The use of retention compensation for executives and senior management has significantly grown in recent years. Although retention compensation is simply a way to defer payment long-term, this type of reward is put into place due to a set of circumstances that trigger the need for additional compensation. Events Triggering Retention Compensation A key employee […]
If you are a key employee with your company and it is going through a merger or acquisition, one of the most critical decisions you can make in protecting yourself is hiring your own personal attorney. It is all too common for executives to mistakenly believe that the lawyers handling the merger or acquisition are […]
Many people are predicting that the Covid-19 recession will destroy the merger and acquisition market. While it is true that corporate acquisitions usually greatly decrease during recessions, that may not be the result of the current Covid-19 recession. We are seeing devastating outcomes from the various lockdowns. Unemployment is approaching the levels of the Great […]
All executives and senior-level management officers need to understand the importance of retention agreements. The two primary situations where retention agreements are used are: (1) when a company is being acquired by another party or other times of uncertainty which may place the key employee’s job security in jeopardy, or (2) when the executive is […]