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Category Archives: Severance

When An Executive Is Fired

What is the American executive who just has been terminated without Cause entitled to receive, if anything?

The detailed answer varies according to the executive’s particular situation, but the general answer is:  whatever the executive is entitled to receive either Read More

You’re Fired! (No, Really)

Having represented hundreds of executives whose employment was being terminated, I could never understand the audience appeal in watching our current Chief Executive wield the axe over aspiring “Apprentices” on TV. I understand that it was “just a show,” but anyone who... Read More

“Cause” for Concern? — Executive Compensation and Severance

In negotiating any senior executive’s employment agreement, particular attention must be paid to the section which defines “Cause” for termination. This section sets forth the specific, agreed-on circumstances in which the employer has legitimate grounds for terminating the executive with “Cause.” A... Read More