An executive employment agreement offers a competitive advantage in today’s labor market – as long as it’s appropriately structured and both sides live up to their promises.
As an executive seeking employment with a new company, with your current employer, or due to a promotion or other change in circumstances, it’s important that you understand all the legal implications of any employment agreement that’s put on the table. Going it alone is ill advised – you need a capable and competent employment lawyer to assist you. That’s why you should call a lawyer at Sommers Schwartz.
Why Have an Executive Employment Contract?
Executives provide companies with needed leadership, vision, and management, and hiring talented people is critically important for the company’s future, as important as the decision is on an executive’s career. The employment contract between the company and the executive needs to address a range of specific points and contingencies, both in terms of what should be included in the contract and what should be avoided. Conditions that may need to be addressed include compensation (salary, bonuses, stock options, benefits, etc.), job duties and reporting relationships, circumstances under which the contract can be terminated, restrictions on competition and protection of confidential business information, and entitlement to severance benefits.
Why Sommers Schwartz?
For four decades, Sommers Schwartz attorneys have represented both sides at different times in employment negotiations involving high-level executives, senior managers, and family businesses. We’re well-versed in the complex issues of executive contracts, experience that comes from years of navigating the finer points of employment law and helping businesses and their people move forward.
Contact a Sommers Schwartz attorney today to confidentially discuss your case and learn how we can help.