Contracts – Executive Employment Agreements

Executive Employment Agreements


So, why a separate discussion for Executive Employment Agreements?  Well, typically the agreements are very similar but….Executives tend to have the addition of stock ownership, benefit plans and defined termination rights.  Some questions to think about include how much stock, is it outright stock ownership or in the form of options, how does it vest, what happens after the stock has vested but the Executive has been terminated – is there a buy-back provision; how much notice must be given for termination, do you need key man insurance, etc.  In many ways, your Executive Employment Agreement is a “mini” partnership agreement and there should be lots of thought put into it so key resources (including time, money and equity interest) are not wasted.

Next installment, Contracts – Vendors/Supplier Agreements, and remember, ALWAYS CONSULT AN ATTORNEY FIRST.

About ebizlawyer

Laurence Associates has extensive experience in outsourcing, internet law, software, computer systems, data protection, information security, privacy and corporate services both from the customer and vendor perspective. Elaine Laurence, the founding Principal of Laurence Associates, has unique expertise in understanding and handling transactional issues facing financial services institutions and small businesses. For more information visit my website at:
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