A job loss or transition can be stressful, and understanding the details of your severance package is essential. A severance package is a group of benefits and pay provided to employees when their employment is terminated, usually outside their control. It's not just...
Employment Contracts
Should you sign a non-disclosure agreement or negotiate it?
In today’s competitive business landscape, signing a non-disclosure agreement (NDA) has become a common practice for many companies when onboarding new employees. This legal document aims to protect a company’s sensitive information and trade secrets from being...
What points can you negotiate in an employment contract?
Navigating an employment contract can be complex, particularly when determining which aspects are open for negotiation. While there’s no exact answer that will apply to every company, having a plan in mind when discussing your contract with a potential employer or a...
Can employers still use non-disparagement clauses?
Many employees are required to sign severance agreements when they leave a company. These agreements may contain any number of clauses that they must abide by. If they don’t, they’ll risk losing pay and benefits or they could even face legal action. It’s been...
4 red flags to look out for in an employment contract
You just received a job offer as an executive for a large company. Before you begin, you’ll need to sign an employment contract, a document outlining the agreement clauses between an employer and an employee. Additionally, it includes information related to...
Executive perks: Getting the most from your benefits package
After contributing so much of yourself (time, education, skill, insight, experience, etc.) to a successful corporation, you deserve a piece of the pie. When they profit from your hard work, you should, too. Your benefits should reflect your contributions. You can...
2 risks to watch out for when negotiating a severance package
As a highly-skilled or educated employee, you cannot just find a replacement job when your current position ends. It may require months of searching for you to find even one position that matches your skills and even longer for you to get a job that offers comparable...
Non-competes aren’t the only clauses to avoid while onboarding
Getting an offer at a company for a competitive position is positive, but there is typically still a lot of work to do before you move into the role. You will likely want to negotiate your contract to make it more favorable for you. For many executives, the main focus...
Can a former employer deny a contractual severance package?
Severance packages are a benefit of employment, not an entitlement. Many educated professionals like executives and managers negotiate an employment contract when they accept a new position somewhere. Asking for severance pay is often part of those negotiations. ...
Do you need to negotiate restrictive covenants as an executive?
Executives command excellent compensation for their services. They often have a lengthy and complex contract explaining what compensation they will receive and what obligations they have to the company. Many executives negotiating a contract for a new position will...