Issues to Consider When Drafting Employment Agreements for
Executives
Employers often find it useful to have written employment
agreements with employees, especially executives. Additionally,
many executives insist upon such agreements before accepting a new
position. Such agreements can delineate various issues relevant to
all involved, including duties and responsibilities, compensation
arrangements, and when and how the employment relationship can be
ended.
While there is no standard template applicable to all such
arrangements, there are certain considerations any employer should
account for in developing employment agreements with key
executives:
- The agreement should describe, in some manner, what the job
responsibilities will be for the executive. The level of detail
will vary depending on the circumstances, but it is important that
there be a shared written understanding of what will be expected of
the executive.
