Executive Compensation Agreements
Cox Padmore Skolnik & Shakarchy LLP (CPS&S) has a special focus on executive severance or separation agreements. From our main offices in Manhattan, as well as locations in Long Island, Denver and New Jersey, our lawyers represent executives, compensation committees and business owners in severance agreement drafting, review and dispute resolution.
Knowledge And Experience That Makes The Difference
Employers can avoid litigation from former executives and key employees through severance agreements. Employees should understand the potential benefits and repercussions of the agreement prior to signing. Provisions in the severance agreement may include restrictive covenants such as noncompete agreements, nonsolicitation agreements and nondisclosure agreements (NDAs). These agreements can affect a former employee’s ability to work in the same field, the same geographical area, or use knowledge learned on the job.
Our attorneys have extensive experience structuring severance agreements to achieve the maximum protection and a beneficial tax structure. Executive severance agreements call for attorneys who are well-versed in the various tax rules that affect corporations and highly compensated employees. There are certain restrictions that apply to payouts to avoid the potential of collusion. Severance agreements for executives with equity in the business may include compensation for those interests.
Consult Our New York City Separation Agreement Attorneys
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