Interim CEO and Turnaround CEO Employment Agreements: Terms and Compensation

Two weeks ago, on October 26, 2017, CEOWorld magazine published an article I wrote on  “Interim CEO and Turnaround CEO Employment Agreements: Terms and Compensation.

This article was designed for executives, who have been offered, are seeking or are now considering taking Interim CEO or Turnaround CEO positions.

The Interim CEO may be one of the following:

  • company insider from the Board or current executive suit or a current consultant to the Company, as Interim CEO, chosen in part for familiarity with the company and essentially to be a placeholder until the new CEO can take up his or her duties
  • executive outside the company recruited to fill that role, someone with a name in the field to maintain the position of the company in the eyes of analysts and investors until the search for a new CEO is completed and the replacement installed
  • an executive hired or recruited not just as a placeholder but as a true Turnaround CEO, who is being brought in to “right the ship” when a company is in turmoil, unprofitable or otherwise not performing to the desired level.

This article discusses the different roles each would play as Interim CEO or Turnaround CEO and the different terms each should seek in employment, compensation, severance,  equity, disclosure and indemnification from the company that needs their services.

To see my full CEOWorld magazine. article, go to LINK:  http://ceoworld.biz/2017/10/26/interim-ceo-and-turnaround-ceo-employment-agreements-terms-and-compensation/

or my website https://www.executiveemploymentattorney.com/interim-ceo-and-turnaround-ceo-employment-agreements-terms-and-compensation/

With more than 12.4+ million page views, CEOWORLD magazine is the world’s leading business magazine written strictly for CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide.

Tweeting My New CEOWorld Article on Interim and Turnaround CEOs…

If you tweet and would like to Tweet my article, here is my three (3) tweets to retweet or to use in your own tweet –

It is my hope that this article will be helpful to senior executives who are navigating the shoals of noncompete, nonsolicitation agreements and going into a new position or change of control.  If you or any colleague of yours has a need in this area, please do reach out to me at radelson@engelschultz.com or 617-875-8665.

 

 

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Getting the Benefits of Equity Compensation from Family Businesses through Phantom Stock

Last Wednesday, on September 6, 2017, CEOWorld magazine published an article I wrote on “Getting the Benefits of Equity Compensation from Family Businesses through Phantom Stock.

This article was designed for CEOs, C-suite executives and other senior executives who currently work in a family business or are offered a position in a family business and receive now or are offered NO equity compensation because most family businesses do not issue equity to non-family members.
Continue reading “Getting the Benefits of Equity Compensation from Family Businesses through Phantom Stock”

Pitfalls of and Techniques to Surmount Non-Compete Agreements for Executives

Last Thursday, on August 10, 2017, CEOWorld magazine published an article I wrote on “Pitfalls of and Techniques to Surmount Non-Compete Agreements for Executives.” This article was designed for CEOs, C-suite executives and other senior executives who are asked to sign non-compete agreements with their company.  My article deals with both the coverage and pitfalls of non-competes but also offers key techniques for the CEO and senior executives to surmount non-competes and protect your career.
Continue reading “Pitfalls of and Techniques to Surmount Non-Compete Agreements for Executives”

Restricted Stock And Other Equity Options For Your Executive Compensation Package

On July 10, 2017, CEOWorld magazine published an article I wrote on  “Restricted Stock And Other Equity Options For Your Executive Compensation Package 

This article was designed for CEOs, C-suite executives and other senior executives who are negotiating stock, options, RSUs or other equity as part of their compensation package.  Continue reading “Restricted Stock And Other Equity Options For Your Executive Compensation Package”

Getting Executive Severance Rights and Compensation When You Choose to Quit Your Position

One week ago, on May 30, 2017, CEOWorld magazine published an article I wrote on  “Getting Executive Severance Compensation When You Choose to Quit

This article was designed for CEOs, C-suite executives and other senior executives who for reasons beyond their control want to quit their current position and ought to be able to get appropriate executive severance compensation in connection with their separation.

My article takes up four main areas:

  • Circumstances when you want to quit
  • Issues governing Severance when you quit your position
  • Key contract terms:  Termination for Good Reason in your Job Offer
  • Circumstances of Constructive Discharge
  • Severance rights and compensation to seek for in Constructive Discharge
  • Getting what you deserve if you terminate your position

Continue reading “Getting Executive Severance Rights and Compensation When You Choose to Quit Your Position”