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Understanding and Negotiating Executive Employment Agreements for Success

  • Michael J. Nathanson
  • Jeffrey T. Craig
  • Jennifer A. Geoghegan
  • Nadine Gordon Lee
  • Michael A. Haber
  • Seth P. Hieken
  • Matthew C. Ilteris
  • D. Scott McDonald
  • Joseph A. Salvati
  • Stephen R. Stelljes
Chapter

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.

Copyright information

© The Colony Group 2018

Authors and Affiliations

  • Michael J. Nathanson
    • 1
  • Jeffrey T. Craig
    • 2
  • Jennifer A. Geoghegan
    • 3
  • Nadine Gordon Lee
    • 4
  • Michael A. Haber
    • 3
  • Seth P. Hieken
    • 1
  • Matthew C. Ilteris
    • 1
  • D. Scott McDonald
    • 2
  • Joseph A. Salvati
    • 1
  • Stephen R. Stelljes
    • 2
  1. 1.The Colony GroupBostonUSA
  2. 2.The Colony GroupHinghamUSA
  3. 3.The Colony GroupNew YorkUSA
  4. 4.The Colony GroupArmonkUSA

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