Executive Employment Contracts
We represent executives in negotiation of employment agreements. Most high ranking executives enter into employment agreements for specified periods of time and are not employees at will. Employment agreements provide certain protection for executives and also assist employers in finding and keeping highly qualified management which is necessary for a company's success.
Crafting appropriate language in employment agreements not only requires an understanding of the executive's duties and responsibilities but knowledge of the legal ramifications of contract language. The amount of leverage an executive has in negotiating an agreement is impacted by an executive’s experience, skills, company size and what other companies in the industry offer.
When negotiating agreements, we advise our client’s based upon their individual objectives and negotiate with employers to tailor each agreement to the client’s own situation. It is imperative that all parameters of the employment relationship be carefully assessed, including compensation, relocation assistance, restrictions arising from the client’s previous employment and a clear delineation of duties and reporting relationships. We assist our clients in evaluating all types of considerations including:
- What happens if there is a material change in job duties or reporting relationship
- What happens if there is a change in control of the company
- Terms concerning payment of bonuses if employment is terminated
- Severance provisions
- Stock option vesting
- The forum for disputes – arbitration or litigation
- Applicable state law
- Relocation assistance
- Incapacity considerations
- Responsibilities to the company after employment is severed
We bring a unique perspective to Executive Employment Contracts based upon our experience in representing employees in disputes with their employers. Many times executives are referred to our firm by attorneys who work at large law firms who have represented employers whom our clients have litigated against in the past. These attorneys often have conflicts of interest in representing executives and we feel a great sense of pride when one of our former litigation adversaries thinks enough of our firm to refer a client.
Call us today at 267-470-4742 or contact us online to discuss your legal options.