Job Offer Term Sheet
1. Position Details
Job Title:
Senior Software Engineer
Department:
Technology and Development
Reporting to:
Chief Technology Officer (CTO)
Location:
San Francisco, CA 94107
Start Date:
January 1, 2060
2. Compensation
Base Salary:
$200,000 per annum, payable in equal installments in accordance with [YOUR COMPANY NAME]'s standard payroll practices.
Bonus Eligibility:
You may be eligible for a performance-based bonus of up to 20% of your annual base salary, subject to company policy and performance reviews.
Equity Options:
You will be granted 10,000 stock options, vesting over a four-year period, with a one-year cliff.
3. Benefits
Health Insurance:
Comprehensive health insurance coverage, including medical, dental, and vision, with a 10% employee contribution.
Retirement Plan:
401(k) plan with matching contributions up to 6% of your salary.
Paid Time Off:
25 days of paid time off (PTO) annually, which includes vacation, sick leave, and personal days.
Other Benefits:
Additional benefits include life insurance, short-term and long-term disability insurance, wellness programs, and a gym membership.
4. Employment Terms
Employment Status:
Full-time
Probationary Period:
A probationary period of 3 months will apply. During this time, either party may terminate employment with 14 days’ notice.
Termination and Severance:
Employment may be terminated by either party with 30 days' notice. In the event of termination without cause, you will receive severance pay equivalent to 3 months of your base salary.
5. Confidentiality and Non-Compete
Confidentiality Agreement:
You will be required to sign a confidentiality agreement, which restricts the disclosure of [YOUR COMPANY NAME]’s confidential information during and after your employment.
Non-Compete Clause:
You agree not to engage in any business that competes with [YOUR COMPANY NAME] within a 50-mile radius of our San Francisco office for a period of 12 months following the termination of your employment.
6. Intellectual Property
Ownership of Work Product:
All work products developed during your employment will be considered the intellectual property of [YOUR COMPANY NAME].
7. Acceptance of Offer
Please sign and return this term sheet by December 15, 2059, indicating your acceptance of the offer and the terms outlined above. Upon acceptance, a formal employment contract will be provided.
Kevin Davids
Candidate
Date: January 2, 2060
Term Sheet Templates @ Template.net
