Connecticut Executive Compensation Agreement Attorney

Great executives are usually known for their attention to detail — and that diligence should extend to their own compensation agreements. If you’re a Connecticut executive who has been asked to formalize a compensation agreement as part of the terms of your employment, it’s critically important that you understand all of the provisions within that document.

Failure to do so may result in more than an inequitable arrangement. Tax laws and regulatory requirements may affect employee compensation agreements, which means executives need to pay close attention to both the terms of their deal and related compliance issues.

In most cases, this means working with an experienced executive compensation attorney — one who can help ensure that any proposed agreement is in your best interests, legally, financially and professionally.

Executive Compensation Agreements: The Basics

Executive compensation agreements, if properly executed, serve the mutual interests of companies and employees. Such agreements clearly spell out the terms and conditions of employment, including total compensation and the scope of any possible grounds for termination. These agreements also often spell out post-employment terms and conditions, including severance, retirement and continuing insurance coverage.

Employer contracts often involve complex issues relating to taxes, regulations, retirement planning etc. As such, it’s vitally important that these terms be vetted by an experienced professional.

Let’s take a closer look at some of the most common issues that arise within employer contracts:

  • Non-disclosure or confidentiality agreements.
  • Stock options
  • Base pay and incentive structures
  • Bonuses
  • Insurance coverage (medical, dental, life and post-employment)
  • Deferred compensation
  • Expense and travel reimbursements
  • Relocation benefits
  • Severance packages
  • Termination for cause language
  • Arbitration language
  • Restrictive covenants

Issues such as these are deeply relevant for executive-level employees and need to be carefully delineated within any contract language. Additionally, it’s critically important to remain cognizant of how contract elements are affected by all pertinent tax and securities laws. By working with a legal professional, executives can help ensure that the terms they negotiate do not create unnecessary financial or legal burdens.

Executive agreements also typically define a specific period during which the contract remains in force (one year, for example). Once the contract expires, it may be automatically renewed (assuming no termination occurred); the employee may continue working without a contract or a new or extended/amended contracted may be negotiated.

Finding the Right Connecticut Executive Compensation Attorney

Employer contracts cover a wide variety of issues and scenarios that directly impact how executives are paid and the conditions under which they work. As such, it’s imperative that executives have a full understanding of the language contained within these agreements. An experienced attorney can help ensure that all contract language is fair to the executive, while identifying areas where executives may benefit from additional negotiation.

At Brickley Law, we have the experience to help executives navigate even the most complex employer agreements. If you’re seeking assistance with an executive compensation agreement, please don’t hesitate to reach out to Brickley Law for a free consultation.

Past Verdicts & Settlements

Violation Drug Testing Statute

Our client, a prospective employee, received a confidential amount in settlement of a violation of the Connecticut drug testing statute.

*Prior results do not guarantee a similar outcome.

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Pregnancy Discrimination

Our client received a confidential amount in settlement of a pregnancy discrimination claim and a wage claim.

*Prior results do not guarantee a similar outcome.

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Pedestrian Accident

Insurer settled for policy limits of $100,000.00 after pedestrian client struck by car.

*Prior results do not guarantee a similar outcome.

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