Do you not get paid overtime because your employer pays you a salary? One of the most common misconceptions that I come across are employees who think they are not entitled to be paid overtime because they are paid on a salary. Stated simply; salary alone is not enough to ... Read More
Know Your Executive Contract
E
xecutive Employment Agreements are almost always complex legal documents that require high level of legal understanding and insight. The list below contains some of mostly commonly found clauses in Executive Employment Agreements.
- Base salary
- Signing bonuses
- Commission structure
- Equity packages
- Benefits (Medical, Dental, Life, Long/Short Term Disability, 401(k), vacation, sick, holidays)
- Travel package
- Severance
- Definition of Good Cause
- Definition of Good Reason
- Non-compete clause
- Non-solicitation clause
- Confidentiality clause
- Arbitration clause
- Accelerated vesting clause
- Anti-dilution clause
- Anti-buy back provision/force company buy back provision
- 83(b) exercise provision
- Anti-forfeiture clause
- Change in Control clause
- Single trigger and double trigger clauses
- Insurance clause
- Indemnification clause
- Specified employee clause
- Section 40A clause
- Section 280G clause
Attorney Shafran has ample experience representing, advising and negotiating the terms and conditions of Executive Employment Agreements across an array of industries.
HAVE A QUESTION ABOUT EXECUTIVE EMPLOYMENT AGREEMENTS?
30
May2017
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