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May 2017 Archives

Nonprofit corporations: work with experienced attorney on executive compensation issues

In recent posts, we've been looking at the topic of executive compensation and severance agreement negotiation, and the importance of businesses working with experienced legal counsel to negotiate these agreements so as to minimize legal liabilities. For nonprofits, it is important to

Work with experienced legal counsel to negotiate executive compensation issues

Previously, we began looking at the issue of executive compensation, particularly in light of Texas A&M’s ongoing deliberation about whether to offer its current Chancellor an early contract extension. As we noted last time, businesses need to carefully balance the need to attract highly qualified professionals with financial limitations and the need to protect business interests.

Texas A&M board to vote on proposed employment contract extension for Chancellor

Negotiating employment agreements is an important task for businesses, for a number of reasons. First of all, there is the need to attract and secure qualified individuals, particularly for positions of great responsibility within the business. There is also the need to form agreements which allow a business to retain its talent. In addition, though, it important to consider the changing needs of the business and to establish options for addressing contractual disputes as they arise.

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