Clawback provisions are increasingly common in executive compensation agreements, but their benefits extend far beyond simple contract terms. These provisions allow companies to recover incentive-based compensation from executives under specific circumstances, such as...
Business Disputes: It’s What We Do
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Executive Employment
Can your severance agreement prevent you from earning a living?
When leaving a job, many employees sign severance agreements that outline terms for receiving pay or benefits after their departure. While these agreements offer financial support, they often include restrictions that could impact your future work opportunities....
How does state law affect noncompete agreements?
Noncompete agreements can feel like a double-edged sword. They aim to protect a company's interests but can seem unfair to employees seeking new opportunities. Pennsylvania law attempts to strike a balance with its unique "blue pencil" doctrine. What is the "Blue...
Should employment contracts include an indemnification clause?
An employment contract can protect both employers and employees by setting clear expectations. One common provision in employment contracts is an indemnification clause. If you are an employer, you might be wondering if this type of clause should be included in your...
Fiduciary duty in business and employment
A fiduciary duty is created when a person takes on the legal responsibility of acting in the best interests of another party. The fiduciary is the person who holds that responsibility, and the principal is the party to which the fiduciary owes this legal...
Key considerations for negotiating executive equity compensation
Equity compensation can be a significant part of an executive's overall pay package. It provides the opportunity to share in a company's success. However, negotiating the right terms requires careful attention to key aspects. Understanding types of equity...
Does a non-compete hold up if you quit?
When an employee signs a non-compete agreement, they often wonder about its enforceability if they decide to quit. Understanding the legal landscape surrounding non-compete clauses is a must for both employees and employers. What is a non-compete agreement? A...
Securing legal protection in severance negotiations
When negotiating a severance agreement, executives should focus on key factors to protect themselves from possible future legal issues. Understanding how to negotiate these agreements can provide financial security and legal protection. Clear terms and conditions It’s...
Negotiating severance packages in Pennsylvania
When executives negotiate severance packages, it's important to consider the possibility of future disputes. Typically, severance packages adhere to the terms outlined in employee contracts and state laws. However, it's wise to be aware of the finer points of...
Indemnification clauses for executive contracts in Pennsylvania
When creating executive employment contracts, there are key elements to consider that can impact the security and confidence of your leadership team. Learning these elements can help you make informed decisions that benefit your executives and your organization....