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Employment Agreements For Executives

1. Compensation – Money isn`t everything, but it`s incredibly important. Both parties should be aware and negotiate not only the base salary, but also the bonuses (and how they are calculated and when they are paid). Services made available to staff, where appropriate, should also be included.2. Obligations – This is one of the most fundamental provisions of the agreement, as it describes, among other things, the activities for which a manager is responsible. Details such as. B to whom the executive is to report should also be thoroughly considered and taken into account.3. Severance pay – This is usually the case when the employment relationship is terminated for no good reason. The structure of how severance pay is paid can help your business avoid financial devastation. plan to pay, at regular intervals, severance pay in the event of payment and not a lump sum. .