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Offer Letter

Link to File

John Smith

[email protected]

March 20, 2019


I am pleased to offer you the position of POSITION-TITLE with our company FullStack Labs LLC (the “Company”). Please find the details of the offer below:

Title

React Native Developer

Location

Remote

Start Date

04-02-2019

Pay Type

Salaried

Salary

$153,600 annually

Pay Frequency

Semi-monthly

Overtime

FullStack often offers, but rarely requires overtime work. When you work overtime, you will be paid the bonus hourly rate listed below. Developers that choose to work overtime can significantly increase their total annual earnings.

Bonus Hourly Rate

$80.00

Bonus Calculation: $$ an hour, for any hours in excess of the number of business days in a month multiplied by 8.

For Example

A 21 business day month would have 168 regular hours (168 = 21 x 8) that will be required before bonus overtime pay will kick in.

For a month with 20 business days, 160 regular hours (160 = 20 x 8) will be required before bonus overtime pay will kick in.

PTO, sick leave, and federal holidays will count towards the bonus calculation.

For Example

If you take a week off for vacation, the 40 hours of PTO will count towards the regular hours requirement for the month.

Estimated earnings with bonus pay:

40 hours per week:$3,200

42 hours per week:$3,360

45 hours per week:$3,600

50 hours per week:$4,000

Bonus overtime pay will be paid once per month, on the first payroll of the month.

Paid Time Off (PTO)

PTO

Year 1:12 days of PTO

Year 2:14 days of PTO

Year 3:16 days of PTO

Year 5+:19 days of PTO

Holidays

6 paid federal holidays

Sick Leave

5 days paid sick leave

Health Care

FullStack Labs offers options for medical, dental, and vision insurance.

Medical

Blue Shield:

Bronze PPO

Silver PPO

Gold PPO

Dental

DeltaCare:

Gold HMO

Delta Dental:

Gold PPO

Platinum PPO

Vision

VSP:

Silver

Gold

Platinum

FullStack Labs will contribute $350 per month towards medical coverage and $50 per month towards dental and vision coverage for the employee.

FullStack Labs will contribute $50 per month for each dependant on the employee’s plan.

HealthCare insurance will be available the first of the month following hire.

For Example

Say your start date is January 15th, then benefits would be effective February 1st.

401k

100% match on the first 3% of deferred compensation plus a 50% match on deferrals between 3% and 5%, for a total maximum match of 4%.

Employees are eligible to participate after 12 months of service.

Summary

You will report to ANNIE FILICE at FullStack.

You should note that the Company may modify job titles, hourly rates, and benefits from time to time as it deems necessary.

The Company is excited to have you join our team and we look forward to a beneficial and productive relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least two weeks notice.

The Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any. By signing this offer, you hereby authorize the Company to conduct a background investigation and / or reference check.

For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated.

We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company's understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information.

As a Company employee, you will be expected to abide by the Company's rules, policies, and procedures as outlined in the employee handbook and other documents. Specifically, you will be required to sign an acknowledgment that you have read and that you understand the Company's rules of conduct which are included in the Company Handbook which the Company will provide to you. The Company reserves the right to change the contents of the Company Handbook at any time.

As a condition of your employment, you are also required to sign and comply with a Confidential Information Invention Assignment Agreement (the “Agreement”) that requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and non disclosure of Company proprietary information and / or the confidential proprietary information of our clients. You will also be required to sign a binding arbitration agreement, and agree that (I) any and all disputes between you and the Company shall be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) you may only bring claims in your individual capacity, and not as a representative of other persons or any class. Please note that we must receive your signed Agreement before your first day of employment.

Notwithstanding the foregoing, this offer is contingent upon a background check clearance, reference check and satisfactory proof of your right to work in the USA, as required by law.

To accept the Company's offer, please sign and date this letter in the space provided below.

This letter, along with any agreements relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral.

This letter, including, but not limited to, its at will employment provision, may not be modified or amended except by a written agreement signed by the Chief Executive Officer of the Company and you. This offer of employment will terminate if it is not accepted within five business days.

We look forward to working with you.

Very truly yours,

FullStack Labs

David Jackson

By: David Jackson
Title: CEO
Date: 03-20-2019

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