Offer letter

Also called: offer letters, job offer, employment offer, written offer

A written job offer to the chosen candidate. It usually states the role, the start date, the pay, any stock options and, in the US, whether employment is at will. The candidate signs it to accept. Companies often pair it with an agreement that assigns the person's work to the company.

For example: After the final interview, a founder sends an offer letter with the salary, a stock option grant that the board still has to approve and a start date two weeks out.

Connects to 5

Equity vs cash compensation Concept
Stock options Concept
Contractor vs employee Concept
Intellectual property Concept
Job description Concept

This glossary is plain-language orientation, not legal or financial advice. Before you decide on a company structure, a contract, taxes or a fundraising deal, talk with a lawyer or an accountant.