Employment Offer Letter

Dear ,

On behalf of ACME Resources LLC, a TX LLC located at (the “Company”), I am pleased to offer you employment on the terms set out in this letter. We are excited about the contribution we believe you will make to our team.

1. Position and Reporting

You are offered the position of , reporting to . You will perform the duties customarily associated with this position and such other duties as the Company may reasonably assign. This is a position based at .

2. Start Date

Your anticipated start date is , subject to the contingencies described in Section 7. This date may be adjusted by mutual agreement.

3. Compensation

Your initial annualized base salary will be , less applicable withholdings and deductions, payable in accordance with the Company’s standard payroll schedule. Your salary will be reviewed periodically in accordance with Company practice.

4. FLSA Classification

This position is classified as under the federal Fair Labor Standards Act and applicable state law. If you are classified as non-exempt, you will be eligible for overtime pay for hours worked in excess of applicable thresholds and must accurately record all hours worked.

5. Benefits

You will be eligible to participate in the Company’s standard benefit programs, subject to the terms, conditions, and eligibility requirements of each plan as in effect from time to time. These currently include:

• Group medical, dental, and vision insurance
• of paid time off, plus Company-observed holidays
• Participation in the Company’s retirement plan, where offered

The Company reserves the right to modify, amend, or terminate any benefit plan or program at any time, subject to applicable law.

6. Equity

Subject to approval by the Company’s board of directors and the terms of the Company’s equity incentive plan and your individual grant agreement, you will be recommended for an equity grant of . Any such grant will be governed solely by the applicable plan and grant documents, including vesting provisions.

7. Contingencies

This offer is contingent upon, and your continued employment requires, each of the following:

• Your completion of IRS and U.S. Citizenship and Immigration Services Form I-9 and your providing documentation establishing your identity and authorization to work in the United States within the time required by law;
• Satisfactory completion of a background check and any reference checks, to the extent permitted by applicable law;
• Your execution of the Company’s Confidential Information and Invention Assignment Agreement; and
• Your representation that you are not subject to any agreement that would restrict your ability to perform the duties of this position.

8. At-Will Employment

Your employment with the Company is “at will.” This means that either you or the Company may terminate the employment relationship at any time, with or without cause and with or without notice. Nothing in this letter or any Company policy creates a contract of employment for any specific duration or limits the at-will nature of your employment. The at-will relationship may only be modified by a written agreement signed by you and an authorized officer of the Company.

9. Entire Agreement

This letter, together with the agreements referenced above, constitutes the entire agreement between you and the Company regarding the terms of your employment and supersedes any prior offers, representations, or understandings, whether oral or written. This letter is governed by the laws of the State of TX.

To accept this offer, please sign and date below and return this letter by . We look forward to welcoming you to the team.

ACME Resources LLC

Name: Michael Yuan
Title: General Manager
Date:

Accepted by:

 

Date: