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Understanding and Negotiating Executive Employment Agreements for Success

In: Personal Financial Planning for Executives and Entrepreneurs

Author

Listed:
  • Michael J. Nathanson

    (The Colony Group)

  • Jeffrey T. Craig

    (The Colony Group)

  • Jennifer A. Geoghegan

    (The Colony Group)

  • Nadine Gordon Lee

    (The Colony Group)

  • Michael A. Haber

    (The Colony Group)

  • Max B. Haspel

    (The Colony Group)

  • Seth P. Hieken

    (The Colony Group)

  • Matthew C. Ilteris

    (The Colony Group)

  • D. Scott McDonald

    (The Colony Group)

  • Joseph A. Salvati

    (The Colony Group)

  • Stephen R. Stelljes

    (The Colony Group)

Abstract

Given how things worked out, David should have spent more time understanding, discussing, and even negotiating his employment agreement with Goliath. The authors use the story of David and Goliath to highlight the importance of a strong, balanced employment agreement in maximizing the rewards of being a corporate executive. They consider the many ways to address provisions that are nearly universal in all agreements, including: the scope and nature of the employment relationship; title, duties, and responsibilities; reporting structure; exclusivity; fixed and incentive compensation; equity incentives and participation; employee benefits; term, termination, and severance; assignment and changes of control; restrictive covenants; reimbursement of expenses; restrictions on liability; ownership of intellectual and other property; and applicable law and dispute resolution.

Suggested Citation

  • Michael J. Nathanson & Jeffrey T. Craig & Jennifer A. Geoghegan & Nadine Gordon Lee & Michael A. Haber & Max B. Haspel & Seth P. Hieken & Matthew C. Ilteris & D. Scott McDonald & Joseph A. Salvati & S, 2021. "Understanding and Negotiating Executive Employment Agreements for Success," Springer Books, in: Personal Financial Planning for Executives and Entrepreneurs, edition 2, chapter 3, pages 17-43, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65400-9_3
    DOI: 10.1007/978-3-030-65400-9_3
    as

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