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”

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”

Joining a board of directors as an executive can be rewarding

Joining a board of directors as an executive can be rewarding, yet has its pitfalls. Boston executive employment attorney Robert Adelson serves the role of an employment advisor to help executives weigh the costs and benefits of joining a board, as well as negotiates their compensation package. The many benefits of joining a board include but are not limited to lucrative stock and options, networking opportunities and access to a new source of information. However, despite these rewarding benefits, an executive who joins a board takes on a large task – one which, if left unfulfilled can expose them to shareholder lawsuits.
Continue reading “Joining a board of directors as an executive can be rewarding”

Negotiating severance and making employment termination

Negotiating severance and making employment termination a lucrative farewell is what Robert Adelson does best. In June 2012, Attorney Adelson represented the COO of a Texas software company, whom we will call Bill Harper (keeping the client’s real name and company confidential) and worked with Mr. Harper to negotiate his employment contract. Mr. Harper was unhappy with his current severance package and felt that his time spent working and helping the software company grow was not being given the fair attention it deserved. Upon representation, Mr. Harper expressed his concerns and went to Attorney Adelson. As a result, Attorney Adelson was able to negotiate severance with the software company, arranging a more rewarding exit for Mr. Harper. Employment termination and severance packages are factors that every executive employee needs to be prepared to deal with. Robert Adelson makes sure that his clients are able to voice their wants and needs about their severance, allowing them a comfortable exit for the future.

Continue reading “Negotiating severance and making employment termination”