An employment agreement is a comprehensive contract governing an employment relationship between company and employee, used primarily for executives and international employees. It covers compensation, equity, severance, restrictive covenants, indemnification, and other material terms in greater detail than the simpler offer letter used for most US employees at-will. The document covers role and responsibilities, base salary and equity grants, term and termination triggers, severance entitlements, restrictive covenants (non-compete, non-solicit, confidentiality, IP assignment), indemnification, and dispute resolution. Offer letter and employment agreement serve similar purposes but at different complexity levels.
The st...