Executive Compensation and Severance Negotiation
At The Law Offices of Eugene K. Hollander, we assist many executive employees who are considering offers made by their employers or who have been terminated and who are contemplating legal action. In many cases these individuals are employees who are highly compensated and have not only base compensation to consider, but also must evaluate incentive compensation, including, but not limited to bonuses.
At the initial offer stage, executive compensation review includes reviewing the documents from every angle, and thoroughly analyzing the documents to be sure that every provision is clear. We also take into consideration the tax implications of every aspect of the subject employment agreement. Also, as part of an executive compensation package, companies often offer stock options/ownership clauses or stock bonuses. Depending upon exactly how these are structured, they could be a significant part of the executive pay package. Our experience enables us to sort out the good from the bad and advise our clients regarding how to proceed.
Similarly, if an executive has been terminated, we will evaluate whether legal action is required, and if a severance package can be negotiated. Usually, we will look to see what the original employment agreement provides. In the event that the employee has a potential claim for age, gender, race, national origin, or retaliation, oftentimes we can secure additional compensation in exchange of a waiver of all employment claims.
We also provide executive compensation review for employers who retain us to be sure that all their contracts comply with both state and federal regulations. For instance, we review all contracts to ensure that they comply with ERISA provisions.
Non-compete agreements, confidentiality agreements, and non-solicitation clauses are important provisions in many executive employment agreements. We can help you review these provisions and see the potential impact they may have on your career development. Whether you are an employee or an employer, our seasoned employment law attorneys can assist you with executive compensation package/policy matters. Contact an experienced employment law attorney at The Law Offices of Eugene K. Hollander.