Negotiating a Change in Control Agreement
Executive employment contracts often contain a change in control (CIC) agreement. This type of agreement provides information regarding senior-level stock options, executive compensation and severance pay in the event of a change in control of the company. At Sterling Employment Law, we represent C-level executives in Michigan and throughout the country with the drafting of employment agreements and CIC agreements, to ensure that they receive enhanced protection if terminated.
Contact our experienced and successful team of lawyers for legal guidance on change in control agreements. Call us at 888-486-6305. We provide confidential legal counsel to executives and are available 24 hours a day.
Corporate Change of Control
Changes in control often occur in corporate settings. A company is acquired by another firm, a stockholder might acquire a majority or substantial holding in the business, or the composition of the board of directors may change drastically.
When a change of control occurs, there are usually changes made in the top-level executive team. As a corporate officer, a CIC agreement is extremely important for your security. Should you be terminated due to a new owner, changes in the board of directors, a merger or an acquisition, you will want to protect your stock options, bonuses, retirement and benefits, in addition to being appropriately compensated for the loss of your high-level position.
It Is Important to Have Legal Representation During a Change in Control
If you are a senior or C-level executive, contact our law firm for assistance in drafting your employment agreement, including a change in control provision. Don’t wait until you have signed the agreement. Call Sterling Employment Law at 888-486-6305 or contact us online. Our offices are conveniently located in the heart of the Detroit metropolitan area.