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Category Archives: Severance

The Unhappy Executive

Executive employment and compensation attorneys prefer happy and satisfied clients. These two states of mind do not, however, always go together. They do, of course, when we successfully negotiate a new contract for a college or university president or a Wall Street... Read More

What College Presidents Must Do Before the Axe Falls: Part 1

Why presidents and other seasoned executives can benefit from seasoned counsel
The higher education press has been filled recently with stories about abrupt firings of presidents and other senior executives at universities and colleges across the nation. What was once an... Read More

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