Executive Offer Letter

Summary

This template is an executive offer letter that can be used by a company hiring an executive that does not intend to enter into a full-length employment agreement. This template contains practical guidance, drafting notes, and alternate and optional clauses. In addition to setting forth the basic terms of employment, this offer letter clarifies that the employment relationship is on an at-will basis and the period of employment is not for any specified term, unlike many formal employment agreements for executives. You can find precedents of executive employment offer letter agreements with Market Standards–Employment Agreements the searchable database from Practical Guidance of publicly filed executive employment agreements that enables users to search, compare, and analyze over 7,000 agreements, dated from 2017 to the present, using approximately 75 detailed deal points to filter search results. For more information on Market Standards–Employment Agreements coverage, click here. Following are Market Standards links to the results page for recently filed offer letter agreements and the information/agreement page for selected offer letters: • Results page for offer letter agreements filed with the SEC within the last 60 days • Baxter International, CEO (July 25, 2023) • MarketWise, CFO (July 6, 2023) • Veralto, CFO (June 1, 2023) For a full listing of key content covering executive employee agreement considerations, see Executive Employment Agreement Resource Kit. For long-form employment agreements, see Executive Employment Agreement (Pro-employer) and Executive Employment Agreement (Pro-executive). For guidance on drafting employment agreements, see Employment Agreements: Key Legal, Drafting, and Negotiation Issues (Pro-Employer) and Employment Agreements: Negotiating Tips (Pro-Employee). For additional related materials, see Executive Employment Agreement Resource Kit. To compare state and federal laws on restrictive covenants and terminations in employment agreements, see the Employee Benefits & Executive Compensation State Law Comparison Tool.