047

FORM 47.

Sample Contract by Letter with Employer

Your Name Address Telephone Number Date Name of Corporate Officer Title Name of Employer Address Dear (Name): Per our discussion, it is agreed that I shall be employed by (specify employer) as a (specify job title) for an initial term of (specify, such as one year), beginning on (specify date). As compensation for services, I will receive a salary of (specify $) per year payable in equal biweekly installments on the first and fifteenth day of each month during the employment term. In addition to my base salary, I will receive an annual bonus of (specify $) payable in equal quarterly installments and the company will promptly reimburse me for all reasonable business expenses on presentation of appropriate vouchers and records. This bonus will be given as compensation for additional services to be rendered. Upon termination of this agreement for any reason, I shall be entitled to receive my bonus and salary for the remaining period of the quarter in which my separation occurs. If any of the terms in this letter are not correct, please advise me immediately in writing. Otherwise, this letter shall set forth and accurately reflect our understanding of this matter. I look forward to working for (specify employer). Sincerely, Your Name --Send certified mail, return receipt requested. --Author's Note: Send a similar letter whenever you reach an agreement with anyone concerning any matter. If the letter is clearly drafted, sent certified mail, return receipt requested, and you do not receive a response, this will help turn an oral handshake into a written contract! Be sure to save a copy of the letter and the proof of receipt as evidence.