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Showing posts with label executive severance terms. Show all posts
Showing posts with label executive severance terms. Show all posts

Monday, December 21, 2020

Holiday Greetings 2020

 

Blue bird

This holiday card and photograph are used here with the permission of wild life photographer Jerry Acton who enjoys sharing the beauty of nature from his home in New York’s Southern Tier. www.jerryacton.com

All Best wishes to you and yours, for a joyous holiday season and
For success, prosperity, health and happiness,
In the coming year, 2021.

ROBERT A. ADELSON, ESQ.
Adelson & Associates, LLP
101 Federal Street, Suite 1900 
 Boston, MA 02110
(617) 204-5602 
 FAX:  (617) 204-5604
Email: rob@attorneyadelson.com
Blog: https://robadelson.wordpress.com/
Website: www.ExecutiveEmploymentAttorney.com
LinkedIn: https://www.linkedin.com/in/robert-adelson-b8a1557/
Twitter:  @AttorneyAdelson 

Two articles of mine, published since spring 2020, during the Covid-19/ coronavirus crisis, intended to aid executives facing issues related to the pandemic, that may interest you, are as follows:     

1. Working Remotely as a C-level Executive

Are you tempted by a C-level position in a company with great potential on the West Coast, in Texas or Upper Midwest, but don’t want to give up your home and uproot your family where you are living on the East Coast?  My article, published in October 2020, suggests negotiation strategies, in our new COVID world,  to build a comfort level with prospective employers, for those executives who would like to take up an executive employment opportunity as a remote CEO or C-level executive

Has a new employer cut your pay or reduced your duties due to COVID-19 disruptions to the company, or due to a non-COVID related loss of a key customer, loss of financing or other changed circumstances? My article published in May 2020, discusses how negotiating the right severance triggers in your job offer can protect you so you can move on and be made whole. 

To see my CEOWorld magazine article, go to LINK: https://ceoworld.biz/2020/05/27/triggering-executive-severance-to-protect-your-interests-in-case-of-covid-19-or-other-changed-circumstances/ 

Or on my website at https://www.executiveemploymentattorney.com/triggering-executive-severance-to-protect-your-interests-in-changed-circumstances/

101 Federal Street, Boston, MA and Attorney Robert Adelson

Employment, Tax, Contracts and Business Law Services for
 CEOs, C-Level and Senior Executives
  Early Stage Companies and Entrepreneurs
 Consultants and Service Providers

*The photo on this holiday card, that of a female bluebird, photographed by Jerry Acton, also graced the cover of BluebirdJournal of the North American Bluebird Society 2009-2010 Winter edition – https://www.jerryacton.com/Galleries/Published-Photos/i-Swrj6NW   Once again, thank you to Jerry for sharing his fine work – making this wonderful winter wildlife image available for all of us to enjoy in this holiday season!

Saturday, May 30, 2020

Triggering Executive Severance to Protect Your Interests in Case of COVID-19 or Other Changed Circumstances

Six days ago, on May 27, 2020, CEOWorld magazine published an article I wrote on Triggering Executive Severance to Protect Your Interests in Case of COVID-19 or other Changed Circumstances”.  The magazine advised me that I can use “Featured in the CEOWORLD magazine” and the CEOWORLD “Logo” on my website.

This was my 28th article published in CEOWORLD. Earlier this year, the editor advised that I can add CEOWORLD magazine in my LinkedIn profile’s “Experience Section” as an “Opinion Columnist.” and authority in the field.  See https://ceoworld.biz/author/robert-adelson/

This article, my most recent, published May 27th, is designed for CEOs, C-level and senior executives, especially those who, once on the job, may find that their chances for success become daunting because changed circumstances beyond their control.  For many such executives, the severe economic downturn arising in connection with the COVID-19/coronavirus crisis may cause great reductions in expected base, bonus, equity and LTI compensation and reduced duties and responsibilities as well.​


ambitious executive

However, the article is not limited to COVID-19.  The article also discusses other circumstances where clients of the author have also experienced such negative effects, as result of dashed expectations, including where the executive accepted his or her job offer for a CEO, C-level or other senior executive position in reliance on any of these company actions:
  • Keeping a major customer account,
  • Retaining the services of a key man or woman executive,
  • Keeping or achieving regulatory approval,
  • Keeping or retaining a key source of funding,
  • Company possessing the positive financial position represented to you, a position on which you can build for growth.

The article then concludes with proactive steps the executive can take in your executive employment and job offer negotiations to protect yourself in the event of such changed circumstances in the future.  This includes the crafting of severance terms with triggers tailored to your situation in the event of dashed expectations. Thus, the executive would have an executive contract that provides that if circumstances change, such that the job is no longer what you bargained for, you can move on to a new opportunity and still be made whole as you do so.

To see my full CEOWorld magazine. article, go to LINK:
https://ceoworld.biz/2020/05/27/triggering-executive-severance-to-protect-your-interests-in-case-of-covid-19-or-other-changed-circumstances/

Or on my website at https://www.executiveemploymentattorney.com/triggering-executive-severance-to-protect-your-interests-in-changed-circumstances/

With more than 12.4+ million-page views, CEOWORLD magazine is the world’s leading business magazine written strictly for CEOs, CFOs, CIOs, CSOs, senior management executives, business leaders, and high net worth individuals worldwide.
https://www.linkedin.com/company/ceomagazine/

The editor has also advised that I can add CEOWORLD magazine in my LinkedIn profile’s “Experience Section” as an “Opinion Columnist.” and authority in the field.  See https://ceoworld.biz/author/robert-adelson/

It is my hope that this article will be helpful to suggest a potential remedy in job offer negotiations to CEOs, COOs, CMOs, other C-Level and senior executives who are considering a new executive position or giving up other opportunities, and, acting in reliance on the promises made by the employer, and seek protection against potential changed circumstances, whether from a pandemic, loss of a key customer, loss of key personnel, a negative regulatory ruling, loss of financing  or otherwise, so the executive can if that happens move and be made whole. If you or any colleague of yours has a need in this area, please do reach out to me at rob@attorneyadelson.com.