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Executive Job Offer Letter

Executive Job Offer Letter Template for New Zealand

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Key Requirements PROMPT example:

Executive Job Offer Letter

"I need an Executive Job Offer Letter for a new Chief Technology Officer position in our Auckland-based software company, including equity compensation and international travel requirements, with the role to commence in March 2025."

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Document background
The Executive Job Offer Letter is a crucial document used when extending formal employment offers to senior-level candidates in New Zealand. It serves as the preliminary agreement between an organization and a prospective executive, typically preceding a more detailed employment agreement. This document must comply with New Zealand employment law, including the Employment Relations Act 2000, Companies Act 1993, and other relevant legislation. The letter typically includes essential information such as position details, compensation package, benefits, start date, reporting relationships, and any special conditions of employment. It's designed to be both welcoming and professional while clearly articulating the key terms of the executive position being offered.
Suggested Sections

1. Opening and Introduction: Company letterhead, date, recipient's name and address, and welcoming statement

2. Position Details: Job title, reporting relationship, and brief description of role and responsibilities

3. Start Date and Location: Proposed employment start date and primary work location

4. Compensation Package: Base salary, payment frequency, and method of payment

5. Benefits Overview: Standard benefits including health insurance, KiwiSaver, and other core benefits

6. Working Hours and Leave: Expected working hours, annual leave entitlement, and other leave provisions

7. Probationary Period: Details of any trial period or probationary terms

8. Notice Period: Required notice periods for termination by either party

9. Confidentiality: Basic confidentiality requirements and intellectual property provisions

10. Acceptance Instructions: How to accept the offer and by what deadline

11. Closing: Signature block and congratulatory closing statement

Optional Sections

1. Sign-on Bonus: Details of any one-time signing bonus, including amount, payment timing, and any clawback provisions

2. Equity Compensation: Information about stock options, restricted shares, or other equity-based compensation

3. Relocation Assistance: Details of relocation support if the candidate needs to relocate

4. Executive Benefits: Additional benefits specific to executive level such as car allowance, executive health checks

5. Performance Bonus: Details of any performance-based bonus or incentive schemes

6. Post-Employment Restrictions: Non-compete and non-solicitation clauses if required

7. International Travel: Expected international travel requirements and related compensation

8. Board Positions: Any board or director positions included with the role

Suggested Schedules

1. Schedule 1: Detailed Position Description: Comprehensive outline of role responsibilities, objectives, and key performance indicators

2. Schedule 2: Benefits Summary: Detailed breakdown of all benefits, including insurance coverage, retirement benefits, and other perks

3. Schedule 3: Executive Bonus Scheme: Full details of any performance-based compensation structure

4. Schedule 4: Company Policies: Key company policies that form part of the employment relationship

5. Appendix A: Equity Plan Summary: Summary of any share schemes or equity compensation plans

6. Appendix B: Relocation Policy: Detailed relocation assistance terms and conditions if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Position and Duties
Term of Employment
Remuneration
Variable Compensation
Benefits
Equity Participation
Hours of Work
Leave Entitlements
Probationary Period
Performance Reviews
Confidentiality
Intellectual Property
Conflicts of Interest
Non-Competition
Non-Solicitation
Termination
Notice Period
Garden Leave
Company Property
Expenses
Travel Requirements
Reporting Structure
Work Location
Code of Conduct
Compliance
Representation and Warranties
Governing Law
Entire Agreement
Health and Safety
Data Protection
Change of Control
Assignment
Severability
Good Faith
Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Retail

Professional Services

Energy

Telecommunications

Construction

Education

Mining and Resources

Agriculture

Transportation and Logistics

Media and Entertainment

Real Estate

Relevant Teams

Human Resources

Legal

Executive Leadership

Board of Directors

Corporate Services

Talent Acquisition

Compensation and Benefits

Corporate Governance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Chief Marketing Officer

Chief Human Resources Officer

Managing Director

Executive Director

Regional Director

Vice President

General Manager

Head of Department

Country Manager

Division President

Executive Vice President

Industries
Employment Relations Act 2000: Primary legislation governing employment relationships in New Zealand, covering good faith obligations, employment agreements, and dispute resolution processes
Holidays Act 2003: Specifies minimum entitlements for annual leave, public holidays, sick leave, and bereavement leave, which must be reflected in the employment agreement
Human Rights Act 1993: Ensures protection against discrimination in employment and promotes equal employment opportunities
Privacy Act 2020: Governs the collection, use, and storage of personal information in employment relationships
Health and Safety at Work Act 2015: Outlines obligations for workplace safety and health, particularly relevant for executive duties and responsibilities
Companies Act 1993: Relevant for executive duties and responsibilities if the position includes directorship or officer duties
Fair Trading Act 1986: Ensures fairness in contractual dealings and prevents misleading conduct in employment negotiations
Financial Markets Conduct Act 2013: Relevant for executive compensation packages involving shares or other securities
KiwiSaver Act 2006: Covers employer obligations regarding retirement savings schemes and contributions
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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