[Company Logo][Company Name]
- Ref. No.:
- [Reference Number]
- Date:
- [Date]
To,
[Candidate Name]
[Candidate Address]
Subject: Offer for the Role of [Designation] – [Team Name]
Dear [Candidate Name],
It was great speaking with you. We are happy to offer you the role of [Designation] in the [Team Name] team at [Company Name]. You will primarily work on [Product / Client Project] using [Tech Stack], reporting to [Reporting Manager]. Your work arrangement will be [Onsite / Hybrid / Remote] with base location [Work Location], and your proposed date of joining is [Date of Joining].
1. Compensation and Benefits
- Annual CTC: ₹[CTC], including fixed pay, employer PF contribution and gratuity.
- Performance bonus: up to ₹[Amount] per year, based on the bonus plan.
- ESOP: a proposed grant of [Number] options, subject to the company's ESOP plan, board approval and the vesting schedule in your grant letter.
- Equipment: a company laptop with licensed tools / a monthly device allowance of ₹[Amount].
- Health insurance for you and dependants as per policy.
2. Code, IP and Confidentiality
- All source code, documentation, designs, algorithms and inventions you create in the course of your employment, or using company resources, will be the exclusive property of the company, and you agree to sign any document needed to record this.
- You will list in Schedule A any personal projects or prior inventions you wish to exclude. New side projects or paid freelance work require prior written approval and must not compete with the company or use its code or time.
- Contributions to open-source projects using company code require approval from your manager, and the company's open-source licence rules must be followed.
- You shall keep client code, credentials, product roadmaps and customer data confidential, use only company-approved repositories and tools, and never copy code to personal accounts or devices.
3. Other Terms
This offer is subject to satisfactory background verification and submission of your relieving documents. Probation will be [Probation Period] months, and the notice period after confirmation will be [Notice Period]. Detailed terms will be set out in your appointment letter and IP agreement.
Schedule A – Prior Projects: [List project name and repository link, or write 'None']
Please confirm your acceptance by signing below before [Date].
Welcome to the team,
For
[Company Name][Authorised Signatory][Designation]Accepted by
[Candidate Name]Date:
[Date]