Thanks krishmunn, attached is the offer letter which I signed with B.
-------------------------------------------------------------------------------------------------------
It is my pleasure to extend this offer of employment to you effective mm/dd/yyy on behalf of Employer B (“the Company”).
Title: <Job Title> (refer to Appendix A for more details)
Salary: You will be compensated on the 15th and 31st of each month for the services provided during the previous month at an annual salary of $xxx which will be regarded as $y/hour during the prior month on semi-monthly basis. (Refer to Appendix B for further details). Compensation is subject to all applicable taxes and withholdings. You will also be eligible for bonus for amounts up to $x payable at such times determined by management in its sole direction.
Benefits: If requested, you will be provided with health insurance. The first $100 per month of the premium applicable to your coverage paid by you and the balance will be paid 100% by the company. If you elect to cover your spouse and/or your dependents you will be required to contribute 100% of the incremental cost of such coverage. Your contribution may increase in future policy years if the cost of insurance increases upon renewal. You will also be allowed a total of 11 days of paid time off (PTO) as follows
6days of National Holidays and 5 days of PTO. (Please see Appendix C for more benefits details.)
Confidentiality: As part of your employment, you will acquire or develop confidential and proprietary information concerning the Company and its dealings with its customers and employees and you also will develop relationships with special trusts and confidence with the Company’s customers and employees (collectively, "Confidential Matter"). You agree that such Confidential Matter is for the Company's exclusive benefit and that, both during your employment and at all times thereafter, you will not directly or indirectly use or disclose any Confidential Matter except for the sole benefit and with consent of the Company. Upon the conclusion of your employment, you will promptly return all documents and information (including computer generated or stored matters) concerning the Company or its customers and employees. You further agree that, all rates and fees are confidential and shall not be discussed with the client or middle company or with any third parties.
Non-Solicitation/Non-Competition/Non-Hire:
As part of our agreement during the term of your employment and for a period of five years from the effective date of termination of your employment and, notwithstanding the reason for termination, you will not directly or indirectly solicit, either voluntarily or involuntarily, enter into agreement with nor assign or refer personnel to any client of Employer B to whom you have been introduced by interview or placement by or through Employer B including middle companies and intermediary entities or persons who have been involved in securing your placement and you shall not directly/indirectly solicit and hire for yourself or others the direct personnel or resources of Employer B. This restriction is limited to the Client or Client Manager's group at which you have been engaged by virtue of this agreement.
Termination: The Company agrees to provide you with two weeks advance notice of termination (except no advance notice is required if the termination of your employment is for cause) and you agree to provide the Company with two weeks advance notice of termination of employment. The Company shall not be required to provide any such notice or to make any payments to you in lieu of notice or with respect to notice period if the termination of your employment is for cause or takes place at a time when you are not assigned to any project. You acknowledge that at least two weeks advance notice by you is reasonable and necessary under such circumstances due to substantial effort, time and expense the Company will be required to incur in employing and relocating you and in replacing your services by the Company.
Applicable Law: This Agreement shall be construed and determined under the laws applicable in the State of NJ.
This offer is in effect for five business days and is contingent upon your presenting evidence, such as a social security card. Please also understand that this is only a letter of offer and not a contract of employment.
If this offer is acceptable to you, please sign below and return it to us.
In closing, we would like to again thank you for interest in our company. We here at Employer B look forward to a long and mutually beneficial future together. If you have any further questions, please contact us by email or telephone.
We welcome you to Employer B!
|