An Employment Term Sheet is commonly used in England and Wales during the hiring process to document and align on key employment terms before preparing a full employment contract. It typically follows successful job interviews and salary negotiations, providing a clear summary of the agreed terms. The document includes essential information such as job title, compensation, benefits, working hours, and start date. While more concise than a full employment contract, the Employment Term Sheet must still comply with UK employment legislation and often serves as a reference point for preparing the final employment agreement.
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1. Basic Information: Employee and employer details, job title, employment status
2. Start Date and Duration: Commencement date, term of employment, probationary period
3. Compensation: Base salary, benefits, bonus structure
4. Working Hours and Location: Standard working hours, place of work, flexibility arrangements
5. Holiday Entitlement: Annual leave allocation and terms
1. Equity Compensation: Share options or other equity arrangements, used for senior roles
2. International Mobility: Travel requirements and arrangements, used when role involves international work
3. Commission Structure: Details of commission schemes, used for sales roles
4. Remote Working: Specific arrangements for remote work, used when applicable
1. Benefit Summary: Detailed breakdown of benefits package
2. Bonus Scheme Rules: Detailed terms of any applicable bonus schemes
3. Job Description: Detailed role responsibilities and requirements
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