“I just got a dream job as an executive, and they’re offering a great salary. The only trouble is I don’t know what to look for beyond the salary numbers. I’m great at what I do, but negotiating employment contracts isn’t something I do often.”
Between non-qualified stock, incentive stock, incentive bonuses, pay for performance, deferred compensation, retirement plans, benefit plans, business expenses, choice of laws, arbitration clauses, non-competes, non-solicitations, confidentiality clauses, termination provisions, residency requirements, and post-employment cooperation agreements, it can all be a little confusing when figuring out your rights and how exactly you are getting paid.
Gordon Law Group, LLP can help. Based in Boston, our legal professionals represent executives nationwide, helping them through the employment agreement process. When choosing to work with a Gordon Law Group, LLP employment contract lawyer in Boston, you can be confident in your choice. Our attorneys are frequently cited as being among the best employment lawyers in the nation.
Understanding ‘At-Will’ Employment
Massachusetts, along with other jurisdictions, has “at-will” employment. This means that the employment relationship can be terminated at any point by the employee or the employer, without needing a reason for the termination. Because of this, fewer employers tend to use employment agreements. If you are asked to sign an agreement as a condition of employment, it is important to ensure the contractual provisions do not unfairly restrict your rights, benefits or the ability to work for a competitor.
How an Employment Contract Attorney Can Help
The general trend in executive pay is moving towards a proportionally lower base salary and higher pay-for-performance rewards, and the general trend in employment agreements is to lock employees into long term arrangements or lock them out of the industry. Therefore, making sure you understand your contract becomes increasingly important.
We represent employees considering new employment as well as those evaluating new offers from their existing employer. We can help you tackle the following and more:
- Need to sign an employment agreement, confidentiality agreement, non-compete and non-solicitation agreement, option grants, stock grants or some other paperwork?
- Wondering about the terms of your deal and what it means?
- Wondering if you’ve got a fair deal and what your absolute pay will be?
- Concerned about whether you’ve got exposure?
- Concerned that you can be found liable?
If your company is being acquired, is anyone representing you in the deal? Or does it seem that only the founders and original investors are seated at the table – even though the company’s main asset might be its employees? Mergers and acquisitions often present opportunities for employees to cash out or possibly continue with the acquiring entity.
An Employment Agreement Lawyer Can Protect Your Interests
Gordon Law Group, LLP represents employees at all levels in the employment agreement review and negotiation process. We help our clients understand contract provisions and work to strengthen those provisions to better favor our clients’ interests.
If you’re negotiating an employment relationship, contact us today. Call us at 800-403-7755 to schedule a free consultation with our team of talented attorneys.
Click here to view our FAQs on executive compensation.
This information is not a do-it-yourself guide to resolving employment disputes or handling employment litigation. While some may find this useful for understanding the basic issues and their legal context, it is NOT a substitute for experienced legal counsel and does not provide legal advice. Please contact the team at Gordon Law Group to discuss your specific case.