Letter Employment Agreement: Definition, Terms, Example
Jump to Section
Quick Facts — Letter Employment Agreement Lawyers
- Avg cost to draft an Employment Contract: $760.00
- Avg cost to review an Employment Contract: $450.00
- Lawyers available: 403 employment lawyers
- Clients helped: 1548 recent letter employment agreement projects
- Avg lawyer rating: 4.95 (323 reviews)
What is a Letter Employment Agreement?
A letter employment agreement is a document used by companies to offer a position of employment to a candidate at the company. This is sometimes called an offer letter or an employment agreement letter.
After a candidate has been through an interview process and before they have accepted a position, they will typically receive a letter employment agreement that outlines the terms and conditions of their employment. Letter employment agreements can dictate terms around relocation, proposed compensation, bonuses, and how one may be terminated.
Common Sections in Letter Employment Agreements
Below is a list of common sections included in Letter Employment Agreements. These sections are linked to the below sample agreement for you to explore.
Letter Employment Agreement Sample
Exhibit 10.10
December 14, 2009
Ms. Linda Tiano
[Address]
| Re: | Terms of Employment Assignment |
Dear Linda:
I am writing to confirm our recent discussions regarding changes to the terms and conditions of your employment with Health Net, Inc. (the “Company”) in connection with your change of position to the position of President, Regional Health Plans, Health Net of the Northeast, Inc. (“HNNE”), in connection with the transition of our HNNE commercial membership to UnitedHealth Group Inc., pursuant to that certain stock purchase agreement dated July 20, 2009 (the “Stock Purchase Agreement”), on the terms and conditions set forth in this letter. If you agree with these terms and conditions, please sign and return the enclosed copy to me.
As you know, under your Amended and Restated Employment Agreement between the Company and you, dated as of December 3, 2008 (the “Employment Agreement”), the Company reserves the right to make personnel decisions regarding your employment, including, but not limited to, decisions regarding any promotion, salary adjustment, transfer or disciplinary action, up to and including termination, consistent with the needs of the business of the Company. The Company also reserves the right to make such other changes to the terms and conditions of your employment in its discretion as set forth in the Employment Agreement.
Pursuant to the Employment Agreement, the following terms and conditions will apply during the Term of Assignment (as defined below), including, under certain circumstances a reduction in the amount of severance pay otherwise payable under the Employment Agreement, notwithstanding any provisions of the Employment Agreement to the contrary:
| 1. | TITLE: You will serve as President, Regional Health Plans, HNNE. |
| 2. | REPORTING RELATIONSHIP: You will report directly to Jim Woys, Executive Vice President and Chief Operating Officer. |
| 3. | RESPONSIBILITY: You will be primarily responsible for executive leadership and oversight to ensure a successful transition of the Health Net of the Northeast commercial membership to UnitedHealth Group Inc., pursuant to the Stock Purchase Agreement, including the attainment of the performance requirements set forth in the transition services agreement under the Stock Purchase Agreement. |
| 4. | WORK LOCATION: You will work at HNNE’s principal office located in Shelton, CT, except for reasonable business travel to such other locations as may be necessary to fulfill your responsibilities. |
| 5. | TERM OF ASSIGNMENT: It is expected that the term of your employment assignment as set forth herein will commence on December 14, 2009 (the “Commencement Date”) and continue through March 31, 2012, as may be adjusted by the Company (the “Term of Assignment”). |
| 6. | SALARY: Your Base Salary (as defined in the Employment Agreement) of $500,000 will remain unchanged; provided, however, that you will not be eligible for an annual merit review relating to your base salary. |
| 7. | INCENTIVE BONUS: Your bonus target of 70% of annual base salary will remain unchanged. You will remain eligible to participate in the Company’s Executive Incentive Plan; provided, however, that your performance goals will be adjusted to reflect your employment with HNNE during the Term of Assignment. |
| 8. | EQUITY GRANTS: You will not be eligible to receive any equity grants. |
| 9. | TERMINATION WITHOUT CAUSE NOT FOLLOWING CHANGE IN CONTROL: In lieu of the 24 months of severance pay set forth in clause (i) of the first paragraph of Section 10.A of the Employment Agreement: |
