Letter Employment Agreement-Exempt Employee Template

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[IMPORTANT: The information and materials contained herein should not be considered
or relied upon as legal advice on specific factual situations. Users are urged to consult
legal counsel concerning particular situations and specific legal questions.]
LETTER EMPLOYMENT AGREEMENT - EXEMPT EMPLOYEE
Dear _________:
It was a pleasure meeting with you and we look forward to your becoming [continuing to
be] a part of the Firm. As we discussed, the purpose of this letter is to set forth the
basic terms and conditions of your employment with the Firm. It is important that you
understand clearly what your benefits are and also what is expected of you at the Firm.
Salary: Your base salary is $_______ per month (payable $_______ gross salary
semi-monthly). Generally, your salary will be reviewed annually in [month], but the Firm
reserves the right to change your compensation from time to time on reasonable notice.
Duties: Your duties generally will be in the areas of _______, but you may be assigned
other duties as needed.
You will be required to use your specialized expertise,
independent judgment and discretion to perform in this area with a high degree of skill,
executing the Firm's objectives in this area as defined by management. Your duties
may change from time to time on reasonable notice, based on the needs of the Firm
and your skills, as determined by the Firm. You will be required to follow the policies
and procedures in the Firm's personnel policy manual, although these policies may be
amended, supplemented or revoked from time to time on reasonable notice.
Hours of Work: As an exempt salaried employee, there are no set hours for your
position. However, you generally are expected to observe our regular business hours,
which are currently _______ A.M. to ______ p.m., Monday through Friday. At times,
the needs of the business may require that you work overtime. It is essential that you
be available for overtime work.
Employee Benefits: You will be eligible for paid time off, holidays and other employee
benefits which are generally applicable to exempt employees. These benefits may
change from time to time, but you will receive those benefits applicable to exempt
employees unless we agree otherwise.
Trade Secret and Confidential Information: During the term of this Agreement, you
will have access to "Confidential Information", which includes, but is not limited to, (i)
financial and other sensitive information that the Firm receives from its customers, (ii)
confidential business, trade secret and financial information provided you by the Firm;
(iii) personnel information (including without limitation employee compensation); and (iv)
other confidential business information.

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