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...
Employment Contracts
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...
Should you demand your stock options in a severance package?
Taking an executive position at a big company means a lot of responsibility. Your new position often involves a lot of paperwork. After all, as a high-earning professional, you need to protect yourself -- and the company wants to limit its liability and the risk to...
What happens if there is a mistake in the CEO’s contract?
CEOs often work under a contract with the company rather than as an at-will employee. To understand the possible resolutions for a mistake in CEO’s contract, it is helpful to understand some basics of contract law because fundamentally, the answers are the same. How...
Noncompete agreement enforceability always a key issue
Disputes in the Michigan and national business realm surrounding noncompete agreements occur frequently and often garner prominent judicial attention.Indeed, a recent article on the subject matter stresses that, "The most litigated issue in employment contracts is the...
They say, you say: Is that a trade secret?
OK, so you took a few files and documents with you when you recently terminated employment with Company A, intending to use them in your new digs with Company B. They served you well and unquestionably increased your efficiency during your former employment tenure, so...