This communication can be interpreted as an employment

November 1, 2011

Justin Holloway

XYZ Company

1234 Archer Road

Gainesville, Fl 32607,

 

[Subject: Normally bold, summarizes the intention of the letter] -Optional-

Dear Justin Holloway,

Floyd Enterprises is happy to extend to you a chance for employment with our company. We believe that with your expertise and vast exposure in the field of customer service, you can bring highly favorable results to the company.

POSITION

On or before June 1, 2011, you will start employment with our company as a Customer Management Supervisor.Your direct superior will be Mr. Randy Miller,head of the Customer Management Team in the Westchester division.

COMPENSATION You will be getting a salary of $3,500 per month. Your pay will be given out on the 5th and 20th of each month. Since you are not from Westchester, we will also give you a one time relocation allowance of $5,000.

PERFORMANCE AND SALARY REVIEWS

On your first year with the company, you will undergo 3 performance reviews which will be done quarterly. On the twelfth month, a salary review will also be conducted. On the second and succeeding years, there will only be one performance and salary review each year.

STOCK OPTION GRANT

Floyd Enterprises will also give you the opportunity to purchase shares of stocks. The stock option grant is subject for approval by the Board of Directors. They will do the voting during their board meetings. VACATION AND BENEFITS

At Floyd Enterprises, you are entitled to medical benefits and paid time off. You can read about it in detail in the handbook. On top of that, once you have completed the probationary period, you can take part in the retirement plan of the company.

AT WILL EMPLOYMENT

Your job and corresponding entitlements at Floyd Enterprises are all “at will”. They can be subject for termination without prior notice. This letter does not necessarily translate to a final employment contract in the company. If ever the company decides on your termination after 3 months of work, you will get only what is due to you in that span of time. For other reasons of termination excluding for cause, you will be given compensation tantamount to a half-month basic pay.

ACCEPTANCE OF TERMS

This communication can be interpreted as an employment offer at Floyd enterprises. If you are agreeable to the terms, kindly affirm by signing on the space provided below. Aside from this letter, you also have to sign an Agreement of Confidentiality and an Agreement of Terms, Condition, and Policies of the company. This offer stands 10 days from the date indicated on the letterhead.

Sincerely,

Abijah 

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