| • | If the Company terminates your employment without Cause due to unsatisfactory performance prior to the successful completion of your employment assignment as set forth herein, as determined by Jay Gellert, President and Chief Executive Officer, and James Woys, Executive Vice President and Chief Operating Officer, you will be entitled to receive a lump-sum cash payment equal to (i) 12 months (if the date of your termination occurs on or prior to the 12-month anniversary of the Commencement Date) or (ii) 24 months (if the date of your termination occurs after the 12-month anniversary of the Commencement Date) of your Base Salary as in effect immediately prior to the date of your termination; or |
| • | If the Company terminates your employment without Cause upon the successful completion of your employment assignment as set forth herein, as determined by Jay Gellert, President and Chief Executive Officer, and James Woys, Executive Vice President and Chief Operating Officer, you will be entitled to receive a lump-sum cash payment equal to 24 months of your Base Salary as in effect immediately prior to the date of your termination. |
| 10. | TERMINATION WITHOUT CAUSE OR FOR GOOD REASON FOLLOWING CHANGE IN CONTROL: In lieu of the 36 months of severance pay set forth in clause (i) of the first paragraph of Section 10.B of the Employment Agreement, you will be eligible to receive a lump-sum cash payment equal to 24 months of your Base Salary in effect immediately prior to the date of your qualifying termination. |
| 11. | RELOCATION: You will not be eligible for relocation assistance under the Company’s relocation policy; provided, however, that the Company will reimburse you for any fees and expenses actually incurred in connection with (i) the early termination of your California apartment lease agreement subject to a maximum of $20,000, and (ii) any car transportation or shipment relating to your relocation subject to a maximum of $2,000, upon your submission of proper documentation in accordance with the Company’s expense reimbursement policies. |
| 12. | You acknowledge and agree that the terms of your employment assignment as set forth herein shall not constitute “Good Reason” (as defined in the Employment Agreement). |
| 13. | The terms set forth herein are in furtherance of the Employment Agreement and shall supersede and replace all prior representations, warranties, agreements and understandings, both written and oral, made by the Company or you with respect to the subject matter covered hereby. |
| 14. | During the Term of Assignment, the Employment Agreement shall remain in full force and effect in accordance with the terms and conditions thereof; provided, however, that to the extent there is any conflict or inconsistency between this Agreement and the Employment Agreement, the terms of this Agreement shall govern. |
If this letter meets with your approval, please sign, date and return a copy to me.
Sincerely,
Health Net, Inc.
| By: | /s/ Karin D. Mayhew | |
| Name: |
Karin D. Mayhew | |
| Title: |
SVP - OE |
Accepted and Agreed,
this 14th day of December, 2009.
| By: | /s/ Linda Tiano | |
| Linda Tiano | ||
Reference:
Security Exchange Commission - Edgar Database, EX-10.10 5 dex1010.htm EMPLOYMENT LETTER AGREEMENT, Viewed October 13, 2021, View Source on SEC.
Who Helps With Letter Employment Agreements?
Lawyers with backgrounds working on letter employment agreements work with clients to help. Do you need help with a letter employment agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate letter employment agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
See Real Employment Contract Projects
North Carolina Employment Contract Review Review
- North Carolina
- 3 lawyer bids
- $450 - $1,000
Maryland Existing Employee asked to sign NDA, IP assignment and non-disparagement agreement Review
- Maryland
- 2 lawyer bids
- $1 - $350
Illinois Employment contract review and negotiation Drafting
- Illinois
- 4 lawyer bids
- $600 - $750
See all Employment Contract projects
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Need help with a Letter Employment Agreement?
Meet some of our Letter Employment Agreement Lawyers
Angela Y.
NJ and NY corporate contract lawyer and founder of a firm specializing in helping entrepreneurs. With a background in law firms, technology, and world class corporate departments, I've handled contracts and negotiations for everything from commercial leases and one-off sales agreements, to multi-million dollar asset sales. I love taking a customer-focused and business-minded approach to helping my clients achieve their goals. Other information: learning to surf, lover of travel, and one-time marathoner (NYC 2018) yulawlegal.com
"Angela is simply phenomenal. Nothing else to say; if she bids on your project, hire her!"
Nichelle W.
Nichelle W.
I help business owners, founders, employers, athletes, creators and families get contracts and legal documents done right the first time, at a flat fee agreed before any work starts. I am licensed in Florida (2021) and Washington, D.C. (2022). I practice as a business and contracts attorney and outside general counsel with Amethyst Law Group, and previously served as Florida Managing Attorney at Lento Law Group. Before that I sat on the business side of the table as General Manager and General Counsel of a professional basketball organization and as Deputy Commissioner of a start-up sports league, so I have negotiated, drafted and enforced the same agreements I now prepare and review for clients: sponsorship and vendor deals, player, coaching and staff contracts, employment and independent contractor agreements, licensing and brand deals. What I handle on ContractsCounsel: - Contract drafting, review and redlining: service agreements, MSAs, NDAs, vendor and supplier agreements, sponsorship, licensing, endorsement and brand deals - Business formation and governance: LLCs and corporations, operating agreements, bylaws, partnership and shareholder agreements, founder and equity arrangements - Employment and hiring: offer letters, employment agreements, independent contractor agreements, non-compete and confidentiality agreements, separation and severance agreements, handbooks and policies - Sports, entertainment and creator agreements: athlete representation, NIL, sponsorship, appearance, management and agency agreements (licensed FIBA agent) - Real estate: purchase and sale agreements, residential and commercial leases, contract review before you sign - Wills, trusts, powers of attorney and estate planning documents - Demand letters, cease and desist letters and pre-dispute contract enforcement - Ongoing outside general counsel support for small and growing businesses How I work: Every project starts with a fixed price and a delivery date you can plan around. You receive a plain-English summary of what the document does, what I changed and why, and any risks you should know about, not just a marked-up file. Two rounds of revisions are included so the final draft is exactly what you need, and I respond to messages the same business day. Credentials: J.D., Nova Southeastern University Shepard Broad College of Law, summa cum laude, top 5% of class, Senior Editor of the Southern Journal of Policy and Justice, Dean's Certificate of Professionalism, 300+ pro bono hours; M.S. Forensic Psychology (4.0 GPA); M.S.Ed. Sports Administration, University of Miami; B.A. English Language and Literature, Southern New Hampshire University. Recognized as an Elite Lawyer recipient. Malpractice insurance carried. Litigation background: first-chair trial attorney with experience in business, employment, real estate, consumer protection and family matters. I draft every contract with a clear view of how it will hold up if it is ever tested.
"I had a great experience working with Nichelle! She was knowledgeable, clear, helpful and flexible throughout the process. She was able to work with my timeline and explain legal issues in an easily understandable way. I would recommend her services."
O.T. W.
Hi, my name is O.T. and I own The Walker Collective, a law firm that caters to the contractual, intellectual property, and business formation needs of creative entrepreneurs and small business owners. I am licensed to practice in Maryland and New York.
"O.T was very personable, knowledgable, and resourceful. Would definitely use her again!"
Lorraine C.
Coats Business Consulting provides a la carte commercial and legal advisory services for private clients, specializing in Start-Ups and small to medium-sized businesses. Services offered include: Start-Up Consulting (Strategic Planning, Investor Pitch Decks, Commercial Filings, Business Organization) Corporate Document Production (Operating Agreements, Shareholder Agreements, Human Resources, including Employment and Independent Contractor Agreements) Contract Interpretation (Drafting, Review, and Negotiation) Corporate Compliance (Federal and State Regulations) Management Consulting (Goal Setting, Revenue Generation, Operations and Process Consulting, Personnel Hiring, and Evaluation) Commercial Real Estate Transactions (Purchase and Sales Agreements, Leases)
"Lorraine was AMAZING! I was intimidated having to update my business agreement document, but Lorraine made the entire process super easy and was extremely knowledgable in everything I needed help with. Definitely recommend hiring her!"
Steven S.
Steven Stark has more than 35 years of experience in business and commercial law representing start-ups as well as large and small companies spanning a wide variety of industries. Steven has provided winning strategies, valuable advice, and highly effective counsel on legal issues in the areas of Business Entity Formation and Organization, Drafting Key Business Contracts, Trademark and Copyright Registration, Independent Contractor Relationships, and Website Compliance, including Terms and Privacy Policies. Steven has also served as General Counsel for companies providing software development, financial services, digital marketing, and eCommerce platforms. Steven’s tactical business and client focused approach to drafting contracts, polices and corporate documents results in favorable outcomes at a fraction of the typical legal cost to his clients. Steven received his Juris Doctor degree at New York Law School and his Bachelor of Business Administration degree at Hofstra University.
