How to Plan Ahead with Employment Agreements
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How to Plan Ahead with Employment Agreements
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In this episode of OK at Work, attorneys Sarah Sawyer and Russell Berger from Offit Kurman discuss executive level compensation and employment agreements. They explain the significance of these agreements for both executives and companies, particularly in scenarios involving business marketability, sales, and investor interactions. Key considerations include restrictive covenants, non-competes, and intellectual property protection. They also emphasize the importance of planning these agreements well in advance of major business transitions.
00:00 Introduction to Executive Compensation Agreements
00:58 Key Clauses in Executive Agreements
01:29 Importance of Term Employment
02:00 Considerations for Founders and Growing Businesses
02:45 Planning Ahead for Business Transitions
03:32 Final Thoughts