terms and conditions of employment and the policies of the company are set forth in the [Company] Employee Handbook that will be provided to you. It is your responsibility to comply with the policies matters contained in the Employee Handbook. In the event you have any questions regarding the content of this letter, the Agreements mentioned or the Employee Handbook, please bring them to the attention of your supervisor or [Name of designated HR, Legal or Management Staff Member] promptly.

[Name of Prospective Employee], we hope that you will accept this offer and look forward to a long and productive relationship with you. Please indicate your acceptance of the terms of this offer by signing and dating in the spaces provided below and returning the original letter to us. The copy of this letter is for your records.

Very truly yours,

[Company], Inc.

[Name of CEO or Hiring Manager]

[Title]

Terms of Offer Accepted:

By: _______________________                             Date ______________________

[Signature of Prospective Employee]