Specialist Services for Directors and Senior Executives
You've just been appointed to a challenging new role and are excited at the prospect of getting down to business, impressing your new bosses and progressing your career.
But being a Director or senior executive can bring about a range of new employment law issues.
The more senior your role, the more likely you will be issued with a contract or service agreement that reads more like a book than a statement of your terms and conditions. Some of the small print in your Agreement could have a significant impact on you in your employment and completely tie your hands when your employment comes to an end. This is particularly true where commission arrangements, bonuses and post termination restraints come into play.
Rather than leave anything to chance, it is better to have the contract or service agreement professionally checked before you sign on the dotted line and while there is still time to negotiate terms which could later become the source of litigation. We regularly draft and advise on directors’ service agreements and senior executive contracts and are well placed to advise and guide you on some of the more tricky areas.
Exit and severance
Even the best relationships can turn sour and when it comes to disputes between senior executives and their employer, severance on agreed terms is often the best or even the only option. In these circumstances your priority is to get the best possible deal that both recognises your legal rights and enables you to move forward.
As a senior executive your concerns will probably go beyond the severance payment and a reference. You may, for example, need to resign from directorships or other offices, take action to protect your shares and stock options or negotiate your release from post termination restraints. That is where our experience in handling Settlement Agreements comes in. We can advise you on the best way to negotiate your severance or we can even take up the negotiations on your behalf.