Letter of Intent Sample for Manager Position

LETTER OF INTENT (LOI): MANAGEMENT APPOINTMENT

LEGAL DISCLAIMER

NOTICE: This document is a non-binding expression of intent, except where expressly noted regarding confidentiality, non-solicitation, and governing law. This document does not constitute a formal employment contract or an offer of employment. It serves as a memorandum of understanding (MOU) to define preliminary terms prior to the execution of a definitive Employment Agreement.

1. PARTIES

• Company: [Company Full Legal Name], a corporation organized under the laws of [Jurisdiction], having its principal place of business at [Company Address] ("Company").
• Candidate: [Candidate Full Legal Name], residing at [Candidate Address] ("Candidate").

2. INTENDED ROLE & RESPONSIBILITIES

• Position Title: [Job Title]
• Reporting Line: Reports directly to [Name/Title of Supervisor].
• Scope: The Candidate shall lead the [Department/Division Name] and assume primary responsibility for [Key Functional Area 1], [Key Functional Area 2], and [Key Functional Area 3].

3. PRELIMINARY COMPENSATION TERMS

• Base Salary: An annual gross salary of [Currency/Amount], payable in accordance with the Company’s standard payroll cycle.
• Variable Compensation: Eligibility for a performance-based bonus of up to [Percentage/Amount], subject to the achievement of KPIs defined in the formal Employment Agreement.
• Equity/Incentives: [Define stock options, units, or deferred compensation, if applicable, or mark "N/A"].

4. OPERATIVE TERMS

1. Confidentiality: Candidate agrees that all information exchanged during negotiations, including proprietary business strategies, financial data, and trade secrets, shall remain strictly confidential.
2. Due Diligence: This LOI is subject to satisfactory completion of background checks, reference verifications, and credit checks as required by the Company’s hiring policy.
3. Exclusivity: Both parties agree to negotiate in good faith for a period of [Number] days from the Effective Date to reach a definitive Employment Agreement.
4. Governing Law: This LOI shall be governed by and construed in accordance with the laws of [Jurisdiction].

5. SIGNATURES & ACKNOWLEDGMENT

By signing below, the parties confirm their interest in proceeding toward a formal employment arrangement based on the terms outlined herein.

FOR THE COMPANY: Signature: __________________________ Name: [Authorized Signatory Name] Title: [Title] Date: [Date]

FOR THE CANDIDATE: Signature: __________________________ Name: [Candidate Full Legal Name] Date: [Date]

STEP-BY-STEP EXECUTION GUIDE

1. Customization: Fill all bracketed placeholders with specific, verifiable data. Ensure the "Scope" section in Clause 2 aligns with the formal job description to avoid future litigation regarding role expectations.
2. Review: Have the document reviewed by local HR/Legal counsel to ensure compliance with regional labor laws (e.g., At-Will vs. Contractual status requirements).
3. Execution: Ensure both parties sign in full. A scanned PDF copy of the signed document serves as an admissible record of good-faith intent.
4. Transition: Use this document as the primary reference material when drafting the final Employment Agreement to ensure continuity of the negotiated compensation and responsibility structures.