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When discussing independent director roles, we say they "serve" at the pleasure of the shareholders. When addressing their compensation, we struggle with defining what their service is worth.

Executive Employment and Severance Agreement Assistance

We help clients design and review executive employment and severance agreements.

We assess the competitive market as well as the specific circumstances of the company. We can provide insight regarding current trends and best practices when re-evaluating current arrangements. We can also recommend the terms for a new agreement.

We work closely with the client's legal counsel, reviewing the agreements and plan documents to ensure the terms are captured as originally intended. We also provide input into the potential impact of "golden parachute" tax rules on severance payments following a change in control.