How to Plan Ahead with Employment Agreements

In this episode of OK at Work, attorneys Sarah Sawyer and Russell Berger from Offit Kurman discuss executive level compensation and employment agreements. They explain the significance of these agreements for both executives and companies, particularly in scenarios involving business marketability, sales, and investor interactions. Key considerations include restrictive covenants, non-competes, and intellectual property protection. They also emphasize the importance of planning these agreements well in advance of major business transitions.

00:00 Introduction to Executive Compensation Agreements

00:58 Key Clauses in Executive Agreements

01:29 Importance of Term Employment

02:00 Considerations for Founders and Growing Businesses

02:45 Planning Ahead for Business Transitions

03:32 Final Thoughts