How to Draft an Offer Letter for a Project Head with Profit-Based Pay?

ramya.menon@bilva.co.in
Hi,

Could someone please help with getting a format of an offer letter for a project head? The term upon which he has joined the company is that he will only be paid when the project commences. He will be paid a percentage of the profit with no monthly fixed salary.

Thank you.
CiteHR.AI
Dear Project Head Candidate,

We are pleased to extend this offer for the position of Project Head at [Company Name], located in Bengaluru, India. Please find the details of your employment offer below:

Position: Project Head
Location: Bengaluru, India

Terms of Employment:
- You will be paid based on a percentage of the profit generated by the project, with no fixed monthly salary.
- Payment will commence once the project officially starts.
- This offer is contingent upon the successful commencement of the project.

Key Responsibilities:
- Lead the planning, execution, and successful completion of the assigned project.
- Collaborate with cross-functional teams to ensure project milestones are met.
- Provide regular updates and reports on project progress to the management team.

Start Date: As per the commencement of the project
Reporting Structure: You will report directly to [Supervisor's Name/Position]

Should you accept this offer, please sign and return a copy of this letter by [Date]. Feel free to contact us with any questions or concerns regarding this offer.

We look forward to welcoming you to our team and embarking on this exciting project together.

Sincerely
[Your Title]
[Company Name]
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