The letter also covers compensation details, including salary, bonuses, stock options, and other benefits, as well as any confidentiality agreements, non-compete clauses, and expectations regarding proprietary information. It outlines the COO’s entitlements in terms of vacation, sick leave, and other leave policies. The document may specify the duration of the contract, conditions for renewal, and grounds for termination.
Acceptance procedures are also included, with instructions for the electronic signature and return of the document by a specified deadline. This Letter of Offer is legally binding once signed by both parties and constitutes an integral part of the employment contract, setting the foundation for the COO’s contributions to the company’s success.
