A well-defined employment contract allows both the Executive and the Company to enter a relationship with a clear and positive view toward the future relationship. Bertelson Law Office can help negotiate language to protect your interests.
Five key considerations for Executive Contracting:
- Remember You Bring Unique Skills to Your New Company.
Your expertise and skills give you leverage to negotiate your employment relationship before it starts. Smart companies will want to lock in your talent.
- The Contract’s Description of your Duties, Title, and Reporting Structure Matters.
Defining your job duties avoids potential misunderstandings later. The job title you hold now could impact your future employment. If you decided to accept the position because you understood you would be reporting to a particular person, is that person outlined in your contract.
- Be Alert to Vague Compensation Language.
Executive compensation is more than just salary and health benefits. Executive compensation can include equity in the company, paid time off, car and smartphone allowances, payment of fees for professional organizations, among others.
Does the contract specify when stock options, RSU’s and other equity will be received? Does the contract spell out the vesting schedule? What are the terms for bonus payments? What happens to these benefits when your employment ends?
- Take Restrictive Covenants Seriously.
Restrictive covenants such as non-competes and non-solicitation agreements can negatively impact your future career, possibly restricting your post-employment job search. Do not take such restrictions lightly. Courts often uphold such restrictions. Before signing an agreement, make sure the language will not put you on the “bench” after your employment with this company is over.
- Think About the End at the Beginning.
No one likes to think about the end of an employment relationship. Unless there is language in the agreement to protect you, a company can end your employment at any time without compensation. An experienced attorney can help protect your interests and help negotiate crucial language and future severance payments upfront – before you start your employment.
Bertelson Law Offices, P.A. has over 32 years of experience reviewing and strategically negotiating Executive agreements.
Because we practice exclusively in employment law, we can provide you with knowledgeable advocacy. We get to know you well and provide personal service for your individual needs and goals. As experienced employment law attorneys Bertelson Law Offices will negotiate your Executive Employment Contracts by identifying areas of concerns, protecting your interests and your career in the long-term.
At Bertelson Law Offices, P.A. you will receive personal and assertive advocacy.
Please feel free to contact us at 612-278-9832 or by email at [email protected] and [email protected].