Employment Term Sheet
Employment Term Sheet
I. Employee Details
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Employee Name: [Employee's Name]
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Employee Position: Senior Software Engineer
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Employee Start Date: [Date]
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Employment Type: Full-time
II. Job Description and Responsibilities
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Designing and developing scalable software solutions: Create software able to handle increased user loads without performance issues. Includes architecture design, code optimization, and ensuring scalability across platforms.
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Collaborating with cross-functional teams: Work closely with teams from various disciplines to gather project requirements, discuss strategies, and align with project goals.
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Participating in code reviews and providing guidance: Review code for bugs, maintain coding standards, and mentor junior team members in best practices and problem-solving.
III. Compensation and Benefits
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Base Salary: $90,000 per year
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Bonus Structure: Performance-based bonuses up to 10% of base salary
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Benefits:
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Health insurance coverage (medical, dental, vision)
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401(k) retirement plan with company match
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15 days of paid time off per year, plus company holidays
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IV. Terms of Employment
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Employment Duration: Permanent
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Working Hours: 40 hours per week, Monday to Friday
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Location: On-site at [Your Company Name] headquarters
V. Termination and Notice Period
The termination clause requires a 30-day notice from either party for contract termination, ensuring a smooth transition. Both employer and employee must give this notice, allowing time to wrap up tasks and manage responsibilities.
VI. Confidentiality and Non-Disclosure
The employee agrees to uphold and maintain the confidentiality of all relevant information about:
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Company proprietary software and algorithms: The employee must keep company software, algorithms, and innovations confidential, including source code and unique methodologies.
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Client project details and sensitive data: The employee agrees to keep client project details, communications, and sensitive data confidential to maintain client trust and data security.
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Internal processes and business strategies: The employee must keep internal processes, business strategies, financial data, and proprietary methods confidential to protect the company's competitive advantage.
VII. Non-Compete and Non-Solicitation
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Non-Compete Clause: The employee agrees and commits to not partake in any software development activities for any competing businesses for one year following the termination of their employment.
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Non-Solicitation Clause: The employee hereby agrees and commits not to engage in any solicitation of clients or attempt to recruit employees from [Your Company Name] for two years following the termination of their employment.
VIII. Miscellaneous
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Governing Law: This agreement is governed by the laws of the State of [Your State], United States.
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Entire Agreement: This term sheet, when taken together with the accompanying offer letter and the employee handbook that is attached, forms the complete and exclusive agreement between the parties involved.
IX. Signatures
Both parties acknowledge acceptance of the terms herein:
[Employer Name]
[Date]
[Employee Name]
[Date]