"Completed my privacy policy and TOS in record time and was clear and communicative the entire way through. Will definitely be using Steven again for all my legal needs!"
April 2, 2024
William B.
Presently, I am a civil rights and insurance litigation attorney with a focus on representation government entities. Prior to this, I’ve represented some of the largest financial institutions in the world in litigation.
September 17, 2023
James H.
Attorney James is an experienced Attorney, Federal Law & Tax Specialist, Corporate Counsel, Tax Lawyer and Mediator. Experienced in Contract Drafting, Corporate Formation, Corporate Governance, Federal Administrative Law, Regulatory Compliance, Tax Settlement, Tax Planning, Merger/Acquisition, Business Law, Collection, Insurance Claims, Employment Law, Immigration, Non-Profit Governance Attorney: US District Court of the District of Columbia, Washington DC Federal Bar #DE0003 US Bankruptcy Court of The District of Columbia, Washington DC Federal Bar #DE0003 Tax Advisor: IRS Registered Tax lawyer/PTIN, PTIN (over 10 years experience) US Federal Agencies, Boards and Commissions, Federal Administrative Law and Regulatory Compliance Business law services: Administrative Law, Business Law, Collections, Bankruptcy, Corporate, Employment, Regulatory Compliance, Corporate Counsel, Immigration
Find the best lawyer for your project
Browse Lawyers NowLawyer Reviews for Letter Employment Agreement Projects
Employment Contract/Subscription Agreement Review
"Allen was great to work with! He was very responsive, thorough, and made sure I was satisfied with his work. His insight was invaluable to have before entering into an employment/investment contract with my employer. I would definitely work with him again for any needs in the future!"
Reply From Allen L.
Thank you for the kind words — getting clear insight before signing an employment and investment contract is exactly where this kind of review pays off most. I'm glad it was useful, and I'd be happy to help again. -Allen
View MoreEmployment Contract Review
"Great quality of work and fast turn around"
Employment Contract Review/Non-complete/Healthcare
"Gil was very responsive, quick turnaround and answered all of my questions."
New Job Contract Review-Need Completed by Monday Morning
"I cannot recommend Dolan highly enough. My potential employer gave me an extremely tight deadline to have my employment contract reviewed, so I sent him a 17-page employment agreement on a Saturday afternoon. Despite the complexity of the contract and the short timeframe, he completed a thorough, detailed review and had it back to me by Sunday morning. I was incredibly impressed by both the quality of his work and his turnaround time. His proposed revisions were thoughtful, well-written, and clearly addressed key areas of the agreement. He also included detailed notes explaining each recommendation, what it meant, and why it was important. He responded to my messages quickly, walked me through the entire process, and made sure I understood the contract and its implications. You can tell he truly cares about his clients and wants them to make informed decisions. I would absolutely hire Dolan again and highly recommend him to anyone looking for an attorney."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewNeed help with a Letter Employment Agreement?
Employment lawyers by top cities
- Austin Employment Lawyers
- Boston Employment Lawyers
- Chicago Employment Lawyers
- Dallas Employment Lawyers
- Denver Employment Lawyers
- Houston Employment Lawyers
- Los Angeles Employment Lawyers
- New York Employment Lawyers
- Phoenix Employment Lawyers
- San Diego Employment Lawyers
- Tampa Employment Lawyers
Letter Employment Agreement lawyers by city
- Austin Letter Employment Agreement Lawyers
- Boston Letter Employment Agreement Lawyers
- Chicago Letter Employment Agreement Lawyers
- Dallas Letter Employment Agreement Lawyers
- Denver Letter Employment Agreement Lawyers
- Houston Letter Employment Agreement Lawyers
- Los Angeles Letter Employment Agreement Lawyers
- New York Letter Employment Agreement Lawyers
- Phoenix Letter Employment Agreement Lawyers
- San Diego Letter Employment Agreement Lawyers
- Tampa Letter Employment Agreement Lawyers
ContractsCounsel User
Employment Contract from Michigan
Location: Michigan
Turnaround: Less than a week
Service: Contract Review
Doc Type: Employment Contract
Page Count: 3
Number of Bids: 3
Bid Range: $450 - $850
ContractsCounsel User