Executive employment agreements generally cover compensation, equity grants, length of employment and benefits. They often also cover termination. Termination provisions are often the most controversial of all these topics. A comprehensive termination clause should be included in an executive employment contract. Here are some things you should know.
We may be able offer representation or advice if your legal matter is one we could help with.
Inflation has eroded Philadelphia's minimum salary
A key term in executive employment agreements is "devotion towards employment". This clause requires that an Executive devote substantial time and energy to the Company's duties. The Executive can't engage in any other employment or activity without the Company's prior authorization.
Racial Discrimination Laws at Work
Discrimination on grounds of national origin is a very common problem. Unfortunately, employers are still not fully aware that discriminating against someone based on their ethnicity or nationality is illegal. Employers who do not understand this may not be aware that they could face serious consequences. This kind of discrimination should be avoided by being educated about the laws.