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Executive Job Offer Letter
"I need an Executive Job Offer Letter for a new Chief Technology Officer position based in Toronto, with a start date of March 1, 2025, including standard non-compete terms and an annual salary of CAD 375,000 plus performance bonus."
1. Opening and Position Details: Company letterhead, date, executive's name and address, position title and reporting relationship
2. Start Date and Location: Proposed start date and primary work location, including any flexibility or remote work arrangements
3. Base Compensation: Annual base salary, payment frequency, and review provisions
4. Variable Compensation: Short-term incentives (bonus) and long-term incentives (equity/stock options) structure
5. Benefits and Perquisites: Overview of health benefits, insurance, vacation entitlement, and executive perks
6. Role and Responsibilities: Key duties, expectations, and scope of authority
7. Confidentiality and IP: Basic confidentiality obligations and intellectual property assignment
8. Termination Provisions: Notice periods and basic severance terms
9. Acceptance Terms: Instructions for accepting the offer and deadline for response
1. Relocation Package: Include when the executive needs to relocate, detailing moving allowance and assistance
2. Sign-on Bonus: Include when offering a one-time signing bonus, including amount and any clawback provisions
3. Work Permit/Visa: Include for international hires requiring immigration assistance
4. Non-Competition: Include detailed non-compete terms if required beyond reference to separate agreement
5. Board Position: Include if the executive will serve on the company's board of directors
6. Change of Control: Include provisions for executive protection in case of company sale/merger
1. Schedule A - Compensation Details: Detailed breakdown of all compensation elements including equity vesting schedules
2. Schedule B - Benefits Summary: Comprehensive list of benefits and perquisites including coverage details
3. Schedule C - Confidentiality Agreement: Detailed confidentiality and intellectual property terms
4. Schedule D - Restrictive Covenants: Non-competition and non-solicitation terms if not in separate agreement
5. Schedule E - Share Option Plan Summary: Overview of share option plan terms and conditions if applicable
Authors
Technology
Financial Services
Manufacturing
Healthcare
Retail
Energy
Mining
Professional Services
Telecommunications
Consumer Goods
Real Estate
Education
Transportation
Media and Entertainment
Human Resources
Legal
Executive Leadership
Board of Directors
Corporate Governance
Compensation Committee
Talent Acquisition
Finance
Corporate Secretary Office
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief Technology Officer
Chief Marketing Officer
Chief Human Resources Officer
Executive Vice President
Senior Vice President
Managing Director
General Manager
Country Manager
Regional President
Division President
Executive Director
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