Gregory Marshall has been offered a position as a graphic designer at Graphic Edge. The offer includes a salary, two weeks of paid vacation annually, a bonus equaling two weeks' salary payable before Christmas, health benefits, and $75,000 of life insurance. The position is a two-year agreement that may be renegotiated, and either party can terminate with two weeks' notice. The art director is excited to offer Gregory the position based on his portfolio, grades, and internship experience.