Having a corporate employer in the modern workplace invariably means you might be fired after the installation of a new hostile Board of Directors or you want to resign in favor of a better opportunity. Regardless, executive level separations can be equal parts contentious and complex due to existing contractual arrangements that involve non-solicitation provisions, confidentiality clauses, and trade-secret protections that, unfortunately, ensnare even the most experienced executives.
Moreover, executive level compensation makes it more difficult because many C-Suite employees have equity compensation either through stock grants, stock options, or “RSUs” (Restricted Stock Units) that carry their own forfeiture and vesting schedules and typically involve draconian provisions under Delaware law despite recent California statutes that prohibit these terms.
What are your rights and obligations as you leave the company? How do you structure an exit in a manner that works for both sides and avoids costly litigation by a well-funded corporate adversary? Chackel Law has extensive experience navigating these complex waters for executive employees in the middle of a corporate separation. You will have the dedicated time, attention and sophistication to address the issues and, if necessary, negotiate directly with your employer.
This includes counseling you regarding:
- What to do (and not do) as you leave the company.
- How to communicate with existing and prospective clients about your departure and/or new employment.
- What you can, and can’t, take with you as you leave the company.
- The content of a written severance agreement including release language, stock awards, and structured severance payments that ensure your rights are protected.
All compensation lawfully due to you at separation including stock, equity and vested non-discretionary performance awards.
Contact us for a free and confidential case evaluation.
