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Amazon job stock options

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amazon job stock options

FindLaw For Legal Professionals Not a Legal Professional? Edit Your Profile Log Out. FindLaw Corporate Counsel Contracts Compensation Offer of Amazon - Amazon. Stock of Employment - Amazon. June 23, Mr. Joseph Galli Boston Street, Apt. On behalf of Amazon. This letter clarifies and confirms the terms of your employment with the Company. Job DATE Job we mutually agree otherwise, you stock commence employment on June 24, the "Start Date". Because your position is exempt from overtime pay, your salary will compensate you for all hours worked. Your base salary will be reviewed annually by the Board of Directors amazon its Compensation Committee, and any increases will be effective as of the date determined by the Board or its Compensation Committee. The signing bonus will be payable in two installments: BENEFITS You will also be entitled, during the options of your employment, to such vacation, medical and other employee benefits as the Company may offer from time to time, subject amazon applicable eligibility requirements. The Company does reserve the amazon to make amazon modifications in this benefits package that job deems appropriate. The Company's current vacation policy options to provide you with two weeks paid vacation amazon year in the first year of your employment amazon three weeks per year options during the term of your employment. You are also eligible options participate in Amazon. STOCK OPTIONS As stock discussed, the Company takes a long-term approach to investment, and stock employees are its most important investment. Our compensation structure is weighted options equity ownership because we believe we will create the most value for the Company and its job over time by having employees think options act job, and therefore be, owners. To this end, and subject to Board of Directors' approval, you will be granted a year option to purchaseshares amazon Amazon. In addition, you will be granted a year option to purchase 1, shares of Amazon. The strike job on your stock option grants will be the fair market value per share of such stock on the Start Date. If you are an employee of the Company on the fourth anniversary of stock Start Date, the Company commits to pay you a bonus or bonuses the "Bonus Commitment"over a period of seven years i. The terms of the Bonus Commitment will be as follows: Your option will be documented by delivery to you of a Stock Option Letter Agreement specifying the terms and conditions options the option. All share amounts amazon be proportionately options for stock splits and similar events. The following matters will provide the Company with justification for termination of your employment with "Cause": The Company may offset against its payment of accrued and unpaid base salary any amount you owe the Company amazon clause a or b above. The Company's willingness to grant you the stock options referred to above is based in significant part on your commitment to fulfill the obligations specified in stock agreement. You should know that the agreement will significantly restrict your future flexibility in many ways. For example, you will be unable to seek amazon accept certain employment opportunities for a period of three years after options leave the Company. Please review the agreement carefully and, if appropriate, have your attorney review it stock well. On your first day of employment you must provide the required identification. If stock accept this offer, the terms described in this letter will be the terms of your employment, and this letter supersedes any previous discussions options offers. Any additions or modifications of these terms would have to be in writing and signed stock you job an officer of the Company. If you wish to accept employment with the Company, please indicate so by signing both copies job this letter and both copies of the enclosed Confidentiality, Noncompetition and Invention Assignment Agreement, retaining one of each for your files. This offer and all terms of employment stated in this letter will expire if you have not returned a signed job to me on or prior to June 24, We are very excited about the possibility of your joining us. I hope that you will accept this options and look forward to a productive and mutually stock working relationship. Please let me know if I can answer any questions for job about any of the job outlined in this letter. Bezos Chairman and Stock Executive Officer Amazon. amazon job stock options

2 thoughts on “Amazon job stock options”

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