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When hiring a Grunt for a company using a Grunt Fund care must be taken to set expectations about compensation. It’s important that they understand how a Grunt Fund works and that they are not entitled to cash compensation. Click below to download a sample offer letter for a company using a Grunt Fund.
This offer letter template is not a legal contract and I’m not trying to provide legal advice. Please consult a Slicing Pie-friendly attorney if you want legal guidance on legal issues realted to Slicing Pie.
The point of an offer letter is to set forth a basic understanding of employment. It’s just an offer. When you buy a house, you will offer the seller a price and other basic terms. This allows the seller to accept or reject the offer without having to read all the other plethora of contracts that accompany a home purchase. If you can’t agree on the basic spirit of the terms, there’s no point digging into details.
Job offers are the same thing. If you can agree on the basic terms, the next step is to go over the details.
This template is not a substitute for other corporate agreements. It is simply an offer of employment with basic terms. When the employee accepts the offer the next step would be to have them review and sign other agreements like the Operating Agreement, Stock-Purchase and Slicing Pie Vesting Agreements, Assignment of Rights, Non Disclosure and anything else your lawyer and accountant recommend.