Westaff Employment Offer Letter to Sean Wong for VP, Controller Position

Contract Categories: Human Resources › Employment Agreements
Summary

Westaff offers Sean Wong the position of Vice President, Controller at its Walnut Creek, California office, starting September 22, 2008, with a $175,000 annual salary, sign-on bonuses totaling $35,000, and eligibility for an annual bonus of at least 25% of base salary. Additional bonuses are available upon meeting specific performance goals. Stock options may be granted pending board approval. If terminated within 12 months due to relocation or job elimination, Sean will receive six months' severance. The offer is contingent on a satisfactory background check and reference verification.

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EX-10.3.20 4 a2190562zex-10_320.htm EXHIBIT 10.3.20
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Exhibit 10.3.20

[WESTAFF LOGO]

August 28, 2008

Sean Wong
***@***

Dear Sean:

        This letter is to confirm our verbal offer of employment to you as VP, Controller in Westaff's Corporate office in Walnut Creek California, reporting to me Christa Leonard, SVP and CFO. Your official start date will be Monday, September 22, 2008, with a starting salary of $175,000 per year with a sign on bonus of $17,500 on your start date and $17,500 in 90 days. You are also eligible for participation in the Company's annual bonus plan program commensurate to your position level and no less then 25% of your base salary. You will be eligible for three weeks of vacation per year based upon the standard vacation accrual of the company's vacation policy.

        In addition to the above, upon successful completion of the following you will be eligible for a $17,500 dollar bonus:

    •
    Consultant-free in the accounting department by an agreed upon date;

    •
    Year end audit completed timely;

    •
    Timely and accurate completion of the 10K;

        Pending Board approval, you will also be eligible to participate in the Company Stock Incentive Plan. It is anticipated that you will be awarded 75,000 Stock Options.

        Should you be terminated from the company within your first 12 months of employment due to the company relocating its headquarters further than a 35 mile radius of 298 N. Wiget Lane, Walnut Creek, CA or following a company change your job is eliminated, you will receive 6 months of base pay as severance pay.

        This offer is contingent upon a satisfactory pre-employment evaluation which includes reference verification and a background investigation.

        Westaff engages in fair competition. We have no interest in any confidential information or trade secrets that belong to your former employers. We ask that you not share such information and secrets with us.

        Sean, we look forward to your formal acceptance of this offer by signing and returning a copy of this letter to me. We believe that you will enjoy your association with Westaff and that you will be a significant contributor to our team. Meanwhile, if you have any questions, please contact Debra Banks, Human Resource Representative at (925)  ###-###-####.

Sincerely,

/s/ Christa C. Leonard
Christa C. Leonard
SVP & Chief Financial Officer

  ACCEPTED   Sean Wong
Sean Wong

 

DATE

  

9/4/08


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    Exhibit 10.3.20