An executive means someone who is in a company position like the president, vice president, secretary, and treasurer of a corporation, and any individual customarily performing similar functions with respect to any organization whether incorporated or unincorporated.
Definitely! Having a lawyer review your employment agreement can save you a headache later on. They can help you spot any red flags and make sure you’re covered from every angle.
Yes, non-compete clauses are pretty standard in executive agreements. They prevent you from jumping ship to a competitor or starting your own competing business right away, ensuring your old company’s trade secrets stay under wraps.
Absolutely! Negotiating your employment agreement is par for the course. If something doesn’t sit right with you, speak up. You’ve got to advocate for your worth.
When reviewing an executive employment agreement, keep an eye out for salary, bonuses, benefits, termination conditions, and any non-compete clauses. These are the nuts and bolts that make the job tick.
Typically, these agreements last for a specific term—like one to three years—but they can also be open-ended, depending on the arrangement.
If you're unsure, it’s wise to consult with a lawyer or an HR expert to get clarity on any confusing terms before you sign.
Yes, indeed! Don't hesitate to discuss and negotiate terms that are important to you; it's part of the job hunting game.