For businesses to be competitive, they must hire the best workers available and keep them happy and productive for their tenure with the company. Before awarding an attractive executive compensation package to a prospective employee, make sure that contract protects you as well. The Chicago employment attorneys at Goldman & Ehrlich assist businesses in crafting and negotiating executive employment agreements and compensation packages. The elements of a successful package that we regularly negotiate include:
At Goldman & Ehrlich, all our clients meet directly with partner attorneys who manage all aspects of their legal issues. We work closely with you to address all your concerns and implement strategies that help us arrive at a mutually beneficial settlement. Since our Chicago employment lawyers also negotiate compensation on behalf of employees, you get the additional advantage of our experience from that side of the conference table.
While it’s exciting to sign an employee you believe will deliver positive balance-sheet impact, you need to anticipate and protect yourself from disappointment. Let us prepare an agreement that gives you the flexibility to terminate the agreement when appropriate, and sets clear metrics for the employee’s performance to make it easier to part ways when performance doesn’t materialize. Goldman & Ehrlich can also prepare a reasonable severance package and agreement when termination is necessary which will protect you from a potential lawsuit.
If your company is going to invest in a new hire for an upper management position, Goldman & Ehrlich can effectively prepare an agreement reflecting the terms of employment. Call us at 312.332.6733 today or contact our Chicago office online.