This article was designed for Chief Technology Officers or Chief Technical Officers (CTOs) of software, robotics, e-commerce or other technology-based companies or for Chief Scientific Officers or Chief Medical Officers (CSOs) of a biotechnology, medical device, healthcare or other life science companies, who, when negotiating a new job offer or employment contract or terms of executive compensation need to give attention to essential employment terms relevant to their critical C-level positions in these fast growing and changing industries.
Among the important terms for CTO and CSO employment contracts discussed in the article are the following:
- Scope of authority, levels of support, interface with related enabling departments,
- Company reputation, mission, financials and other representations on which you are relying to take this job offer,
- Equity compensation in scope and form matched to your position, stage of company and potential tax issues and
- Protection to assure that inventions, software tools and ideas developed on your own are not transferred to the new employer without special consideration.
In the late Spring 2019, I plan to write a separate article whose target audience is also CSOs and CTOs, but this time company founders and former CEOs. These are executives who moved to the CSO or CTO position after a successful launch was achieved, VC money invested and a new “professional” CEO has been or is to be, recruited to scale the company to the next level of growth. That Spring article will focus on the key protections such founder CTOs and CSOs should seek in this corporate transition.
To see my full CEOWorld magazine. article, go to
or on my website at https://www.executiveemploymentattorney.com/negotiating-your-new-cso-or-cto-employment-agreement/
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It is my hope that this article will be helpful to CSOs, CTOs and other senior executives who are in tech and life science industries who are negotiating new job offers, employment contracts or executive compensation packages and should pay attention to the essential contract terms discussed in my article. If you or any colleague of yours has a need in this area, please do reach out to me at firstname.lastname@example.org or call 617-875-8665.
About Robert A. Adelson, Esq.
Robert A. Adelson, Esq. is a corporate and tax attorney and partner at Engel & Schultz LLP, Boston, Massachusetts. He represents C-Level executives and key employees in negotiations over executive employment terms, equity, compensation, relocation, retention and separation agreements, severance packages, and where necessary suits over wrongful termination.