Can Officers & Directors Be Held Personally Liable?
Can officers and directors be held personally liable? While they have some protections, they are not invincible. Officers and directors are the management tier of a corporation. While the directors manage high-level business matters, officers oversee the day-to-day operation of the company. Moreover, these positions can be shareholders, employees, appointed individuals paid for consulting, or […]
Executive Retention Packages: Negotiate Terms That Work For You
Executive retention packages serve the purpose of keeping you in a position that benefits you. As an executive, it’s likely that a lucrative job offer might cross your desk. Alternatively, your employer may agree to a merger or acquisition. When the new company owners want to keep key executives in place, they may offer a […]
Executive Sign-On Bonus: Terms & Negotiations
From the executive sign-on bonus to the retention bonus, bonuses are a major factor in the average executive compensation package. Whether you want to negotiate a signing bonus, performance bonus, or a retention bonus, the point is to keep the position valuable for you. Often, there’s more room to negotiate bonuses than your base salary. […]
Executive Severance Compensation When You Choose to Leave
Executive severance compensation is often quite lucrative when you have the option to attain it. While there are many reasons people leave C-suite or senior executive positions, it usually boils down to the employee or employer moving on. When it comes time to negotiate an executive employment contract, many higher-ups focus on the former. However, […]
Executive Termination: Do You Have a Wrongful Termination Case?
In the face of executive termination, it’s common to wonder whether you have a case for wrongful termination. Whether you are in a hostile work environment, already fired, or placed on a “performance plan,” it’s essential to understand your rights. Generally speaking, even executives are “at-will” employees in Texas. This means a company can let […]
C-Suite Executive Salary: Get the Compensation You Deserve
While many recruiters have data on the average C-suite executive salary, many executives continue to wonder whether they have the salary they deserve. Whether it includes equity, bonuses, etc, if you have special attributes or exceed objectives, you might benefit from an executive attorney. Why People Seek Personalized Compensation Packages When it comes to C-suite […]